Search Your Area For Foreclosures
Buying Foreclosures
Foreclosures are commonly desirable by investors and real estate buyers not only in Southern Oregon but all over the country due to the sometimes lower sales prices they can offer.
Foreclosures are either Judicial or Non-judicial and eventually sold at public auction. These auctions are can be held in different locations depending on the state. In Oregon they are either sold at a Sheriff (Judicial) or at the courthouse steps (non-judicial).
Foreclosures that did not sell at public auction are most the time then listed with a local real estate broker and placed on the open market. A lot of times these homes will be distressed and need work therefore they are priced lower to factor in repairs needed. Sometimes these properties will be priced low to attract a bidding war therefore driving the price up to normal market values.
Judicial Foreclosures
The judicial process of foreclosure will involve a lender or lienholder filing a lawsuit to obtain a court order to be able to foreclose, and is used when no power of sale is present in the deed of trust or mortgage. In most cases, after a declaration of foreclosure by the court, the home will be auctioned off to the highest bidder. With this type of foreclosure, the borrower has the right to redeem the property by paying the purchase price, plus interest, any foreclosure costs and the expenses the purchaser has incurred in operating and maintaining the property within 180 days after the sale date. To redeem the borrower needs to file a notice no less than two days and not more than thirty with the sheriff.
Non-Judicial Foreclosures
The process for non-judicial foreclosures is used when a mortgage or deed of trust contains a power of sale clause. A "power of sale" clause in a deed of trust or mortgage, in which the borrower will pre-authorize the sale of property to satisfy the loan balance in the event they default. In mortgages or deeds of trust where a power of sale exists, the lender is given the power to sell the property and may be executed by the lender or their representative, generally referred to as a trustee. Rockwell Real Estate and their team are no way providing legal advice and anyone with legal questions surrounding foreclosures should consult legal advice with an attorney. This information is provided as general in nature.
Current Foreclosures On The Market
Nice 5 acre property with a 3 bedroom 2 bath home. This property features, hardwood floors, large family room, large rock fireplace, detached four car garage with worksho...
- 3 Beds
- 2 Baths
- 3004665 MLS
Listing courtesy of Keller Williams Realty Southern Oregon.
Palm harbor home has fireplace in Living room. Family room. Master bedroom has walk in closet in master bath. Ceiling fans throughout and gas forced air heat. Outside th...
- 4 Beds
- 2 Baths
- 19510787 MLS
Listing courtesy of Hawks & Co., REALTORS.
This is a super neat house. It is set back off of the road with access from a small side road. The lower level is partially finished and would be an amazing entertaining ...
- 5 Beds
- 2.1 Baths
- 19278737 MLS
Listing courtesy of Emerald Valley Real Estate.
Nice 2 bedroom 2 bath home on 5 acres with a detached garage and other out buildings. Fairly level usable acreage. This is a Fannie Mae HomePath property.
- 2 Beds
- 2 Baths
- 3004480 MLS
Listing courtesy of Keller Williams Realty Southern Oregon.
REO Occupied - the seller does not represent or guarantee occupancy status. NO VIEWINGS of this property. Please DO NOT DISTURB the occupant. "As is" cash only sale with ...
- 3 Beds
- 1.1 Baths
- 19241855 MLS
Listing courtesy of Owners.com.
Tandem home built in 2001, county records shows three beds and two baths but the home has four bedrooms / two and a half bathrooms. The home is in need of some repair an...
- 4 Beds
- 2.1 Baths
- 19007437 MLS
Listing courtesy of Equinox Real Estate.
Centrally located home in an established neighborhood. 3BD/1BA with a fenced yard and a storage shed/shop area.
- 3 Beds
- 1 Baths
- 19366012 MLS
Listing courtesy of Keller Williams Realty Umpqua Valley.
Do not miss this 4 bedroom 1 bath Farmhouse Style home located on large fenced lot featuring enclosed porch and 2 car garage, living room with fireplace, galley kitchen ...
- 4 Beds
- 1 Baths
- 19156512 MLS
Listing courtesy of RE/MAX Integrity.
Opportunity Knocks! Great value property on the edge of town, feels like you're in the country. Inspiring mountain and valley views. Schedule your private tour today!
- 2 Beds
- 1 Baths
- 19237804 MLS
Listing courtesy of Keller Williams Realty Umpqua Valley.
Large lot with unique home. This home currently has one bedroom and two living rooms. It appears it could easily be turned into a 2 bedroom. Great location on the east ...
- 1 Beds
- 1 Baths
- 19200049 MLS
Listing courtesy of Emerald Valley Real Estate.
Best view home on cul-de-sac. Custom landscaped low maintenance. 2 story home,1680 sq. ft. on .29 acre. Lvn. RM, kitchen, dining RM,laundry RM,bathrm+2bdrms downstairs. M...
- 4 Beds
- 2 Baths
- 19443095 MLS
Listing courtesy of FlatList.com.
Welcome to low maintenance living at Mountain Meadows 55+ community in Ashland. 1 bedroom/1bath 879 sq ft condominium. Enjoy the valley views from the balcony with acce...
- 1 Beds
- 1 Baths
- 3003938 MLS
Listing courtesy of Windermere Van Vleet & Assoc2.
Contempary Style home in Springfield OR, built in 2004, featuring 3 bedrooms and 2.5 bathrooms,traditional floor plan, with fireplace in the family room, den and 2 car ga...
- 3 Beds
- 2.1 Baths
- 19107319 MLS
Listing courtesy of Owners.com.
A gem of a home in a sparkling neighborhood! Walk right into the living room with it's vaulted ceiling & cozy gas fireplace. Kitchen has been remodeled & includes ample c...
- 3 Beds
- 1 Baths
- 19644062 MLS
Listing courtesy of Keller Williams Realty Umpqua Valley.
Great opportunity to build but not start from scratch. Original home was built in 2011, with utilities and foundation still remaining. Build without the headache of lot ...
- 19400208 MLS
Listing courtesy of Emerald Valley Real Estate.
Log Cabin in the woods. Spacious log cabin featuring 2 bedrooms and deck on 2nd level located on 9+ private wooded acres. Open kitchen, dining and living room with larg...
- 2 Beds
- 1 Baths
- 19098522 MLS
Listing courtesy of RE/MAX Integrity.
Tudor Style home in Klamath Falls OR, this unique looking fixer, has so much to offer, featuring 3 bedrooms and 1.5bathrooms, hardwood flooring thru-out, needs updating a...
- 3 Beds
- 1.1 Baths
- 19644021 MLS
Listing courtesy of Owners.com.
Craftsman Home 4 BR, 2.5 BA gourmet kit, wood floors, window seats, lots of decks, 1148 sqft unfinished basement, heat pump, wood burning furnace, 47 + acres, year-round ...
- 4 Beds
- 2.1 Baths
- 19030514 MLS
Listing courtesy of Oregon Real Estate Services.
Welcome to Lone Pine Square! Prime Commercial Location. New construction 2 Commercial office/store shells Lots#804 and #805 to be built Summer of 2019. Building shells to...
- 3003508 MLS
Listing courtesy of Windermere Van Vleet & Assoc2.
Welcome to Lone Pine Square! Prime Commercial Location. New construction 2 Commercial office/store shells Lots#804 and #805 to be built Summer of 2019. Building shells to...
- 3003499 MLS
Listing courtesy of Windermere Van Vleet & Assoc2.
The data relating to real estate for sale on this web site comes in part from the Internet Data Display (IDX) of the Southern Oregon Multiple Listing Service. Real estate listings held by brokerage firms other than our company are marked with the IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information subject to change and should be independently verified. Listing content is copyright © 2018 SOMLS, Medford, Oregon. Last updated:
The content relating to real estate for sale on this website comes in part form the MLS of Central Oregon. Real Estate listings held by Brokerages other than Real Estate Company are marked with the Reciprocity/IDX logo, and detailed information about these properties includes the name of the listing Brokerage. © MLS of Central Oregon (MLSCO). This content was last updated on . Some properties which appear for sale on this website may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified. All content displayed on this website is restricted to personal, non-commercial use, and only for ascertaining information regarding real property for sale. The consumer will not copy, retransmit not redistribute any of the content from this website. The consumer is reminded that all listing content provided by automatic transmission by MLSCO is © MLS of Central Oregon (MLSCO).
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2019 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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