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
Classic brick home in the Mills Addition neighborhood. Home needs updating but has tons of character and features an excellent detached garage. Very very important to dow...
- 2 Beds
- 1.0 Baths
- 2994474 MLS
Located on a large suburban lot with a 24' x 24' detached garage/shop. Home will need some work but will be a great place with your updates and repairs. Very very importa...
- 3 Beds
- 2.0 Baths
- 2994473 MLS
Beautiful 3 bedroom, 2 bathroom home in quaint town of Lowell features vaulted ceilings, master suite w/sliding door to covered patio. New carpet, interior and exterior p...
- 3 Beds
- 2.0 Baths
- 18554352 MLS
Wonderful 3 bedroom 1 bath home located in a quiet neighborhood featuring covered porch, large back deck, fenced yard and storage shed. Repairs: Replace range, Install sm...
- 3 Beds
- 1.0 Baths
- 18305501 MLS
Wonderful opportunity in this newer 3 bedroom 2 bath home with 2 car garage located close to schools, shopping and medical services. Large family room located behind gar...
- 3 Beds
- 2.0 Baths
- 18591934 MLS
Great 3BD/2BA home in one of Roseburg's premier neighborhoods along the North Umpqua River! Beautiful hardwood floors, a large rock fireplace, and a wood stove create a w...
- 3 Beds
- 2.0 Baths
- 18598411 MLS
Great West Harvard location. One level 3 BR 1.1 Bath home, nicely updated kitchen with new counters and cabinets, mature landscaping. Lots of potential here! HUD Home. So...
- 3 Beds
- 1.1 Baths
- 18420792 MLS
Great cul-de-sac location, in the growing community of Lebanon! Make this one your own. This 3 bedroom home has bedroom separation, a good sized yard, is partially fenced...
- 3 Beds
- 2.0 Baths
- 18451221 MLS
Large home on .41 acre lot. Home was in process of remodel when foreclosed. AS IS'' sale. Property will not finance due to condition. Cash only. Power meter has been re...
- 3 Beds
- 4.0 Baths
- 2994288 MLS
Nice home situated on large corner lot with 2 car garage, separate fenced dog run and concrete paths around home. 3 bedrooms 2 baths, spacious living room features cedar ...
- 3 Beds
- 2.0 Baths
- 18680869 MLS
Wonderful opportunity to restore this 2 bedroom 1 bath hillside home with unfinished partial basement overlooking the City of Roseburg featuring a large deck off the dini...
- 2 Beds
- 1.0 Baths
- 18464100 MLS
Great opportunity to own your own home! Come see this 3 bedroom, 2 baths, 1782 sqft home all on a .30 acre. Amenities include formal living, dining and family room combo ...
- 3 Beds
- 2.0 Baths
- 18597690 MLS
Quality built two story home located in Hidden Creek Estates, 3450 sq ft, 3 beds / 2.1 baths, attached three car garage.
- 3 Beds
- 2.1 Baths
- 18038000 MLS
Great potential in this 3BD/1BA home in a private neighborhood in Myrtle Creek. There is a large fenced yard and a great closed in deck for entertaining! Needs some TLC.
- 3 Beds
- 1.0 Baths
- 18181524 MLS
This is a Fannie Mae HomePath property. Great home in Maple Park Town homes. This is an end unit and in good condition. The property features two mater suites, nice appl...
- 2 Beds
- 3.0 Baths
- 2994119 MLS
Fabulous piece of flat land, potential horse property. Outbuilding(s) have 220v power. Property has 2 driveways for easy trailer access, fruit trees, & small barn. This p...
- 3 Beds
- 2.0 Baths
- 18332986 MLS
Nice rural property and coveted Pleasant Hill school district without the maintenance of large acreage. The best thing about this house is the layout. Over 2,000 sq ft ...
- 3 Beds
- 3.0 Baths
- 18193661 MLS
Private,large lot with access to Knowles creek. Behind the well known gingerbread house restaurant and a short distance to Mapleton and Florence!
- 3 Beds
- 2.0 Baths
- 18668803 MLS
Do not miss the opportunity of this nice 2 bedroom, 1 bath home on a large .36 acre corner lot featuring a 2 car detached garage.
- 2 Beds
- 1.0 Baths
- 18010178 MLS
Wonderful opportunity with this spacious 3 bedroom 1 bath home featuring attached garage and fenced back yard. Located in community of Oakridge offering fishing, hiking a...
- 3 Beds
- 1.0 Baths
- 18097980 MLS
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 © 2018 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. 
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:
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