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
build your dream home on this private 2.1 acre lot in the gated Winchester Ridge development. Lots have septic approval, community water system and underground utilities....
- 19516696 MLS
Listing courtesy of Harcourts Integrity Team Real Estate Services, LLC..
Nice Grants Pass Home! Located in a quiet PUD, this 1997 home features 3 bedrooms, 2 bathrooms, approx.. 1104 sqft., an open floor plan with vaulted ceiling and fenced ba...
- 3 Beds
- 2 Baths
- 2999443 MLS
Listing courtesy of Keller Williams Realty Southern Oregon.
Large lot in Myrtle Creek, with a great yard. 1BD/1BA with a 2 car garage.
- 1 Beds
- 1 Baths
- 19606264 MLS
Listing courtesy of Keller Williams Realty Umpqua Valley.
Wonderful opportunity for a project, fix, flip or hold! Large yard with small out building. Converted garage for additional living space, as well as converted attic spa...
- 3 Beds
- 2 Baths
- 19691236 MLS
Listing courtesy of RE/MAX Integrity.
Do not miss this wonderfully updated home on large corner lot featuring covered front porch and detached garage. updates include new appliances, floor coverings, interio...
- 4 Beds
- 2 Baths
- 19423607 MLS
Listing courtesy of RE/MAX Integrity.
Affordable home with large, fenced back yard. Spacious kitchen has lots of storage and counter space. Commercial zoning allows many business uses or continued residential...
- 2 Beds
- 1 Baths
- 19363646 MLS
Listing courtesy of RE/MAX Professional Realty.
Kitchen features new cabinets, granite, ss appliances, floor tile, hardware, undermount sink. Interior has refinished wood floors, new paint, doors,& hardware. Bathroom ...
- 3 Beds
- 1 Baths
- 19209028 MLS
Listing courtesy of Emerald Valley Real Estate.
Do not miss this close in property featuring 2 bedrooms, 1 bath and drive under garage on .27 acres with Cottage Grove Lorane Rd frontage.
- 2 Beds
- 1 Baths
- 19087195 MLS
Listing courtesy of RE/MAX Integrity.
Do not miss this nice 3 bedroom 1 1/2 bath ranch style home with 2 car garage, covered patio and fenced back yard located in highly desirable neighborhood.
- 3 Beds
- 1.1 Baths
- 19466893 MLS
Listing courtesy of RE/MAX Integrity.
Great investment duplex property blocks from school, bus stop and shopping. Both sides features a large backyard. Square footage per county records. One side is wall heat...
- 19175770 MLS
Listing courtesy of Berkshire Hathaway HomeServices Real Estate Professionals.
Beautiful piece of property here with a home needing some work. The main unit is a 3 bedroom 2 bath manufactured home. There is an additional dwelling also. Several nice ...
- 3 Beds
- 2 Baths
- 2998977 MLS
Listing courtesy of Century 21 Showcase, Realtors®,Inc..
Beautiful Townhouse in Desired Southwest Eugene Neighborhood! Open Floor Plan with Vaulted & Beamed Ceilings. Completely Updated Kitchen with Granite Countertops, Stainle...
- 4 Beds
- 2.1 Baths
- 19531568 MLS
Listing courtesy of Keller Williams /Eugene-Spfld.
Do not miss this wonderful opportunity! New on the market property features a 3 bedroom 1 bath ranch style home and a large 2 car garage/shop with room to grow located on...
- 3 Beds
- 1 Baths
- 19619814 MLS
Listing courtesy of RE/MAX Integrity.
Large lot with an attached storage area as well as a large front yard. investor will not entertain offers until the property has been on the market for at least 10 days.
- 2 Beds
- 1 Baths
- 19666751 MLS
Listing courtesy of Lane County OR Homes Inc.
Home on a large lot with detached studio/storage area. Two story home with a large living/dining room and two full bathrooms. Laundry area in home and fruit trees in the...
- 3 Beds
- 2 Baths
- 19251053 MLS
Listing courtesy of Lane County OR Homes Inc.
1936 Cottage on 11.61 acres offering 3 bedroom and 1 bathroom. Property is subject to RIGHT OF REDEMPTIOM. Buyer due diligence for this is a limited representation listin...
- 3 Beds
- 1 Baths
- 19698690 MLS
Listing courtesy of Legend Real Estate Services.
Chalet Style home in Cottage Grove, OR, it a major fixer, was used as a rental,bring you sweat and tears to being this one back to life. It currently features2 bedrooms a...
- 2 Beds
- 1 Baths
- 19305024 MLS
Listing courtesy of Owners.com.
Nice home on over 17 acres with a large 3 car garage with quest quarters above. This property features great views, privacy a large living room, a large kitchen and huge ...
- 3 Beds
- 2 Baths
- 2998650 MLS
Listing courtesy of Keller Williams Realty Southern Oregon.
Nice 3 bedroom 2 bath home on .15 acres located in a pleasant neighborhood. This property features new interior and exterior paint, new carpet and vinyl plank flooring, n...
- 3 Beds
- 2 Baths
- 2998649 MLS
Listing courtesy of Keller Williams Realty Southern Oregon.
3 bedroom 1 bath single level ranch style home featuring nice fenced back yard and patio. Repairs exceed $10,000. Repairs may include but not limited to structure, electr...
- 3 Beds
- 1 Baths
- 19626109 MLS
Listing courtesy of RE/MAX Integrity.
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.
Address Search
Specialty Searches
Preferred Lenders
Check out the article written about our team on Realtor.com
