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
Secluded location for this 1984 sq ft triple wide 4 bedroom, 2 bath manufactured home on 4.69 acres features large spacious rooms and separation of space. Full width cov...
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Employees and family members residing with employees of JPMorgan Chase Bank, N.A, its affiliates or subsidiaries are strictly prohibited from directly or indirectly purch...
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Opportunity abounds with this large corner lot, and hard to find shop! Property is ready for a rehab and it's next owner. Sold in AS-IS condition. POF required. Owner o...
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Property sits on corner lot, has large shop, needs repairs. Any licensed agent purchasing a REO property from Seller as a "principal" will not receive the "selling portio...
- 4 Beds
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Cute Bungalow in Eugene OR, this fixer, has 2 bedrooms and 1 bathroom, hardwood flooring, fireplace in the living room, carport, with an estimated 1,330 sq ft of living s...
- 2 Beds
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- 18295317 MLS
Great location and large yard. Main level features kitchen, living, dining, garage, slider to back and oak hardwood floors. Lower level has one bathroom, bedroom, and acc...
- 4 Beds
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- 18550892 MLS
Property sold as-is. Seller's financing available for fix and flip investors. Could be great again with some TLC. 2 bedrooms upstairs and a possible 3rd on the lower leve...
- 2 Beds
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- 18242016 MLS
Tri-Plex In Need Of Major Repairs And Is Being Sold AS-IS For Cash Only. This Is A Foreclosed Property And Seller Is Not Interest In Contract Terms. Each Unit Has 1 Bedr...
- 2995901 MLS
**REO / Foreclosure** Manufactured on its own land Located at the end of its loop and tucked back behind detached 2 car garage for maximum quiet and privacy. 2BR + Bonus ...
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Ranch Style home in Eugene OR, this is a blast from the past, fixer, bring your design ideas to bring this one with great bones into this century. This home features 4 be...
- 4 Beds
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- 18374119 MLS
3 bedroom 1 bath home on 0.51 acre in Dexter. Uses a septic system and a well. Any required system repairs will be the buyer's expense, Repairs exceed $10,000. Repairs m...
- 3 Beds
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- 18480053 MLS
Do not miss this updated home featuring new kitchen cabinets and appliances, carpet and LVP flooring, updated bathroom, interior and exterior paint, roof and gutters. La...
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- 18191178 MLS
Only minutes from all amenities this 1600+ sq. foot home features a large fully fenced back yard with a lot of large trees. The property is in city services but additiona...
- 3 Beds
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- 2995645 MLS
Do not miss the investment opportunity of this duplex featuring 3 bedrooms, 1 bath units with single car garages and fenced back yards. Wonderful opportunity to live in ...
- 18511271 MLS
Ranch Style home in rural Glendale OR, this one maybe the one your are looking for, come take a look to see if it's a fit for you, this one is a fixer, will need some upd...
- 3 Beds
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- 18512168 MLS
Not your typical Ranch home this 2210 sq.ft home this has a unique floor plan with a large entry area and lots of vaulted ceilings, with good separation of space convenie...
- 4 Beds
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- 18150723 MLS
Artistic features make this newer home a treat to see. Be sure to notice the bathroom sinks, faucets and tile work. Large deck on east and south side of house with hot t...
- 3 Beds
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- 18321998 MLS
1974 Double wide manufactured home sits on one lot, the other lot is undeveloped. Circular driveway and storage/ tool shed. Lots of area for parking. One row back from th...
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- 18680607 MLS
contractor special on large lot with a low per sq ft. price.3 bedrooms 2.5 baths with an office and possible extended family in the lower level. call today for your appoi...
- 3 Beds
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- 18269347 MLS
Looking for a view of the area this is it. Home has 5 bedrooms, nice sized deck, large fenced back yard, small carport and mature landscaping. Don't miss this one!
- 5 Beds
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- 18317893 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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