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
MFG HOME LOCATED ON 1.78 +- ACRES NEEDS SOME WORK WATER/ELECTRIC AVAILABLE. “Due to the condition, the property may have health/safety risk(s). Prior to entry / ac...
- 2 Beds
- 2 Baths
- 19184040 MLS
Listing courtesy of CENTURY 21 Team Realty, Inc..
All offers should be submitted through an auction site. This property is subject to a 5% buyer's premium All auction assets will be sold subject to seller approval. Occu...
- 3 Beds
- 1 Baths
- 19476285 MLS
Listing courtesy of Lane County OR Homes Inc.
View the sunset & city lights from this custom home. Great room has soaring vaulted ceiling, ample windows & cozy gas fireplace. Kitchen boasts granite counter tops, cust...
- 3 Beds
- 2 Baths
- 19408811 MLS
Listing courtesy of RE/MAX Professional Realty.
Nice 3 bedroom 2 bath manufactured home with a split floor plan, a large living room, a large deck and a large 1 car detached garage. This is a Fannie Mae HomePath prope...
- 3 Beds
- 2 Baths
- 3002277 MLS
Listing courtesy of Keller Williams Realty Southern Oregon.
Nice 2 bedroom 1 bath home located close to shopping and schools. This property features a 1 car attached garage a detached shed and a 1/4 acre lot. This is a Fannie Mae ...
- 2 Beds
- 1 Baths
- 3002273 MLS
Listing courtesy of Keller Williams Realty Southern Oregon.
Beautiful country! This 1408 square foot family home has 4 bedrooms and 1.0 bathrooms and is sitting on over 2 acres. Just needs some TLC.
- 4 Beds
- 1 Baths
- 19323045 MLS
Listing courtesy of Home Quest Realty.
Large home with great potential. There is a large detached 2 car garage, the property has alley access to the back yard. The home features a large living room, a large di...
- 6 Beds
- 2 Baths
- 3002189 MLS
Listing courtesy of Keller Williams Realty Southern Oregon.
This is a bank foreclosure. Would make a great project for someone. Spacious home with 4 bedrooms and 3 half baths. One side of the house has a separate entrance that wou...
- 4 Beds
- 3.1 Baths
- 19502879 MLS
Listing courtesy of Trueblood Real Estate Inc..
Convenient Location with easy access. Private rear yard with covered deck. Additional covered parking on side of the attached garage. Four bedrooms, forced out heat pump,...
- 3 Beds
- 1 Baths
- 19118336 MLS
Listing courtesy of Oregon Real Estate Services.
Great opportunity to have your retreat located on a very low traffic road, 1.33 flat usable ground, the river is nearby. Great separation of space with 3x bedrooms and 3x...
- 2 Beds
- 4.1 Baths
- 19269160 MLS
Listing courtesy of Oregon Real Estate Services.
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.
Wonderfully updated ranch style home located in quiet Hayden Bridge neighborhood. This move in ready home features new kitchen cabinets and SS appliances, new roof, wate...
- 3 Beds
- 1 Baths
- 19540335 MLS
Listing courtesy of RE/MAX Integrity.
Manufactured home with 3BD/2BA sitting on a high foundation in Dillard. 2 Car garage and bonus living area downstairs.
- 3 Beds
- 2 Baths
- 19686910 MLS
Listing courtesy of Keller Williams Realty Umpqua Valley.
Secluded custom home with fabulous views, just a short walk from beautiful Cooper Creek lake. Soaring ceilings, granite and tile abound in the finish of this special cont...
- 4 Beds
- 4.1 Baths
- 19086478 MLS
Listing courtesy of RE/MAX Professional Realty.
Recently renovated from top to bottom. 3 bedroom, 1.5 bath, 1290 sq ft on a huge lot in a desirable neighborhood. New roof, flooring, appliances, water heater, kitchen & ...
- 3 Beds
- 1.1 Baths
- 19073083 MLS
Listing courtesy of Keller Williams /Eugene-Spfld.
Nice craftsman home with a split floor plan is conveniently located in the Griffin Oaks Community. This property features, vaulted ceilings, a gas fireplace, wood floors,...
- 3 Beds
- 2 Baths
- 3001204 MLS
Listing courtesy of Keller Williams Realty Southern Oregon.
Multiple offers received. Seller has requested Highest and Best deadlined at 5/14/19. This is a 3 bed 2 bath home has potential but needs repair. Home has a large living...
- 3 Beds
- 2 Baths
- 19224118 MLS
Listing courtesy of Berkshire Hathaway HomeServices Real Estate Professionals.
Opportunity waits with this 3 bedroom 1 bath ranch style home located on large lot located on dead end street. Property features detached 1 car garage, Well House and to...
- 3 Beds
- 1 Baths
- 19342158 MLS
Listing courtesy of RE/MAX Integrity.
Log home, picturesque river setting, on 31.15 wooded acres! Located just on the edge of town but feels like you are miles away. Bring your horses, fishing poles, kayaks...
- 1 Beds
- 1 Baths
- 201902671 MLS
Listing courtesy of John L Scott Central Or Bend.
Opportunity to build your dream home on 7+ acres west of Junction City on High Pass Rd. Existing foundation on level building site. Property is vacant and in poor condit...
- 3 Beds
- 1.1 Baths
- 19273787 MLS
Listing courtesy of RE/MAX Integrity.
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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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