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
Wonderful opportunity to own home in Washburne Historical District. Charming 1940 home with huge potential. Bright front entrance foyer welcomes you into a huge living ro...
- 2 Beds
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- 2 Beds
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Single level ranch home in Danebo. Kitchen has eating bar, dining room has slider to back yard, oversized single car garage with door to interior and back yard. Large f...
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Wonderful 3 bedroom, 1 Bath duplex with single car garages and private back yards. Spacious kitchen and living areas and gas F/A furnaces and gas water heaters.
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Charming home, newly professionally remodeled & updated. Open floor plan with warm hardwood flooring throughout living room, dining room & kitchen. Spacious master sui...
- 4 Beds
- 4.0 Baths
- 18278702 MLS
Just steps to Heceta Beach, this rare oceanfront cabin boasts sweeping views of the Pacific Ocean! Cozy interior has recently been updated and features 2 bedrooms (1 mast...
- 2 Beds
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- 18638947 MLS
Recently renovated home features bright great-room with vaulted ceilings. Kitchen with eating bar boasts beautiful cherry cabinetry. Master suite has two walk in closets,...
- 3 Beds
- 2.0 Baths
- 18213453 MLS
REO AS IS property. 3 bedroom 2 bath home will make a great investment for the hard working handyman. Sits on over 1.4 acres, city water. Proof of funds or pre-qualify...
- 3 Beds
- 2.0 Baths
- 18060933 MLS
Wonderful 3 bedroom 2 bath home located in 55+ Maia Park featuring open floor plan with vaulted ceilings. Covered front entry, separate fenced garden area. Covered parkin...
- 3 Beds
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Newer Home in Newer Neighborhood - custom home in Summerfield Estates. This home sits on a nice lot with a fenced backyard and loads of upgrades inside. Vaulted ceilings ...
- 3 Beds
- 2.0 Baths
- 2989437 MLS
Rare & Unique location right on the Linn/Lane County Border. Very secluded and private with a long driveway. Solid home features custom features such as a loft & large wo...
- 2 Beds
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- 18110281 MLS
Country property with flat level usable ground. Nice detached 2 car garage with extra space for storage. Home is a country 2 bedroom 1 bath home.
- 2 Beds
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- 18053745 MLS
HUD Home. Sold "AS IS" by elec. bid only. Prop avail 5-7-18. Bids due by 5-16-18 11:59 PM Central Time then daily until sold. FHA Case #431-382614. Insured. Eligible for ...
- 3 Beds
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- 18446657 MLS
Nice 3 bedroom 2 bath home built in 2000 located in quiet neighborhood.Ideal for first time buyer or retiree,within close proximity to Schools,senior center,parks and cit...
- 3 Beds
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- 18433667 MLS
Wonderfully updated home featuring front porch, large covered deck and a large outbuilding. Interior updated featuring updated kitchen including SS Appliances, floor cov...
- 3 Beds
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Large spacious manufactured home featuring vaulted ceilings, great separation of space, family room/office. Detached oversized garage, covered porch, large covered deck ...
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Spacious home with wonderfully open floor plan and lots of natural light. formal and informal living areas. Large open kitchen with island, computer/office nook. Huge mas...
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Quiet 8.46 acre wooded property with mature fir trees and a year round creek located a short distance from London Road, on the West side of Cottage Grove Reservoir about ...
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Corner lot location in 55+ gated park. Semi private feel. Small easy care yard. Extra storage room behind garage. Sunroom off garage.
- 3 Beds
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- 18436358 MLS
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