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Search Your Area For Foreclosures

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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

83944 SPRING HILL  LN, Pleasant Hill image
83944 SPRING HILL LN, Pleasant Hill $449,900

Do not miss this wonderfully updated 4 bedroom 2 bath ranch style home located on 2.58 acres. Updates include new interior paint, carpet and LVP Vinyl flooring and appl...

  • 4 Beds
  • 2 Baths
  • 21333882 MLS
Courtesy of RE/MAX Integrity

Listing courtesy of RE/MAX Integrity.

1120 Ne Douglas  Avenue, Myrtle Creek image
1120 Ne Douglas Avenue, Myrtle Creek $185,000

Great investment property. Located in a good neighborhood, close to shopping and schools. This one level home has much to offer, featuring fireplace in the living, large ...

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  • 2 Beds
  • 2 Baths
  • 220117275 MLS
Courtesy of RE/MAX Integrity Grants Pass

Listing courtesy of RE/MAX Integrity Grants Pass.

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1120 Douglas  AVE, Myrtle Creek image
1120 Douglas AVE, Myrtle Creek $185,000

Great investment property. Located in a good neighborhood, close to shopping and schools. This one level home has much to offer, featuring fireplace in the living, large ...

  • 2 Beds
  • 1.1 Baths
  • 21635688 MLS
Courtesy of RE/MAX Integrity

Listing courtesy of RE/MAX Integrity.

215 Iowa  Street, Medford image
215 Iowa Street, Medford $159,900

Tons of potential and close to services. Offers alley access.

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  • 2 Beds
  • 1 Baths
  • 220117191 MLS
Courtesy of Realty Services Team

Listing courtesy of Realty Services Team.

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586 PRINCESS  AVE, Eugene image
586 PRINCESS AVE, Eugene $499,900

This is what you have you have been looking for! Beautifully updated with LVP flooring in kitchen, dining and family room. Large living room with new carpet. Spacious up...

  • 4 Beds
  • 2.1 Baths
  • 21540715 MLS
Courtesy of RE/MAX Integrity

Listing courtesy of RE/MAX Integrity.

28748 ROYAL  AVE, Eugene image
28748 ROYAL AVE, Eugene $307,400

Per the seller, no interior inspection is allowed for safety reasons. REO Occupied - the seller does not represent or guarantee occupancy status. NO VIEWINGS of this prop...

  • 3 Beds
  • 1 Baths
  • 21424431 MLS
Courtesy of REALHome Services & Solutions, Inc.

Listing courtesy of REALHome Services & Solutions, Inc..

1220 E HARRISON  AVE, Cottage Grove image
1220 E HARRISON AVE, Cottage Grove $289,900

WOW! Looking for an updated move in ready home under $300,000? Well, here it is. Updates include: new roof, paint, all new cabinets, fixtures, flooring, shiplap wall, ...

  • 3 Beds
  • 1 Baths
  • 21575117 MLS
Courtesy of Emerald Valley Real Estate

Listing courtesy of Emerald Valley Real Estate.

1285 Wards Creek  Road, Rogue River image
1285 Wards Creek Road, Rogue River $309,900

Great location in Rogue River offers usable land and a detached shop. Lots of potential.

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  • 3 Beds
  • 2 Baths
  • 220116201 MLS
Courtesy of Realty Services Team

Listing courtesy of Realty Services Team.

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1316 8TH  ST, Springfield image
1316 8TH ST, Springfield $132,000 ▼

Cape Cod Style home in Springfield, OR this one is a major fixer, with 1 bedroom and 1 bathroom, some hardwood flooring and a covered back porch. Home sits on a nice leve...

  • 1 Beds
  • 1 Baths
  • 20471881 MLS
Courtesy of REALHome Services & Solutions, Inc.

Listing courtesy of REALHome Services & Solutions, Inc..

16575 Meadows  Road, White City image
16575 Meadows Road, White City $1,480,000 ▼

Here's a chance to live on your own private, self sufficient & secure, retreat property! All 19.68 usable acres are newly field fenced w/certified survey. 1 acre+ Bass po...

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  • 3 Beds
  • 2 Baths
  • 220114085 MLS
Courtesy of Coldwell Banker Pro West R.E.

Listing courtesy of Coldwell Banker Pro West R.E..

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442 W B  AVE, Drain image
442 W B AVE, Drain $160,000

Successful drive thru coffee business operating from 2016 to the stay at home order. Owners love the business but are ready to retire. Sale includes land, building, signa...

  • 20357568 MLS
Courtesy of ICON Real Estate Group

Listing courtesy of ICON Real Estate Group.

Lot 5 Timbermill Shores  Drive, Klamath Falls image
Lot 5 Timbermill Shores Drive, Klamath Falls $659,000

Timbermill Shores mixed use development lot bordering Lake Ewuana. This development features landscaped streets, geothermally heated sidewalks a bike/walking path and muc...

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  • 220102460 MLS
Courtesy of Rookstool Moden Realty Llc

Listing courtesy of Rookstool Moden Realty Llc.

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Altadena, Klamath Falls image
Altadena, Klamath Falls $45,000

Residential Lot in Nice Subdivision! Nice sized lotof .24 acres just off Harlan Dr. Perfect for your new home!

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  • 103010921 MLS
Courtesy of Lester Realty, Inc.

Listing courtesy of Lester Realty, Inc..

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2205 Ashland  Street Unit 102, Ashland image
2205 Ashland Street Unit 102, Ashland $295,000

Own your own commercial space in desirable Ashland, Oregon. Lease the space or use it for your business. High Ceilings, could be a great retail or office. Located in Barc...

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  • 102985097 MLS
Courtesy of RE/MAX Platinum

Listing courtesy of RE/MAX Platinum.

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2205 Ashland  Street Unit 202, Ashland image
2205 Ashland Street Unit 202, Ashland $360,000 ▼

Here is an opportunity to own an Ashland commercial investment. Unique mixed use building located on Ashland St. that has good off street parking. Upstairs condominium cu...

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  • 102985100 MLS
Courtesy of RE/MAX Platinum

Listing courtesy of RE/MAX Platinum.

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2205 Ashland  Street Unit 103, Ashland image
2205 Ashland Street Unit 103, Ashland $1,000,000

Fantastic Opportunity to own a commercial investment in Ashland! Commercial condominium for sale with a solid tenant until 2023. Newer building built in 2008 with off str...

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  • 102985099 MLS
Courtesy of RE/MAX Platinum

Listing courtesy of RE/MAX Platinum.

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1465 SE PARKWOOD  DR, Roseburg image
1465 SE PARKWOOD DR, Roseburg $70,000

Stunning views on this ready to build lot in Skyline Terrace. Build your dream home. Utilities are available and ready to be connected.

  • 19076281 MLS
Courtesy of Premiere Property Group, LLC

Listing courtesy of Premiere Property Group, LLC.

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 © 2021 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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