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
Here's your new home for the New Year! Don't miss this sweet 3 bedroom, 2 bath home in popular, 55+ gated Briarwood Park! Features include vaulted living throughout, go...
- 3 Beds
- 2 Baths
- 20001719 MLS
Listing courtesy of Windermere RE Lane County.
Nice 2 bedroom 1 bath home in a 55+ community in Rogue River. This home features an attached carport and shed and a covered patio and a nice kitchen. This is a Fannie Mae...
- 2 Beds
- 1 Baths
- 3009537 MLS
Listing courtesy of Keller Williams Realty Southern Oregon.
Prime Mercer Lake frontage, 249 feet on Dowell's Peninsula w/ private dock, Covered boat Slip2073 sq ft Garage will accommodate 47 ft RV, 3 cars & Toys. This 4788 sq ft h...
- 3 Beds
- 4.1 Baths
- 20673827 MLS
Listing courtesy of Keller Williams Realty Eugene and Springfield.
Large kitchen with full island is included in this home which features a great room concept. In addition to the great room, there is a really large living room. The mas...
- 3 Beds
- 2 Baths
- 20257843 MLS
Listing courtesy of Emerald Valley Real Estate.
Wonderful south hills home featuring covered porch, large back multi-level decks, fenced yard and large tool shed. Split level design. The 1,231 sq ft finished basement c...
- 0.1 Baths
- 20169837 MLS
Listing courtesy of RE/MAX Integrity.
Cute 3 BR 1 BA bungalow with hardwood flooring, level, fenced front yard and small garage/shop area for your projects. Loft area above garage shop for extra storage.Prope...
- 3 Beds
- 1 Baths
- 20032161 MLS
Listing courtesy of Home Quest Realty.
Very nice home on 1.88 treed acres. The home features, a 3 car garage, 2 master bedrooms, 2 other bedrooms, 3 full baths vaulted ceiling a beautiful fireplace, granite ti...
- 4 Beds
- 3 Baths
- 3009479 MLS
Listing courtesy of Keller Williams Realty Southern Oregon.
Looking for a place to call home in the country? This spacious 1781 SF 3BR 2 BA manufactured home, is situated on 12.57 wooded acres! Enjoy room for RV, Shop/garage and p...
- 3 Beds
- 2 Baths
- 20390037 MLS
Listing courtesy of Home Quest Realty.
Looking for a two family set up...This spacious 4 bedroom 3.5 bath home is adorned with covered decking at main level,double car oversized garage with an additional attac...
- 4 Beds
- 3.1 Baths
- 20536294 MLS
Listing courtesy of Seaboard Properties.
Great Opportunity! This home has potential and opportunity, a diamond in the rough. The living room is large with a rock fireplace and hrd wd floors. Large kitchen with p...
- 3 Beds
- 2 Baths
- 20082894 MLS
Listing courtesy of Century 21 Valley Real Estate.
Abounding potential can be found right here. Bring your imagination. At one time this property was the celebrated entertainment home of the area. Features a large in gro...
- 3 Beds
- 4 Baths
- 20311594 MLS
Listing courtesy of Berkshire Hathaway HomeServices Real Estate Professionals.
BANK OWNED! Come and grab this home quickly before it sells! What a fantastic opportunity for an investor to come and fix this home up. 2 bedrooms, 1.5 bathrooms and a de...
- 2 Beds
- 2 Baths
- 3009366 MLS
Listing courtesy of Home Quest Realty.
Do not miss this nice 3 bedroom 2 bath home featuring spacious living area and great separation of space. Located on large lot with work shop, gazebo and office space.
- 3 Beds
- 2 Baths
- 20613808 MLS
Listing courtesy of RE/MAX Integrity.
This property is now under auction terms. This property is subject to a 2% buyer's premium pursuant to the Auction Terms & Conditions (minimums may apply). All auction as...
- 3 Beds
- 1 Baths
- 20410529 MLS
Listing courtesy of RE/MAX Integrity.
Located in the high demand Florentine Estates gated community. This sprawling 1,782 square foot home has grand scale living for both casual & formal entertaining. The soa...
- 3 Beds
- 2 Baths
- 19483589 MLS
Listing courtesy of Mal & Seitz.
Adorable Cottage on 2.5 parklike acres across the street from Colonial Valley Golf Course. Approximately 1 acre is fully fenced. Enjoy the property as it is or live in th...
- 1 Beds
- 1 Baths
- 19457695 MLS
Listing courtesy of Century 21 Agate Realty.
CREEK FRONT PROPERTY! 2 FAMILY POSSIBLE HERE. HARDSHIP. Main houes is MFD-Struct 1404 sq. ft. 3 bedrooms, 2 baths, 2 detached garage built in 2004. A stick built 941 sq....
- 3 Beds
- 2 Baths
- 19135901 MLS
Listing courtesy of Seashore Real Estate.
Ranch Style home in KLAMATH FALLS, OR built in 1998, features 3 bedrooms and 2bathrooms, a traditional floor plan, with 2 car garage. This fixer sit on a nicelevel lot, w...
- 3 Beds
- 2 Baths
- 19649277 MLS
Listing courtesy of Owners.com.
Employees or directors of JPMorgan Chase & Co. and its direct and indirect subsidiaries are strictly prohibited from directly or indirectly purchasing any property owned ...
- 2 Beds
- 1 Baths
- 19335795 MLS
Listing courtesy of Oregon Real Estate Services.
Freshly remodeled, mid-century split level home, near the top of College Hill! Tile and wood floors throughout, new kitchen, bathrooms, appliances package, electrical and...
- 4 Beds
- 2 Baths
- 19455775 MLS
Listing courtesy of Triple Oaks Realty LLC.
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 © 2020 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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