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
Built in 2019, Beautiful corner lot home. Hurry this one won't last. located in a very desirable location. Popular Lincoln elementary school area. single level 3bed 2 ba...
- 3 Beds
- 2 Baths
- 220109697 MLS
Listing courtesy of Coldwell Banker Pro West R.E..
HUGE home on acreage at edge of town! Space behind home for garage or shop. Private and secluded. Bring your tools and bring this home back to life!
- 4 Beds
- 3.1 Baths
- 20515354 MLS
Listing courtesy of Oregon Professional Real Estate Group.
Loaded with character and warmth, this is the Greentrees Village home you have been waiting for in a 55+ community. This double wide manufactured home with it's private g...
- 2 Beds
- 2 Baths
- 20075639 MLS
Listing courtesy of Mal & Seitz.
Well maintained home in a 55+ community. Community offers club house, pool, tennis courts and gated security. Home is a 4 bedroom 2 bath with approximately 1930 square f...
- 4 Beds
- 2 Baths
- 220109143 MLS
Listing courtesy of John L Scott Real Estate Grants Pass.
Large lot ready for your new home! Previous home burned and has been cleaned up. Good location. Underground pool in unknown condition.
- 20011045 MLS
Listing courtesy of Keller Williams Realty Umpqua Valley.
Geodesic Dome Style home in Elmira, OR, if you like angles then this major fixer is for you. Come take a look at this one sitting on 4+ acres, featuring 4 bedrooms and 2 ...
- 4 Beds
- 2 Baths
- 20641400 MLS
Listing courtesy of REALHome Services & Solutions, Inc..
One level, 3 bedroom-1 Bath home on over 1 acre of pasture friendly land. Perfect for horses or livestock. Right in the heart of the Lookingglass Valley, historic, and de...
- 3 Beds
- 1 Baths
- 20663260 MLS
Listing courtesy of Keller Williams Realty Umpqua Valley.
Great home with large garage in the suburbs! 3 bedroom home has 1269 sq. ft. and has had some updates in the kitchen and bathroom. New interior and exterior paint. New ca...
- 3 Beds
- 1 Baths
- 220106331 MLS
Listing courtesy of Action Realty.
Nice country setting with a 2 bedroom 1 bath home a detached garage, large wrap around porch all on over 8 acres. This is a Fannie Mae HomePath property.
- 2 Beds
- 1 Baths
- 220106320 MLS
Listing courtesy of Keller Williams Realty Southern Oregon.
A nice timbered parcel, nearly an acre in size. A 5-minute walk to Cooper Creek Reservoir & main boat ramp. Corner of Ridge Water and Lakeview Drive. Nice homes in the ar...
- 20595471 MLS
Listing courtesy of Berkshire Hathaway HomeServices Real Estate Professionals.
1991 manufactured home offering 1809 square feet with 3 bedrooms and 2 bathroom home on 1 acres. Buyer due diligence for this is a limited representation listing. Cash ...
- 3 Beds
- 2 Baths
- 20164906 MLS
Listing courtesy of Legend Real Estate Services.
Older home with over 1700 sqft of living space on over 9 acres, with 2 bedrooms, 1 bath. This is a Fannie Mae HomePath property.
- 2 Beds
- 1 Baths
- 220105501 MLS
Listing courtesy of Keller Williams Realty Southern Oregon.
New construction with elevated lake views! Enjoy the warmer, peaceful climate of Triangle Lake in your new home, near the public boat ramp and Resort, with high speed int...
- 3 Beds
- 2 Baths
- 20396501 MLS
Listing courtesy of TR Hunter Real Estate.
Cottage Style home in Drain, OR is a fixer that features 3 bedrooms and 1.5 bathrooms, updated kitchen,fireplace in the family room, multiple porches, some updates thru-o...
- 3 Beds
- 1.1 Baths
- 20262892 MLS
Listing courtesy of REALHome Services & Solutions, Inc..
Single level Ranch style home on corner lot provides easy I5 access. Proximate to schools, shopping amenities and house of worship.
- 3 Beds
- 2 Baths
- 20068281 MLS
Listing courtesy of Berkshire Hathaway HomeServices Real Estate Professionals.
3 bed one bath home with a built-in swimming pool, located on the west side of Roseburg in a well-established neighborhood. a lot of opportunity with this property! A mus...
- 3 Beds
- 1 Baths
- 20552799 MLS
Listing courtesy of Keller Williams Realty Umpqua Valley.
Nice corner lot in Oregon Shores. Build your home or put a manufactured home. HOA fee includes yearly water usage, road maintenance and access to the 17 acres recreationa...
- 220103862 MLS
Listing courtesy of Century 21 Showcase, Realtors.
Timbermill Shores mixed use development lot bordering Lake Ewuana. This development features landscaped streets, geothermally heated sidewalks a bike/walking path and muc...
- 220102460 MLS
Listing courtesy of Rookstool Moden Realty Llc.
Large 4 bed 3 bath Melrose home with stunning distant mountain views to enjoy while lounging in your very own swimming pool. Direct all interested parties to for biding i...
- 4 Beds
- 3 Baths
- 20342649 MLS
Listing courtesy of Keller Williams Realty Umpqua Valley.
Raised Ranch Style home in Roseburg, OR this fixer features 3 bedrooms and 2 bathrooms, front porch, multi-level deck, fenced yard, 1 car garage. Built in 1976, buyer to ...
- 3 Beds
- 2 Baths
- 20682028 MLS
Listing courtesy of REALHome Services & Solutions, Inc..
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