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

$224,900

32 Beds ⋅ 2 Baths ⋅ 220191041 MLS

3 Bedroom 2 bathroom manufactured home on a large lot near Shady Cove. There is a detached carport and a nice side yard. Inside has an open floor plan, and an eat-in kitchen with ample storage. The home offers a split floor plan with a large primary suite including a roomy closet and a well-appointed bathroom on one side of the house. Two more bedrooms and a bathroom are on the other side. Lots of potential.

20430 Highway 62, Shady Cove

Listing courtesy of RE/MAX Integrity.

$175,000

3 Beds ⋅ 3 Baths ⋅ 220190702 MLS

The list price is not indicative of seller's final reserve amount. This property is part of an online bidding event; please visit Auction,com to place bids. Inspections of this property and contact with occupants are strictly prohibited. Property is sold ''as is'' and no for sale sign allowed. This 3 bedroom 2.5 bath townhome is located in Chautauqua Trace neighborhood. Large kitchen with pantry. 4th room could be used as office, formal dining room or a 4th bedroom with attached half bath. It has a 1 Car attached garage.

118 Brooks Lane, Ashland

Listing courtesy of Action Realty.

$275,000

2 Beds ⋅ 1 Baths ⋅ 220190701 MLS

This charming 2 bedroom 1 bath home is conveniently located in the suburbs. Large country kitchen with dining area. The finished attic could be used for a 3rd bedroom. Beautiful lot has .48 acres. 30x49 shop plus a detached garage and multiple other outbuildings.

3142 Summers Lane, Klamath Falls

Listing courtesy of Action Realty.

$385,000

3 Beds ⋅ 2 Baths ⋅ 220190529 MLS

This beautiful 3 bedroom 2 bath home has a shop and is located in the suburbs! The home has had many updates and the interior was just repainted. Nice kitchen with new stainless-steel appliances and new flooring. Large living room has gas fireplace. Forced air heat and air conditioning. The metal shop is insulated and has a separate office space. Large .35 acre lot with privacy fencing and KID irrigation. There is a concrete patio in the back and a shed. This is a HomePath property.

4430 Laverne Avenue, Klamath Falls

Listing courtesy of Action Realty.

$379,000

3 Beds ⋅ 2 Baths ⋅ 24488809 MLS

Wonderfully updated home with corner lot location. Very open and spacious rooms which are light and bright. This inviting home offers a covered back patio/ deck area, a storage shed and a covered carport.

4970 MORELY LOOP, Eugene

Listing courtesy of RE/MAX Integrity.

$449,900

3 Beds ⋅ 2 Baths ⋅ 24161510 MLS

If old homes give you goose bumps, then come explore 415 Spring Creek Drive. The living room has gorgeous oak floors & a floor hearth fireplace. The kitchen features bright white cabinets, a brand new stove, and butcher block counters. The laundry room has access to the back yard. The main level features either three bedrooms or two bedrooms and a media or family room. This flexible space is located in the back of the house and has a large sliding door to a brand new 10x20 deck. Upstairs you will find a huge bedroom with built in drawers, recessed into the walls. Adjacent to the bedroom is a loft area which would be great as an office or sitting area off of the primary bedroom. Take the entire upstairs as your adult sanctuary space with two deep windows large enough to sit in. 108 years of glorious history await you in this beautiful home.

415 SPRING CREEK DR, Eugene

Listing courtesy of Emerald Valley Real Estate.

$125,000

220190156 MLS

Situated in Ashland, close to Emigrants lake, this lot consists of 25.68 acres. (Map and tax lot 402E06100) Nicely treed, this property features large, old trees. Owner may carry. Access is undetermined. Listing agent is related to selling company's manager. All information is deemed reliable, but not verified or guaranteed.

Siskiyou Highway, Ashland

Listing courtesy of John L Scott Real Estate Grants Pass.

$278,460

3 Beds ⋅ 2 Baths ⋅ 220190074 MLS

Offers to be placed on Xome. Interior inspections are not available, do not trespass! Forward all inquiries and questions to Xome Customer Service. NO REPRESENTATION TO VALIDITY OF INFORMATION IS MADE, BUYER TO VERIFY ALL INFORMATION WHERIN. Contact listing agent for property link.

3354 Elmira Road, Eugene

Listing courtesy of Realty Services Team.

$352,500

2 Beds ⋅ 2 Baths ⋅ 24064429 MLS

Lovely home in Middlefield Living Estates. Next to Middlefield Golf course. Wonderful neighborhood of well kept homes, this well thought out floor plan offers expansive living areas with walls of windows overlooking common areas. Formal and informal dining rooms. Large kitchen with lots of storage. You will love having a large office with a wall of built in desks and cabinets. Large deck across the back of the home includes a spacious covered area for outdoor dining and entertaining.

121 TYSON DR, Cottage Grove

Listing courtesy of RE/MAX Integrity.

$125,000

3 Beds ⋅ 2 Baths ⋅ 220190010 MLS

The list price is not indicative of sellers final reserve amount. This property is part of an online bidding event; please visit Auction,com to place bids. Inspections of this property and contact with occupants are strictly prohibited. Property is sold ''as is'' and no for sale sign allowed.'' The similarities in home styles can foster a sense of community, while the nearby highway allows for easy access to amenities and adventures along the river. Auction dates: 10/06/2024 to 10/08/2024.

411 Placer Street, Rogue River

Listing courtesy of Action Realty.

$286,000

3 Beds ⋅ 2 Baths ⋅ 220189906 MLS

GREAT VALUE 3 BEDROOM 1.5 BATH HOME WITH DETACHED GARAGE, HUGE LAUNDRY ROOM WITH CABINETS, PARKING IN FRONT AND PAVED DRIVE TO BACK GARAGE, APPEARS TO BE A VERY LOW MAINTENANCE LOT AND GREAT LOOKING NEIGHBORHOOD!

1171 NE 10th Street, Grants Pass

Listing courtesy of Century 21 Team Realty.

$750,500

3 Beds ⋅ 2 Baths ⋅ 220189644 MLS

Opportunity abounds!!! Come check out this 1929 built home situated on almost 1 acre close to services and the college. See all the charm that comes with this era of home, inside and out. There is a large barn and the beginnings of a backyard oasis. This property offers a 2 car attached garage with a bonus area above as well as a single car detached garage. Step inside to enjoy the decorative architecture with arched windows and doorways, hardwood and tile floors and a basement area. Large primary suite offers access to back yard. Bring your ideas and your toolbelt and make this place shine again.

805 Hillview Drive, Ashland

Listing courtesy of Realty Services Team.

$158,000

3 Beds ⋅ 2 Baths ⋅ 24276764 MLS

Double wide manufactured home, offering RV parking, large kitchen, and 3 bedrooms. Master bedroom has a connected bathroom with a "parents retreat." Bring your tools and get ready to make this home your own!

4207 HANNA ST, Roseburg

Listing courtesy of Keller Williams Southern Oregon-Umpqua Valley.

$345,000

4 Beds ⋅ 2 Baths ⋅ 220189150 MLS

Wonderful home in a Gorgeous Gated 55+ Community. HOA community amenities offer a clubhouse, pool, tennis court, gym, gated community, and RV parking for its homeowners. Welcome to this charming, one-level 4 bedroom, 2 bath home located in a vibrant and fun 55+ gated community. As you pull up, you'll immediately feel at home with its inviting curb appeal. Step inside to discover an expansive living space enhanced by high ceilings, making this already spacious home feel even larger. The kitchen is a cook's dream, featuring elegant granite countertops and a large peninsula perfect for casual dining. A convenient pantry offers extra storage, and the sliding glass door off the kitchen invites you to step out to the beautifully upgraded backyard, perfect for outdoor entertaining. Retreat to the large master suite, where you'll find an amazing jetted soaking tub, a huge walk-in shower, and all the space you need to unwind

238 Cedar Brook Lane, Cave Junction

Listing courtesy of Kelly Right Real Estate.

$137,500

1 Beds ⋅ 1 Baths ⋅ 24590119 MLS

Investors, check out this Canyonville opportunity! This cute cottage is located less than 1 mile from Seven Feathers Casino and Hotel and includes a fenced back yard and 1 car garage. With new floor coverings and a few minor touchups, this one will be ready to go. Add this one to your rental portfolio or begin your homeownership journey with this affordable home.

132 WILSON ST, Canyonville

Listing courtesy of Keller Williams Southern Oregon-Umpqua Valley.

$359,900

4 Beds ⋅ 2 Baths ⋅ 220189029 MLS

This 4 bedroom 2 bath home is located in Henley has 3.52 acres. Home has had many updates to the kitchen and both bathrooms. There is a heat pump with AC and a pellet stove. Large metal shop/garage building and a 2 stall barn. It has KID irrigation and fenced yard.

7770 Elliott Road, Klamath Falls

Listing courtesy of Action Realty.

$429,000

3 Beds ⋅ 2 Baths ⋅ 220188902 MLS

Beautiful single level house in the Sterling Heights neighborhood of East Medford, with a floor plan that allows for great natural lighting. 1500 sqft of living space, 3 bedrooms, 2 bathrooms, 420 sqft garage, and RV parking complete with all hookups on the side of the house. This home has been immaculately maintained over the years and exemplifies pride of ownership. Newer roof, water heater, dishwasher, microwave, disposal, and the furnace is only about 1 year old. Yards and landscaping also meticulously maintained, timed sprinklers in front and back, and a split level patio in the backyard that is great for summer bbq's and visitors. Primary bedroom boasts a beautiful bay window, double vanity, and large closet. Conveniently located minutes away from shopping, schools and many other amenities. Don't miss out on your chance to see this beautiful, rare gem in East Medford.

3348 Delta Waters Road, Medford

Listing courtesy of Cascade Hasson Sotheby's International Realty.

$300,000

2 Beds ⋅ 2 Baths ⋅ 24614149 MLS

Occupied property, do not trespass. What a great opportunity to own a home with 124 years of history!Purchasers may use any lender they chose to finance the purchase of a property. However, the seller requires that all non-cash offers must be pre-qualified by Caliber Home Loans, Inc. prior to offer acceptance. For the free pre-qualification, contact Samuel Williams at (971) 209-4261 or samuel.williams@newrez.com

140 S 17TH ST, Cottage Grove

Listing courtesy of Emerald Valley Real Estate.

$68,000

3 Beds ⋅ 2 Baths ⋅ 220188625 MLS

This doublewide manufactured home is located in Stewart Lennox just outside of town. It has 3 bedrooms, 2 bathrooms. Large lot with 1.01 acre.

5275 Mahan Avenue, Klamath Falls

Listing courtesy of Action Realty.

$269,900

3 Beds ⋅ 2 Baths ⋅ 220188479 MLS

Don't miss out on this recently remodeled home just outside of Bonanza. This 1782 sq ft 3 bedroom 2 bath home sits on 2.14 acres. The interior has been completely painted, new flooring and appliances. The primary bedroom has a walk-in closet soaker tub and separate shower. This property is not very far off Bly Mtn Cuttoff

6151 Teal Drive, Bonanza

Listing courtesy of Keller Williams Realty Southern Oregon.

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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. Last updated: