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
Ranch Style home in MYRTLE CREEK, OR this is a Lease Hold with a fixer that features 3 bedrooms and 1 bedroom , this home has had some renovations started, built in 1953...
- 3 Beds
- 1 Baths
- 20641084 MLS
Listing courtesy of Owners.com.
Just Listed! 0.66 Acre Flat/Level Lot in Sought After Junction City Location. Per bank owned seller disclosure, "seller will not complete any repairs to the subject pro...
- 20067815 MLS
Listing courtesy of Keller Williams Realty Eugene and Springfield.
Recently renovated home in quiet neighborhood in the Southwest Hills. Featering vaulted ceilings, all new flooring, new stainless steel appliances and a bar area. Master...
- 3 Beds
- 2.1 Baths
- 20621643 MLS
Listing courtesy of Keller Williams Realty Eugene and Springfield.
Take in all the amazing views of the Applegate River from the expansive deck and soaring windows in this 3 bedroom, 4 bathroom 6850 sq. ft. home* on 2.66 acres. Main lev...
- 3 Beds
- 4 Baths
- 3011898 MLS
Listing courtesy of Windermere Van Vleet & Assoc2.
Charming one level home in Thurston features 3 bedrooms, 2 bathrooms, open living area, spacious and bright kitchen with cozy nook. Close to shopping and access to I-105/...
- 3 Beds
- 2 Baths
- 20077634 MLS
Listing courtesy of United Real Estate Properties.
Single level home ready for your fresh ideas. Great separation of space with garage conversion to family room. Spacious utility room. Large detached shop in back with ...
- 3 Beds
- 2 Baths
- 20156529 MLS
Listing courtesy of RE/MAX Integrity.
River front property! Full kitchens on both levels. Stand in this house, look around & think about all the people who have walked through these doors over the last 130+ y...
- 7 Beds
- 2 Baths
- 20590660 MLS
Listing courtesy of Emerald Valley Real Estate.
LARGE LEVEL LOT! Great location for growing a garden of flower & vegetables. 1-Story, 1056 sq. ft. 3 bedrooms, 1 bath, built in 1966, 4.08 acres, well water & septic.
- 3 Beds
- 1 Baths
- 20182656 MLS
Listing courtesy of Seashore Real Estate.
Mature Central Point neighborhood. 4 bedroom 2 bath home. Covered patio and fenced backyard with room for a garden area. Nice sized bedrooms. This is a Fannie Mae HomePat...
- 4 Beds
- 2 Baths
- 3011506 MLS
Listing courtesy of Keller Williams Realty Southern Oregon.
All new heating system installed. This property is eligible under the Freddie Mac First Look Initiative through 3/29/2020. Buyer to verify all pertinent info
- 2 Beds
- 1 Baths
- 20302229 MLS
Listing courtesy of Keller Williams Realty Eugene and Springfield.
1992 manufactured home features vaulted ceilings, spacious kitchen, 3 bedrooms and 2 bathrooms. Master suite with bathtub, shower and large walk-in closet is on one side ...
- 3 Beds
- 2 Baths
- 20407588 MLS
Listing courtesy of United Real Estate Properties.
Two bedroom home 1 bath located within walking distance to shops and schools.
- 2 Beds
- 1 Baths
- 20183650 MLS
Listing courtesy of Keller Williams Realty Umpqua Valley.
Opportunity knocks. Great opportunity here, minor repairs would yield major increase in value. Located in as this in an established neighborhood. Fenced yard, RV parking,...
- 3 Beds
- 2 Baths
- 20382443 MLS
Listing courtesy of Keller Williams Realty Umpqua Valley.
Wonderful updated 3 bedroom 2 bath ranch style home overlooking city featuring new kitchen cabinets, SS appliances, carpet and LVP flooring, interior and exterior paint a...
- 3 Beds
- 2 Baths
- 20424381 MLS
Listing courtesy of RE/MAX Integrity.
3 bed 2 Bath home, single level home within walking distance of schools and close to all services and shopping. Just a few min from I-5 corridor.
- 3 Beds
- 2 Baths
- 20666406 MLS
Listing courtesy of Keller Williams Realty Umpqua Valley.
Spacious 4 bedroom, 2 bath 1848 sq. ft. (per FHA Appraiser 1856 sq ft) home. Living room features vaulted ceilings and laminate floors, formal dining room with built in c...
- 4 Beds
- 2 Baths
- 3011008 MLS
Listing courtesy of Windermere Van Vleet & Assoc2.
Large lot at the end of the road with beautiful tree cover. Lot is terraced in the back. This home features a large master suite, a mid century modern feeling and attach...
- 3 Beds
- 2 Baths
- 20331633 MLS
Listing courtesy of Emerald Valley Real Estate.
Nicely freshened with new carpet, interior paint, garage door, deep cleaned, kitchen faucet and sink, and updated door hardware and light fixtures. Recessed lighting, kit...
- 3 Beds
- 2.1 Baths
- 20180437 MLS
Listing courtesy of White Star Realty, Inc.
Upcoming pre-foreclosure auction! Exclusive Xome Property. NO BUYERS PREMIUM! Auction properties are sold AS IS without any guarantee or warranty by seller. Property may ...
- 3 Beds
- 1 Baths
- 20561688 MLS
Listing courtesy of eXp Realty, LLC.
Nice 2 story 4 bedroom 2.5 bath home on a quiet street in East Medford. This home features a large kichen with granite countertops, stainless steel appliances, a large gr...
- 4 Beds
- 3 Baths
- 3010890 MLS
Listing courtesy of Keller Williams Realty Southern Oregon.
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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