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
Gorgeous location with 1.13 very usable acres. The manufactured home is a 1995 Guerdon, measuring 48x27. Cell service is good at this property. This property is in close ...
- 2 Beds
- 2 Baths
- 23607405 MLS
Courtesy of Emerald Valley Real Estate .
Prime opportunity to own a custom built home on Modoc Rd, where you will find amazing vineyards, equestrian, and great for all crops properties surrounding. This property...
- 3 Beds
- 2 Baths
- 220165281 MLS
Courtesy of Windermere Van Vleet & Assoc2 .
Priced under value for quick sale! Seller needs home sold asap! This home would be perfect for a first time home buyer or investor looking for a rental. Owner has upda...
- 3 Beds
- 2 Baths
- 220165279 MLS
Courtesy of John L. Scott Medford .
Dreaming of a property with infinite possibilities? Look no further! You will be overwhelmed as you take the drive into the property and it opens up to all it's many amen...
- 4 Beds
- 3 Baths
- 220165218 MLS
Courtesy of Invest Rite Realty Group, LLC .
Wow! EFU property with water rights and all level for your crop. Owner will consider financing for a creditworthy purchaser with 30% down at 10% interest. All utilitie...
- 220165080 MLS
Courtesy of Cates Properties .
Welcome to your new home sweet home! Located in a great area between North Medford and Central Point, this 3 bedroom, 2 bath home is the perfect place to make memories. W...
- 3 Beds
- 2 Baths
- 220164985 MLS
Courtesy of Home Quest Realty .
This super cute 2 bedroom 1 bath A frame home is nestled on 1.55 Acres in the area of Keno's Klamath River Acres 1st addition. And about 20 Minutes outside of Kl...
- 2 Beds
- 1 Baths
- 220164485 MLS
Courtesy of Advanced Agent Group .
Delightful forest and river views surround this property. Only a short drive to Mapleton or Triangle Lake, this is an outdoor person's dream. This home also features a ...
- 3 Beds
- 1 Baths
- 23144585 MLS
Courtesy of Emerald Valley Real Estate .
Come make this one your own! Cozy 3 bedroom home set in the trees. New roof, ductless heating/AC system and carpet. Buyer to verify all pertinent info
- 3 Beds
- 1 Baths
- 23096901 MLS
Courtesy of Keller Williams Realty Eugene and Springfield .
If you're looking for a peaceful and serene escape, this is the perfect place for you! Situated on just under 5 acres of land, this home offers breathtaking views from ev...
- 2 Beds
- 2 Baths
- 220164504 MLS
Courtesy of Home Quest Realty .
Clean little two BR home with large country kitchen, updated windows, large and fenced yard (3 lots). Home has a new roof, new septic and an updated bath. Several outb...
- 2 Beds
- 1 Baths
- 220163765 MLS
Courtesy of Action Realty .
This home has great views of the area, located on a paved road and long driveway (away from the road). With almost an acre, there is plenty of room to spread out! The h...
- 3 Beds
- 2 Baths
- 220163568 MLS
Courtesy of Action Realty .
Two-story home on over 1/2 acre of level land, 3BRs, 2.5 bath. Home needs paint and minor repairs. The kitchen has newer cabinets, there is a large dining area and a la...
- 3 Beds
- 3 Baths
- 220163301 MLS
Courtesy of Action Realty .
Location, Location, Location!!!!! Over 50 parking spaces. 23,000. Sq. ft building including RV Hookups. Opportunity is endless..............Full commercial kitchen, off...
- 220163115 MLS
Courtesy of Cates Properties .
Spectacular south Eugene location off of Donald. Dining area has a neat in wall fireplace. Laundry room adjacent to garage and kitchen. Full 2 car garage and large back ...
- 3 Beds
- 1 Baths
- 23130706 MLS
Courtesy of Emerald Valley Real Estate .
Tons of potential with this 3 bedroom 2 bathroom manufactured home on 5, flat acres. Home is set back off the road for privacy and offers a detached 2 car garage. Insid...
- 3 Beds
- 2 Baths
- 220162858 MLS
Courtesy of Realty Services Team .
Affordable! 1BR home with a very large bathroom. Also, there is a bonus room or office. Located conveniently near downtown for easy access to public transportation, al...
- 1 Beds
- 1 Baths
- 220162827 MLS
Courtesy of Action Realty .
A Country Feel! This home has good bones and with a little imagination and some work, this home could be everything you need. 3 bedrooms/2 baths, living room with firepla...
- 3 Beds
- 2 Baths
- 23548921 MLS
Courtesy of Century 21 Valley Real Estate .
Wonderful Floor Plan in a Cul de sac, great family home! Vaulted ceiling in the great room with lots of natural light, This home flows into the dining room & Huge Kitchen...
- 3 Beds
- 2 Baths
- 220162533 MLS
Courtesy of RE/MAX Platinum .
Looking for a private and spacious home with 4 bedrooms? Check out this charming 1995 manufactured home on a sprawling 2-acre lot.Step inside, you'll immediately notice t...
- 4 Beds
- 2 Baths
- 220161620 MLS
Courtesy of Illinois Valley Real Estate .
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