Portland Foreclosures

Portland Foreclosures

Foreclosures are becoming less frequent in the Portland real estate market. There are 3 stages of foreclosure properties, and this page focuses on post-foreclosure bank owned (REO) properties. A foreclosed property may offer an excellent value to the buyer. A REO agent can help you buy or sell a home that has been foreclosed.

The foreclosure is a public event on the courthouse steps. Anyone can attend a foreclosure auction, but in order to bid, you must have the cash on hand. If you are interested in buying at the foreclosure auction with a loan, please give me a call 503-810-2219. You will need some down payment 15 to 25%, but if you meet the lenders underwriting criteria, you will not have to take all cash to the auction.

Short sales are pre-foreclosure properties. A short sale occurs when a homeowner sells his or her house for less than what is owed on the property and the bank approves the sale and takes the loss.

The best deals are the houses that are sold at the foreclosure auction, then come bank owned properties, then short sales and then normal retail sales.

Search Results

3 Listings found with the following criteria:

Property type and category like any
CONDO, DETACHD, ATTACHD
Foreclosure status
Bank Owned
City
Portland
Narrow your search
$430,000
1,606 ft²
3 Bed
2.0 Bath
$414,000
1,448 ft²
2 Bed
1.0 Bath
$379,900
941 ft²
2 Bed
1.1 Bath

3 Listings found with the following criteria:

Property type and category like any
CONDO, DETACHD, ATTACHD
Foreclosure status
Bank Owned
City
Portland
Narrow your search

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