Foreclosures Portland OR
Foreclosures Portland OR Listings
Foreclosures in Portland, OR are certainly a topic of conversation amongst real estate investors and home buyers alike. As Oregon Realty Co Agents we’re here to help buyers with questions about Portland Oregon Foreclosures. With news stories of foreclosures on the rise it comes as no surprise that Portland, OR is experiencing an increase in mortgage defaults, short sale and foreclosures. Portland Foreclosures are also referred to as “REO” Properties. With the R.E.O. meaning Real Estate Owned. REO is an industry term used by many national banks to describe their own inventory. Signifying that after the bank forecloses on the property it then becomes Real Estate Owned or REO. Foreclosures Portland, OR are being purchased as investments and as places to live. However, with the increased attention being paid to Portland, OR foreclosures means that potential buyers may face increased competition from competitive bargain-hunters.