Foreclosures in Oregon

Foreclosures in Oregon

Oregon is a state of varied landscapes, with desert plains, rolling hills, mountains, lush valleys and seaside beaches.

The western one third of the state is separated from the east by the Cascade Mountain Range, and three fourths of the boundary between the state of Washington and Oregon is the awesome Columbia River.

Rainfall is abundant west of the Cascades and the area stays verdant all year. In the winter, snow covers the high desert plains and mountains.

Such diversity makes this state a desirable place to live, and foreclosures in Oregon offer prospects of owning a home for less than you would pay through the services of a real estate agency. Repossessed homes are the result of a distressed economy when lenders, in order to gain back their losses, must reclaim homes because hapless owners default on mortgages. But these same REO properties become affordable homes for buyers who are able to purchase them for the balances due the lenders.

We searched the RealtyStore database and found, at this writing, 33,635 Oregon foreclosure listings. Many of them were in Multnomah, Washington and Clackamas Counties. Cities and zip codes bearing large numbers of these cheap homes were Portland, Salem and Bend and 97701, 97007 and 97002.

From the ocean, to the majesty of Mount Hood in the Cascades, to the wide-open spaces of the eastern half of the state, Oregon has something for everyone. Be careful, if you only plan to visit the state, you just might find yourself looking at some of those foreclosures in Oregon with the intention of staying.

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