If you are looking to find some of the best values in the Portland Oregon Real Estate market, foreclosures (or bank owned or REO properties as they are also called), should be at the top of your list.  With this in mind, it is important to be prepared so that when you find a great buy, you are ready to make a move.

The frst thing to have ready is your payment.  If you will be paying with cash, be prepaed to show the seller that you have the funds available.  You can use a financial statement that shows your name and account balance on it while blacking out the account numbers for security.  If you are going to use financing, have your pre-approval dne ahead of time.  One note on financing; many banks that own foreclosures will want you to qualify with their own mortgage department before writing an offer.  You don't have to use their lender, but the bank wants to make sure that you qualify for a loan by their guidelines.  This might not happen, but don't be surprised if it does.

While the overall market is slow in Portland, the best deals still sell quickly.  If you are serious about buying a Portland Oregon Foreclosure, make sure that you are keeping a close eye on the market and are in contact with your agent so that you can identify opportunities as they become available.  If you would like to receive a free list of Portland Oregon Foreclosures, please fill out the form at the bottom of the page and I will get the list ready for you right away.

There is a lot of information available aout buying and selling homes in the Portland Oregon Real Estate market.  For more information, please visit the website of Portland Oregon Foreclosures expert Adam Highton or give me a call at (503) 484-7370.