Welcome to Southern Oregon Bank Owned Homes and REO Properties. If you are looking for bank owned properties in Southern Oregon you have come to the right place.

This website will help you to learn more about the process of buying a bank owned home, and what you should know before you make an offer. Like anything in life, the more informed you are the better you are equipped to make the best decision. Bank owned properties offer superior values and competitive market pricing. But before you make an offer on a bank owned home you should know about a few things that may give you an edge over other buyers.

We offer a free list of current featured bank owned homes in Medford, Ashland, and all over Southern Oregon. Check out our list to see some amazing homes. We update this list daily.

Lastly, we offer information about financing bank owned homes in Southern Oregon. From basic mortage info to custom programs just for bank owned home financing - we have you covered!

WHAT ARE BANK OWNED HOMES, AND HOW DO THEY DIFFER FROM SHORT SALES?

Homes become bank owned when the homeowner is not able to make their mortgage payments and the home goes through the foreclosure process. In some cases these homes are sold at auctions. But in other cases they either do not sell at auction or the bank feels that the property is worth more than what it can draw from an auction. Bank owned homes are then listed with specialized Realtors who are trained in detail on how to assist people looking to buy them.

A Short Sale differs from the above. Some home owners who face foreclosure will work with their banks to sell the homes prior to them going into formal foreclosure. Short Sales are quite different, and the process of making an offer is quite different. Short Sale homes also offer fantastic values. If you would like to learn more about Short Sales, please visit: www.SouthernOregonShort Sales.com

BUYING BANK OWNED - THE OFFER PROCESS

Our team of experienced Realtors can assist you to find, evaluate and purchase bank owned homes. Due to the high demand from buyers interested in these REO (bank owned) properties, potential buyers must be competitive in making offers. This doesn't just mean considering a competitive offer price. Buyers who are fully aware of how the process of buying a bank owned homes works already have an edge. This is due to the fact that offers on bank owned properties must be submitted in a very specific manner.

THINGS TO CONSIDER FOR POTENTIAL BUYERS

Anyone interested in buying bank owned homes in Southern Oregon should first consult with an experienced Realtor who has earned  experience in successfully assisting buyers in purchasing bank owned properties. The reason is simple. As a buyer you must compete with other buyers. If your Realtor is experienced with bank owned homes, your offer will be made and submitted correclty and you will be fully prepared in advance once you locate the perfect home for you or your family. An educated buyer has a serious advantage. You can have that advantage on your side. Contact us today to learn more about how you can be one step ahead of other buyers. Our easy to understand information is free and there is never an obligation.