Beaverton Homes in Foreclosure

Check out Beaverton Homes in Foreclosure. I found this great home in the Sexton Mountain neighborhood. Priced very well at $369,687. Boasting over 2000 sq ft and 4 bedrooms this home is next to the desirable Cooper Mountain, Murray Hill, and Greenway neighborhoods. Close to shopping, transit, and parks this area seems to be a good place to buy.

FREE Foreclosure List - AUCTION ALERT

Click the image to the left to sign up for AUCTION ALERT. This will send you notification every time a foreclosure in Beaverton (or other areas you choose) comes on the market. When you go to the sign up page just tell us what area and what price range you are looking in and you will get a more precise list. This is a great place to start. Then check out Bank Owned homes. Retail homes after that.

What to look out for while buying a foreclosure

1. Repairs: Roof, appliances,Air Conditioner,termites,mold,and structural damage need to be carefully inspected. Banks sell these homes in “AS IS” condition.
2. Back Taxes: Check with the county in regards to back taxes owed.
3. Special Contracts: Majority of Banks insist you use their contract “To Purchase”,
4. High closing costs: Negotiate for the Bank to pay for Buyers Closing Costs.
5. Repair Costs: Have someone who can give you a “Dollar Amount” on what it costs to repair the home you. Add that to the budget.

My Thoughts

I feel that buying a foreclosed home in Beaverton or anywhere else really can be a really good investment. However Foreclosures are a whole different animal when it comes to buying or selling. I would advise that you have a Realtor that has experience in Foreclosures. Most of the time foreclosures end up being short sales. Short Sales will average between three to six months. Unless the bank is local and then it will be a little bit faster. Channel 8 News reported that one out of 12 mortgages are behind on payments or in default. This means that Portland is going to have a large inventory of Foreclosures probably until 2012. Well that’s my prediction anyway. Just last September The Atwater Pl auctioned off 40 luxury condos on the South Waterfront. This was a good thing since Portland is drowning in condos. I guess my point is that homes in every price in nearly every neighborhood of the Portland Metro area has distressed properties.

SEARCH ALL HOMES IN PORTLAND METRO FOR FREE

Thank You for taking the time to read my blog and good luck on your search for a new home and if you have any questions about foreclosures or distressed homes just shoot me an email.

Cheers,
Aaron Majors

About the Author | Aaron Majors

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Born and raised in Alaska, Aaron came to Portland after serving in the U.S. Marine Corps. Aaron enjoys the outdoors, volunteering, teaching, learning, and being active in the community. Always loving architecture and buildings, it seemed natural that Aaron's passion became Real Estate. He is a member of the Portland Metropolitan Association of Realtors, National Association of Realtors and is always continuing his Real Estate education. He sells Real Estate in the Portland metro area and specializes in selling Homes and has an extensive background in foreclosures, Home Auctions, Short Sales, Bank Owned homes, and investments.