Sell your house fast in Oregon

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The Foreclosures In Portland, Oregon.

“A foreclosure is a legal process by which a lender attempts to recover the amount owed on a default loan by taking ownership of and selling the mortgaged property. Typically, default is triggered when a borrower misses a specific number of monthly payments, but it can also happen when the borrower fails to meet other terms in the mortgage document.” Investopedia

In Oregon, a Foreclosure may be in court or out of court depending on the terms of the loan agreement. Federal laws and state laws grant rights and responsibilities to both parties, debtors, and creditors.

Generally, a lender cannot start a foreclosure before 120 days after his borrower has stopped making payments, the law requires lenders to inform debtors of the ways in which foreclosure can be avoided.

In the judicial process, the lender has to file a lawsuit in court, the debtor receives a notice from the court to take the necessary steps to avoid opening a trial. If the court determines that the lender can act on the property, a judgment is issued so that the house is sold and the credit institution can recover the home value.

Non-judicial process. In Portland and in the state of Oregon many residential foreclosures are conducted out of court, this is because a Power to Sale right to sell clause is included in the loan agreement. The Power of Sale clause authorizes a lender to sell a property in the event of default on the mortgage payment, thus the lender has the opportunity to recover the value of the credited debt.

Whatever the mode of the Foreclosure, banks or lenders have the right under the law to sell a property when a borrower has defaulted on payments for more than 120 consecutive days.

The truth is that the indebted owner also has rights and possibilities to get out of the problem without affecting his credit history and the possibility of acquiring loans in the future.

What To Do To Avoid A Foreclosure In Portland?

If you are about to face foreclosure because you have stopped paying your home loan, act as soon as possible to avoid a possible awful situation. First, talk to your bank or credit institution to find out if they have any assistance program, or perhaps they would be willing to negotiate the overdue months. 

Some lenders agree to move late payments to the end of the loan, so, borrowers can restart doing monthly payments as if they were up to date, obviously, you have to pay the fines and interest on the late payments.

The City of Portland website has information that guides homeowners to avoid foreclosure. Similarly, information is found on the Oregon state page

Oregon has legal aid programs for people with low income or who have lost their income, especially now, when we are experiencing the effects of the coronavirus.

In Portland, there are law firms that specialize in real estate matters and have a lot of valuable information on how to avoid a Foreclosure

The coronavirus pandemic has caused great economic damage, many people are unemployed in Portland. Statistics show that until May 2020 the unemployment in Portland reached 14.7%, being 10.4%, more than the same period last year.

Lately, we have seen events in our country that added to the pandemic affect our daily way of life. The unfortunate events that sparked massive protests in Portland and across the country also contribute to the economic imbalance. 

If you are behind on your mortgage payments or have a legal problem involving your home, such as more than three years of not paying property taxes, it means that you are about to face foreclosure.

At Better Off Home Buyers we help you to quickly get out of the possibility of a foreclosure process, losing your house, fines, interests, taxes, and lowering your credit score as a result of a Judgment.

We Buy Your Property, Even If You Are In A Foreclosure Process.

Today we wanted to talk about the Foreclosure Proceedings because sadly it is a reality that many homeowners currently live in Portland and across the country. 

The COVID-19 has caused many homeowners to be out of work, others have been notified by their tenants that they cannot continue paying rent.

At Better Off Home Buyers, we are receiving calls from people who have not been able to meet their mortgage payments for the last three months, if we take into account the panorama that is coming with the increase in contagions of the coronavirus, the Oregon state rules for to handle the crisis, the CDC regulations, one can imagine a more serious situation for the months to come.

As we say at the beginning of this publication, it is necessary to act quickly, information is key to find out all the possible alternatives to avoid a Foreclosure.

But whether you are already facing a foreclosure, or simply you have a few months behind with your mortgage payments. Better Off Home Buyers buy your home.

If your tenants cannot pay the rent and this is putting you in a difficult financial situation, Better Off Home Buyer buys your home.

Take the bull by the horns. Selling your property prevents you from facing a Foreclosure and all the associated negative consequences. In all cases that include one of foreclosure, liens, taxes, personal credit reports are negative. These negative credit reports cause multiple impediments to request bank loans during the following seven years at least.

Many people resign themselves to losing their property and do nothing to find out about the consequences that a Foreclosure brings. If you need information about this, call us at (503) 212-9641 without obligation and we will be happy to guide you in what is within our reach. 

Also, you can get information from real estate attorneys, the city of Portland, Multnomah County and the state of Oregon, on the websites they have valuable information about prevention and how you can avoid foreclosure.


There are multiple reasons why a property is forced to enter a legal process that authorizes its forced sale.

In the same way, there are multiple reasons why a person or a company stops paying for a property. But it is true that every problem has a solution. 

Better Off Home Buyers want you to consider us as a solution.

Legal processes are the last part of losing a property path. 

People at the time of foreclosure are already emotionally worn out. If you are facing a foreclosure where you will lose your home, or at this time you are behind on mortgage payments. Take action,  doing something, at least can get one good thing out, of all the bad that comes with facing foreclosure.

House Buying Company in Portland

Contact a professional home buyer like Better Off House Buyers, we will work the numbers with you, so we will present you a win-win offer.

Selling your house to an investor prevents a negative report from appearing on your credit score. Things change in life, in the future you will be back on your feet and you’ll need the credit tool to be able to continue moving forward in the realization of your dreams.

Fill out the form on this page or call us at (503) 212-9641


Hi, I'm Scott Dalinger a real estate investor in Portland, Oregon. I focus on helping homeowners and rental property owners out of negative situations by offering cash for their property. I research and write about real estate on my business website.

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