La Grande Home Foreclosures | Distressed Properties in Union County
La Grande and our outlying areas in Union County have yet to be hit with the foreclosure surge that many other areas have seen. This is in part due to the small size of our community. We never had a great many new properties built in the years preceding 2007, so we are not overstocked on inventory. However, we are seeing more foreclosed and distressed properties coming on the market. In many ways, we seem to be about a year behind other larger cities.
There seems to be a common misconception among consumers that foreclosure is synonymous with "terrific deal". This is not always the case. Foreclosed home prices are based on active, pending and sold properties just like any other home in a real estate market. The real deals begin to show themselves when a market becomes saturated with listings. This is the case whether they are foreclosures or owner occupied homes.
I work with several foreclosure companies and other agents in my office also work with different companies. If you have questions about a foreclosed property in the Union County area, please call me on my cell phone at 541-805-8274 and I will be happy to track down all the info I can about this distressed property.
Just keep in mind that you can sometimes get a better deal buying from a owner occupied home because they have so much more to loose than a bank. Banks play by their own rules, and it is not uncommon for a foreclosure lender to accept multiple offers at once in an attempt to get buyers into a bidding war. This is not possible in a standard residential sale with a home owner.
Thanks for reading and don't hesitate to call with questions!
Jeff D Clark
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