shanNdjones May 4th, 2010

In a recent article, CNN.com lists three ways to buy a foreclosure:  “Pre-foreclosure” (a.k.a. short sale); Sheriff’s Sale (i.e., at the courthouse auction); Bank-owned (REO, real estate owned).

You can read the entire article here.

But there’s another way!  Southern Oregon Foreclosures specializes in purchasing property at the foreclosure auction (the “Sheriff’s Sale”) and re-selling on the open market at or below market value.  Investors take the risk, and buyers have the advantage of not dealing with banks.

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