Savvy home buyers are already taking advantage of short sales and foreclosures in Medford, Ashland and other desirable communities in Southern Oregon, allowing them to purchase fantastic real estate at a great price. Buying foreclosures and short sales involve complex processes, which is why Hokanson Realty has specialized in this facet of real estate.
Jared Hokanson is a Certified Distressed Property Expert® (CDPE), which means he's undergone extensive training to help people understand the process, answer any questions and find them the perfect short sales or foreclosures in Medford and beyond.
Short Sales vs. Foreclosures in Southern Oregon
The past few years have made short sales and foreclosures in Southern Oregon a highly popular option for home buyers and sellers. While the two types of distressed properties are often lumped together, there are very distinct differences between the two types.
In real estate, a foreclosure is a lengthy legal process, where a lender (often a bank) takes back a property because the owner is no longer making their mortgage payments. When done successfully, it results in the home owner being evicted from the house and the property is then sold by the bank.
In contrast, a short sale is a much more pleasant transaction in which the home owner and the bank mutually agree to sell the home for less than the remaining mortgage owning, often with loan forgiveness or a loan reduction for the differing sum. Short sales are sold by the original owner.
From short sales to foreclosures, REOs to pre-foreclosures, we have ample experience with every type of distressed property in Ashland, Medford and Southern Oregon. We can help you evaluate your choices, understand the processes and make smart choices.
Looking for the best property for sale in Medford, Ashland & Southern Oregon? Check out our comprehensive listing search and discover your dream home!
Your Foreclosure & Short Sale Experts
Here at Hokanson Realty, we know what to look for in distressed properties and how to help you achieve your goals. We'll also make sure you understand exactly what occurs when buying a short sale or foreclosure, as both processes differ from regular real estate and home buyers are less protected.
Distressed properties are sold "as is", which means they're at a higher risk for problems such as liens, any and all existing damage, title problems, superior loan pay offs and so forth. That's why serious home buyers in Southern Oregon will contact The Hokanson Group prior to embarking on the distressed property journey.
Short sales and foreclosures in Medford, Ashland and Southern Oregon aren't the right option for everyone. Experienced REALTORS® like Hokanson Realty can help you determine whether you're a good candidate for distressed properties and assist with finding the best opportunities.
If you're interested in Medford, Ashland & Southern Oregon foreclosures and short sales, let us know! Call us at 541-772-7653 or contact us online to get started.