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 Central Oregon has many properties that are being sold as either a Shortsale or Foreclosure.

1. A Shortsale property is still owned by the current owner of the property but they owe more to their mortgage holder than the property can pay off when sold.  Shortsales require the approval of their lender(s),  These properties normally take longer in time to finalize the sale and may infact not close due to complications with the mortgage holder. 
 
These type of properties are sold as-is and any buyer concessions for closing costs will be at the disgression of the approving mortgage holder. 

2. Foreclosure properties are those that the mortgage holder has acquired title to the property due to non-performance to pay the loan by the homeowner.   These properties are sold as-is and may be sold at a reduced rate.  Buyers of these properties must be pre-approved for their financing and be ready to accept the home in the existing condition.  Normally, these home can close fairly quickly and the banks require the the new purchaser do so on their timelines.

Check on the links below for properties that are Short Sale or Foreclosure in the area's listed below:

 All Shortsales and Foreclosures in Central Oregon

Shortsale and Foreclosure Properties in Bend, Oregon
Shortsale and Foreclosure Properties in Redmond, Oregon
Shortsale and Foreclosure Properties in Sisters, Oregon
Shortsale and Foreclosure Properties in La Pine, Oregon
Shortsale and Foreclosure Properties in Sunriver and Three Rivers South, Oregon
Shortsale and Foreclosure Properties in Madras, Oregon
Shortsale and Foreclosure Properties in Prineville, Oregon
Shortsale and Foreclosure Properties in Other Central Oregon Cities

Central Oregon Shortsale and Foreclosures