Bank Owned Real Estate in Portland

Portland bank charters require a certain amount of solvency be maintained in an effort not to weight a Portland banks liability too heavily in Portland. The loss-mitigation division of a Portland bank is motivated to move non-performing assets out of the Portland bank. During foreclosure if there are no buyers of the Portland real estate property the Portland property reverts to the Portland bank and is offered for sale through their REO division. Many Portland banks will negotiate down the payoff (a short sale) in an effort to move the asset allowing profitability for the investor due to purchasing at a discount to market value. This process again allows for clean transfer with limited risk as inspection of the Portland real estate property can be conducted prior to purchase.

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