Bend’s local paper, The Bend Bulletin, reported a jump in notices of foreclosure for the month of January. A notice of foreclosure is filed when owners are behind in their mortgage payments. The bank gives legal notice that they are going to foreclose if the payments are not brought current.
“There were 402 notices of default recorded in Deschutes County last month, the most since the housing crisis began three years ago, according to the Deschutes County Clerks Office.
The number increased by nearly 26 percent from the 320 default notices recorded in December 2009, and more than 95 percent from the 206 notices recorded in January 2009.”
This spring looks like a great time to buy a bank foreclosure in Bend Oregon. There is a lot of money to be made in today’s real estate market. We are seeing a steady increase of out of town buyers buying investment rentals, second homes and primary residences.
Bend has always been a highly desirable place to live. The recreational opportunities are abundant; everything from mountain biking, hiking, rafting, golfing, fishing, rock climbing, camping, downhill and cross country skiing, snowmobiling, general sightseeing and much more.
Our real estate prices are down and interest rates are near historic lows. The national economy looks like it has bottomed out. Now is the time to buy real estate in Bend Oregon.
If you’re thinking about buying a bank foreclosure in