Foreclosures to Increase in Bend Oregon

The Bend Bulletin reported that notices of default in Deschutes County jumped 156% from last year.  Notices of default are filed by lenders with Deschutes County when a homeowner is two to three months late in their mortgage payments.  These default notices usually lead to foreclosures. BEND OREGON BANK FORECLOSURES are some of the best buys on the market right now. 

There are currently 113 bank owned homes on the market in Bend.  There's almost one bank foreclosure selling every day.  That just about equals the number of new foreclosures coming on the market if you extrapolate from the number of default notices recently filed. 

Smart buyers made a lot of money in the recession of the early 80s by buying bank foreclosures.  Smart buyers are making money right now buying real estate in Bend.  Interest rates are at all time lows.  Prices are very affordable and Bend is one of the best places to live in the United States.  The long term out look for investment in Bend Oregon real estate is extremely good.  There will always be a demand. 

Due to the economic stimulus package economist are predicting high inflation rates in years to come.  You definitely want to own real estate in Bend when that hits.

If you’re serious about buying Bend Oregon real estate you should sign up for Jim’s free New Listing Notification Service or call or e-mail Jim today.  Jim Johnson is a Certified Residential Specialist and has been selling quality homes in Bend Oregon since 1981. Call 541-389-4511 or see his web site to search the MLS - Bend Oregon Real Estate.  Jim is licensed by the State of Oregon as the Principal Broker for Bend Oregon Real Estate Expert.  E-MAIL