Foreclosure Effects In Portland OR – What Sellers Need To Know

foreclosure effects in PortlandForeclosure can be a nightmare. Today we are going to look at the foreclosures effects in Portland OR and what local house sellers need to know. First we will look at the effects and the ways of easing them.

 Foreclosure Effects in Portland OR to Sellers

  • Loss of your home – Pretty self-explanatory here. The major end result of a foreclosure in OR is the loss of the home to the bank.
  • Decrease in Your Credit RatingYour credit rating will be lowered by the foreclosure. How much can depend on how high your current credit score is, but the higher your current credit score, the more your score will drop after a foreclosure. If you have a credit score of 680 or higher, you may see a drop of 100+ points.
  • Depression and Stress – Your mental health is at stake because of this high pressure situation. Going through a foreclosure is emotionally exhausting and frustrating to say the least.
  • House Values In Your Community – Another one of the big effects of a foreclosure in Portland OR is that they tend to lower the overall value of the houses in your neighborhood, especially if there are multiple foreclosures in the immediate area.

How You Can Ease The Effects Of Foreclosure In Portland

For the well being of you and your family, you need to mitigate the effects of foreclosure as much as you can. The process can be frustrating and time consuming but there are people who can help you navigate your different options in the process.


  1. Call your bank: Most banks are very willing to work with you if you can show that with their help you can get back on track financially and save your house.  Or, if you just want out of the house but you owe more on the house than it’s worth, see if the bank has any programs to lower the mortgage burden so you can get out from underneath it without it going through an expensive foreclosure.
  2. Talk with a local real estate expert, like Portland Wholesale Property: We know the local Portland real estate market well and are very experienced in the foreclosure process here in OR. Give us a call at (503) 334-4150 and we can guide you toward the resources that can possibly help you.
  3. Sell your house: If you’d rather find a way to sell your house and avoid the foreclosure all together, great! We buy local Portland houses for cash and would love to look at your situation and make you a fair all-cash offer for your house.  Just call us at (503) 334-4150 or shoot us your details through this website

With the above knowledge on foreclosure effects in Portland, you can guard yourself by calling Portland Wholesale Property at (503) 334-4150 and we will assist you in selling your house. However, to fast track the process, kindly fill out our website contact form to give us more information. We’d love to connect with you and help you find the best solution!

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