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Updated about 10 years ago on . Most recent reply

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Annette Bryante
  • Portland, OR
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How to buy bank-owned property in Oregon

Annette Bryante
  • Portland, OR
Posted

I am interested in buying a neighboring property that did NOT sell at auction last week. I called the attorney listed on the Writ of Execution, and they gave me a number for "Select Portfolio," but they had no knowledge of anything. The bank is US Bank, and when I look at their REO website, they list only two properties in Oregon, and just say to "contact selling agent."

The current owners say a guy told them he would buy their Redemption Rights for $2,500 and give them 45 days to move out. (I'm sure the neighbor would do this for us as well.) The guy is evidently an investor, and has a way to make an offer on the property. My primary question is: How do I also make an offer on this property quickly? I don't know who to contact, the listing attorney gave me a number that didn't pan out, and the US Bank REO website just says to contact the "selling agent."

Thank you for any guidance :)

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