According to the Oregon Association of Realtors (OAR), Distressed Property is "real property facing foreclosure or recently acquired by a lender as the result of a foreclosure." 

A helpful brochure produced by OAR on purchasing Distressed Property: http://www.oregonrealtors.org/.docs/pg/400/rid/11188/f/Purchasing_Distressed_Property.pdf

For more assistance on the purchase of a Distressed Property, please call us today! 541-956-5826