Marion County Foreclosures
Along with the Marion County foreclosure trends, statistics, housing data and demographics, you can review every preforeclosure, foreclosure or bank owned property by selecting a city or ZIP code in Marion County from the list below. For further information on specific foreclosure properties we recommend working with a local Realtor®® that uses ForeclosureRadar.com, or subscribing to ForeclosureRadar.com, the professional’s foreclosure service.
Top Zips in Marion County
Top Cities in Marion County
- Mount Angel
- Scotts Mills
Foreclosure Filings—Notice of Default filings are the first step in the foreclosure process. Notice of Trustee Sale filings set the date and time of an auction, and serve as the homeowner’s final notice before sale.
Foreclosure Outcomes—After the filing of a Notice of Trustee Sale, there are only three possible outcomes. First, the sale can be Cancelled for reasons that include a successful loan modification or short sale, a filing error, or a legal requirement to re-file the notice after extended postponements. Alternatively, if the property is taken to sale, the bank will place the opening bid. If a 3rd party, typically an investor, bids more than the bank’s opening bid, the property will be Sold to 3rd Party; if not, it will go Back to the Bank and become part of that bank’s REO inventory.
Foreclosure Inventories—Preforeclosure inventory is an estimate of the number of properties that have had a Notice of Default filed against the property, but have not yet been Scheduled for Sale. The Scheduled for Sale inventory indicates those properties that have had a Notice of Trustee Sale filed, but have not yet been sold or had the sale cancelled. The Bank Owned (REO) inventory indicates the number of properties that have been sold Back to the Bank at the trustee sale, and which the bank has not yet resold to another party.
Foreclosure Bids—The Published Bid is the amount listed in the Notice of Trustee Sale and is typically the balance due at the original date of sale. The Opening Bid is the bank’s starting bid at auction, and is often discounted from the Published Bid. The Winning Bid is the highest bid received at auction and reflects the amount at which the bank or 3rd party purchased the foreclosure.
Foreclosure Discounting—This chart compares the winning Bid Amount of properties sold at trustee sale to both the outstanding Loan Amount, and the current Market Value. Banks place an Opening Bid for each property and if a 3rd Party does not make a higher bid, the property will be sold Back to Bank (REO) for the Opening Bid amount. Properties Sold to 3rd Parties will typically have Winning Bids with deeper discounts to both Loan Amount and Market Value as only low Opening Bids will attract investor interest.
Time to Foreclose
Time to Foreclose—The average number of days between the filing of the Notice of Default and the final sale at auction for foreclosure sales that occurred during the specified month. Time to Resell—The average number of days between the final sale at auction and when the property was resold by the bank or 3rd party.
Filings By Number of Bedrooms
Filings By Number of Bedrooms—The number of Notice of Default or Notice of Trustee Sale filings shown by the number of bedrooms of the property against which the notice was filed. Includes only residential foreclosure filings.
Filings By Square Foot
Filings By Square Foot—The number of foreclosures that have received either a Notice of Default or Notice of Sale, shown in columns arranged by the size range of the property in square feet.
Filings per Year Built
Filings By Year Built—The number of foreclosures that have received either a Notice of Default or Notice of Sale, shown in columns arranged by when the property was built.
By Est. Market Value
Filings By Est. Market Value—The number of foreclosures that have received either a Notice of Default or Notice of Sale, shown in columns arranged by the estimated market value of the property in foreclosure.
Filings per Loan Balance
Filings By Loan Balance—The number of foreclosures that have received either a Notice of Default or Notice of Sale, shown in columns arranged by the balance of the loan in foreclosure.
Filings By Loan Origination Date
Filings By Loan Origination Date—The number of foreclosures that have received either a Notice of Default or Notice of Sale, shown in columns arranged by the quarter and year in which the loan was originally made.
Marion County Housing Data
- Median House Value:
- Average Age:
- Median Rent:
- Single Family:
- 2-4 Units:
- 5+ Units:
- Data Source
- 2010 ACS 5-year
Marion County Demographics
- Less than high school:
- High School:
- Some College:
- PhD or Professional:
- Median Household Income:
- Married with One Wage-Earner:
- Per Capita Income:
- Working in same County:
- Avg Commute Time:
- 22.6 min
- Workers using Alternative Transportation:
- Data Source
- 2010 ACS 5-year