Living in Portland

Assuming the property is in a good location and in good condition, the answer is probably ‘yes’.  Are you curious about what kind of a deal you can get on a bank owned property in Portland?  The word on the street is that they are currently accepting between 82% - 85% of the BPO value (also known as the value the listing agent gave the bank). 

In other parts of the country where foreclosures are higher (like Arizona) the banks are accepting much lower offers.  This is a bank by bank policy and depends on the number of unsold properties they have on the books.  We are keeping a close eye out for signs that the banks are willing to drop their asking price even more.