The Realtor Multiple Listing Service (RMLS) of Portland did a breakdown of the entire Portland areas’ short sales, bank owned and regular listings and how they compare. It shows that of those listings, how many actually sold. For short sales this is valuable information. I often have clients ask me how long short sales take […]
Archive for the ‘foreclosure’ Category
Do short sales actually sell?
May 24th, 2012 
admin 
Posted in buying a home, foreclosure, Portland, real estate, short sales, Uncategorized 
No Comments »Homeowners Beware, Foreclosure Scams Rise 60% This Year!
April 19th, 2012 admin Mortgage foreclosure scams — which seek to dupe struggling home owners with offers to save them from financial troubles — have soared nearly 60 percent this year. Scammers are increasingly using federal programs, like refinance programs such as HARP and HAMP, to try to trick home owners, reports the Homeownership Preservation Foundation (HPF), a nonprofit […]
Five Big Banks agreed to a Deal. Is it enough?
February 13th, 2012 admin Likely many of you have heard about the deal reached last week between the Governement and the five largest banks. President Barack Obama made a speech last Thursday where he spoke about the housing crisis and his new settlement that will “speed relief to the hardest hit homeowners and some of the most abusive practices […]
Beat the Competition and Get that Portland Foreclosure!
February 8th, 2012 admin While bank-owned homes are plentiful in Portland, they aren’t always easy for a buyer to get. Foreclosures sell at bargain prices — sometimes at 35 percent discounts when compared to nonforeclosures. These ultra-low prices are attracting investors and all-cash offers, which makes it difficult for other buyers’ bids to win out. Here’s how Portland buyers […]
Questions to Ask before Buying a Foreclosure in Portland!
February 1st, 2012 admin You know that whole saying, “If it seems too good to be true than it probably is.” Well that is definitely applicable to foreclosures, particularly ones that have been abandoned. I often encounter new buyers who are excited about the prospect of buying a foreclosure because of the great price they may get. And […]
Buying a Foreclosure in Portland? Things every Buyer should Know!
January 6th, 2012 admin Are you looking to buy a home in Portland? Curious about buying a foreclosure in Portland? In a December survey, Trulia found that 49 percent of Americans were at least somewhat likely to consider buying a foreclosure, up from 45 percent in May 2010. But the number of US adults who believed there are disadvantages […]
Short sales up to 8 months to close!
October 28th, 2011 admin Every buyer I work with wants to know what the deal is with short sales. And many come equipped with little or inaccurate information about them. So each time I find myself giving the dreaded “short sale speech.” The reason I dread it is because there are so many unknowns with short sales. And almost […]
