Portland Real Estate Short Sales are a way for buyers to save big while sellers have the opportunity to take action by taking an active role in avoiding foreclosure. We are Realtors with Oregon Realty Co and Brokers licensed in the State of OR. While recent news stories are certainly highlighting some encouraging economic signs many home owners are still struggling to make ends meet. With Portland, OR companies downsizing and relocating many home owners are left with the choice of keeping their job and moving or staying and becoming unemployed. This situation becomes more troubling when Portland, Oregon property owners are under water on their mortgages and unable to sell their property for what they owe against it. Others face medical bills, job loss, reduction in pay or hours amongst other financial hardships. For many people in these and similar situations Portland Real Estate Short Sales are a chance for owners to make the best of a bad situation by avoiding foreclosure.
Portland Oregon Real Estate Short Sale Agents
We’re Portland Real Estate Agents experienced in many different short sale scenarios and we’d like to speak with you about listing your property and completing a short sale. Call our direct phone line now: 503-473-8001.
The Portland Housing Recovery may be taking hold as buyers and investors alike take advantage of excellent terms and low interest rates. Portland Oregon Realtors: 503-473-8001.
Portland Housing Market recovery
As mortgage lenders and banks begin to relax financing standards more people are able to purchase Portland Homes for Sale at excellent values. As to whether the Portland Housing Market Recovery is in full swing or whether prices will settle a bit more is anyone’s guess. However, for many successful Portland Real Estate Investors now is the time to buy. With short sales becoming much more mainstream and more easily attainable for struggling Oregon home owners along with some banks becoming more streamline in how they deal with bank owned foreclosures (REO) now is a great time to buy.
No one can tell exactly what the future will hold but what we can say is that right now housing prices are much more affordable than in the past and that low interest rates and attractive financing options mean many more people believe in the Portland Housing Recovery. 503-473-8001.
Call us today to speak with experienced Portland Real Estate Agents: 503-473-8001.
Portland, Oregon Real Estate Agents
As Portland Real Estate Agents with Oregon Realty Company we take pride in our town as well as Oregon Realty Company’s heritage of helping our clients buy and sell homes, land and property in and around Portland, OR. When you are ready to buy or sell in Portland, Lake Oswego, Happy Valley, Tigard, Tualatin, Beaverton and Hillsboro.
Portland Short Sale Agents with Oregon Realty Company
Portland Short Sale Agents
Behind on your mortgage payment? Portland Short Sale Agents help home owners complete short sale transactions. Ask us about our experience and chances are we’ve dealt with your bank and can use this experience to help your transaction go smoothly. Short sales are often unique and complex transactions which is why choosing Realtors who specialize in these deals is so crucial for you to have the best chance of success.
Call today to learn more about our many great properties and Homes For Sale in Portland, Oregon.
Affordable Homes For Sale in Portland Oregon
In this economy it pays to be a savvy buyer. Whether you’re shopping for a Lake Oswego Luxury Home, a View Property in Happy Valley or the perfect Old Portland Home in the right neighborhood for you we can help. With our extensive short sale and Portland Real Estate experience we work hard for you by putting our clients first. If we don’t have the home Portland Home you’re looking for already in our wide RMLS listing inventory we’ll go the extra mile by helping you throughout your search.
Portland Real Estate Agents | Oregon Realty Co
We are Experienced Portland Real Estate Agents; the biggest investment that most people ever make is not the time to just choose a family friend, part-time agent or fair-weather Realtor. We’re Brokers with Oregon Realty Co and we put our name behind our work. Richard Lockwood and Bruce Lockwood: Real Estate Brokers with Oregon Realty Company (Brokers licensed in the State of Oregon). Call us today to learn more about Lake Oswego, Happy Valley or any of the other areas in and around Portland, Oregon 503-473-8001.
Portland Brokers with Oregon Realty Company. Listing Agent Services, Buyer Agent Services and Competitive Market Analysis.
Oregon Realty Co Portland, OR Real estate agents
Whenever you are in need of a Portland Area Broker concentrating in short sale listings please don’t hesitate to call us today. We put our short sale knowledge to work for Portland Home Owners. In complicated short sale transactions past experience is important… call us today: 503-473-8001.
Portland Listing Agents | Realtors
Richard Lockwood and Bruce Lockwood are Brokers with Oregon Realty Company and licensed in the State of Oregon. When you need experience and professionalism make the smart call: 503-473-8001 .
Portland Real Estate Short Sales are an exceptional opportunity for home buyers to save money and also being a realistic option for numerous home owners late on their loans. As savvy short sale listing brokers with Oregon Realty Company (Brokers licensed in the State of Oregon) we’ve made helping our Portland clients stop foreclosure through short sales a key objective.
Portland Oregon Real Estate Brokers
Short Sale Brokers Portland
Being in arrears on your mortgage loan bills puts tension on budgets along with personal life. With collection agencies calling at all hours and written documents being sent in the mail many Portland Property owners do not know what to do. One option worth serious consideration is the short sale. As Portland Short Sale Real Estate Agents we work for our clients to present all the forms to your banking institution and also work to acquire an acceptable offer on the property. The short sale strategy is a way for property owners to take action and be assertive in steering clear of foreclosure.
To talk with seasoned Portland short sale listing real estate agents call our direct line: 503-473-8001.
For Home Owners in Portland, Oregon, receiving a Notice of Default from their bank is a very stressful experience. The language in these formal notices can often confuse and frighten and all sounds very formal. Please note that we are Portland Realtors (not attorneys) and cannot give legal advice but essentially the Notice Of Default tells the home owner what they most likely already know; that the mortgage payment is late and the bank will intends to foreclose if the situation is not remedied.
Short Sales and Foreclosures Affect Portland Oregon
Portland Oregon Foreclosure Process
The foreclosure process does take time as compared to a rental eviction. Many home owners are surprised to find out that their bank ends up taking a period of several months to actually foreclose on a property. The best advice is to simply call one’s bank and ask them when the sale date or auction date is (as short sale listing agents we assist our clients with bank communications). According to many Oregon Real Estate Attorneys the foreclosure process takes roughly 6 months. This process may be halted or delayed due to short sale negotiations, loan modification, bankruptcy or satisfaction (payment) of the mortgage and/or default amount.
If you need to list you Portland Property as a short sale call Richard Lockwood and Bruce Lockwood at 503-473-8001.
*Disclaimer: we are Portland Real Estate Agents and the information herein should not be construed as legal advise. If you do not understand the documents you receive from your mortgage bank please retain qualified legal counsel from an attorney.
The Notice of Default is the formal written notice to the borrower that (due to nonpayment) the lender intends to foreclose on the property. Homeowners in Portland, Oregon are often bewildered to find this formal notice taped to their front door and are left with many questions.
Portland Foreclosures | About Auction Dates
The Notice of Default lists the date that the foreclosure process formally begins. This nonjudicial foreclosure process can take several months in the State of Oregon. This process takes around six months but home owners can always contact their bank and find out for sure when their auction is. Note that this auction date can frequently change; banks may well postpone an auction date to accommodate a short sale.
*Disclaimer: we are Portland Real Estate Agents and the information herein should not be construed as legal advise. If you do not understand the documents you receive from your mortgage bank please retain qualified legal counsel from an attorney.
Oregon Foreclosure Process
Some Portland Home Owners have also been surprised to find out that even though they have not yet listed as a short sale that the bank has still postponed the auction. Reasons for this may include the bank wanting to soften the blow to their financial books and may want to spread out the numbers of properties they foreclose on each month.
Portland Notice of Default | When is the Auction Date?
Portland Short Sale Agents are frequently asked by their clients about how long a home owner has until they have to move. The Notice of Default has very complicated language which identifies the property to be foreclosed upon in great detail; this is known as a legal description. For the purposes of the Notice of Default the mailing/street address is insufficient to identify the property. The initial Notice of Default will have the date when the foreclosure process starts. The “Notice of Default and Election To Sell” will have a specific auction date. Always verify this information with your bank so you have the facts. Portland Realtors
The Foreclosure Process | Portland Real Estate Agents
First off, we are Portland Real Estate Agents and are not attorneys and cannot give legal advise. We are also not tax accountants or CPA’s. With this in mind use these pages as a place to start your own discovery process. The information contained is derived from our extensive experience in working with clients on short sale transactions in and around Portland, Oregon.
Stopping the Foreclosure Auction
The most common ways in which Portland, Oregon home owners stop a foreclosure are to pay the bank, file bankruptcy (this can temporarily halt the foreclosure), sign up for a loan modification or to sell the property. many banks are very eager to postpone the auction date in order to accommodate a real estate short sale. This is because it is often cheaper for the bank to accept a short sale than to proceed with the foreclosure.
