Lake Oswego Realtors

Short Sales
Short Sale Facts We get paid from the bank's proceeds at closing.... you don't personally owe us money. financial Hardship takes many forms... even if you're still working and earning money there are short sale options. There are protections in place for Oregon Home Owners facing foreclosure... we can help you. Mortgage Debt Forgiveness applies to most Oregon home owners: Learn More on the IRS Site and then call us. We are Brokers Licensed in The State Of Oregon with Oregon Realty Company... we are backed by 63 years of stable & reliable service. If you live in Lake Oswego and need to get a fresh start call us to learn how our experience can help you. In this economy many people are tired of making excessive mortgage payments on…
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SE Portland Property Investment

Portland Home Values
Real Estate Investing One of the many questions regarding real estate investing right now is what effect falling prices in suburbs will have on more centrally located properties. With unprecedented savings possible in outlying areas such as Oregon City, Milwaukie, and Gresham in most cases renters can buy distressed properties for much less than they currently rent for. This glut of extremely affordable housing in outlying areas has put pressure on non-distressed transactions not to mention puts pressure on the strained rental market. Many investors are struggling to rent out upside-down rental properties on which they owe far more than the inventory will fetch on the open market. Homes For Sale In Inner SE Portland SE Portland Home Values So, how will this affect prices in more desirable neighborhoods such…
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Portland Realtors

Portland Realtors
As Agents with Oregon Realty Company (Brokers Licensed in the State of OR) we offer our clients the finest service backed by our Company's 63 year legacy of excellence in serving clients. We've made short sales a specialty service by using the latest in in technology to ensure that our clients' needs are met and that transactions proceed smoothly. In order to conserve paper and improve efficiency we use digital faxes and offer our clients the convenient option of PDF copies of important documents. When applicable, we also offer the option of digitally signing documents through our DocuSign system. What this means to our clients is an easy transaction where documents and updates to listings happen quickly and conveniently. When Experience Matters As experienced Agents serving Portland, Oregon we offer…
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Short Sale Answers

Short Sales
Short Sale Foreclosure Resource Certified Real Estate Broker Licensed in Oregon. What are the tax consequences of a short sale? Answer: As Real Estate Agents we can't give you tax or legal advice but we can recommend you read the IRS Page on Debt Forgiveness and if necessary consult a tax accountant or attorney to obtain further details to your situation* With that said many homeowners are not liable for federal taxes (although cash-out refinancing can create liability). According to the IRS: "The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence... Qualified principal residence indebtedness: This is the exception created by the Mortgage Debt Relief Act of 2007 and applies to most homeowners." *Some tax laws are…
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Metro Area Housing

economy, Portland Home Values
The Metro Area Housing Market appears to be in a state of flux; with outlying areas still seeing price declines while more centrally located neighborhoods are seeing less declines, or even flat or increasing price trends. The question on many minds is whether pricing pressure from the suburbs will exert downward pricing pressure on centrally located neighborhoods and if so how much will this affect prices and overall market stability? sadly, we won't really know for sure until it's history but many speculate that certain neighborhoods may still be overpriced. Also adding convolution is the dynamic nature of housing. While some real estate agents in Portland proclaim that prices are increasing (Average Sale Price) other Brokers are quick to point out that the houses that are being sold now are…
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Foreclosure Resources

Oregon Foreclosures
Foreclosure Resources Now more than ever home buyers are looking to get the most for their money. Recent attention on Foreclosed Homes For Sale as a means of getting bargain-basement pricing or even buying in to equity have changed the rules of the game for today's would-be home buyer or investor. Mortgage Insurers such as Fannie Mae, Freddie Mac, FHA, VA among others are now offering increased attention to their "REO" (meaning Real Estate Owned by the bank or mortgage insurer) properties through a number of different retail outlets. Buyers interested in HUD Owned Homes and other foreclosures should check out these sites for auctions and REO Properties in their area: Foreclosure Auctions HUD Foreclosures For Sale VA Foreclosure Listings FDIC Foreclosure Resources IRS Foreclosure Auctions HAP Army Corps of…
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Beaverton Home Values

Portland Home Values, Real Estate
Home Values Beaverton, Oregon [caption id="attachment_2832" align="alignright" width="300" caption="Beaverton Realtors Info"][/caption] Median asking price for homes for sale in Beaverton, Oregon for this week is $255,000. Home Values in this area may be settling a little in that asking price has remained constant while price per square foot is dropping; indicating that although median asking price is the same larger homes are being sold at those prices. Inventory in the form of unsold residential listings has been declining (which is an encouraging sign) but buyer agents report that activity is also declining. Short Sale Foreclosure Resource Certified. Real Estate Broker Licensed in Oregon. Housing In Beaverton, OR The net result is that the housing market for Beaverton, OR doesn't seem to be giving any clear signals in either a positive…
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Portland Real Estate Update

Portland Home Values, Real Estate
For this 4th week in August the median asking price for Portland Real Estate Listings was $289,900. And, while median asking price has been rising the average price per square foot has remained steady at $146. This means that median list price is increasing due larger homes for sale being put on the market. Market action from well-qualified buyers has been on the rise as the summer buying season continues. Portland Residential Realtors Also on the rise, average day's on market for residential property listings has increased to an average of 158 days on market. Other positive factors include the lowering levels of unsold properties; although delays in the processing of homes moving toward foreclosure may be skewing those numbers. When taken all together, the outlook of many Realtors working…
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Retirement & The Economy

economy
Baby boomers and stock values Retirees selling stocks at a higher rate than younger investors are buying puts downward price-pressure on market. Federal Reserve Economists are questioning the effect of retirement age baby-boomers on stock values. Economists trace stock market gains in the 1980’s to baby-boomers preparing for retirement and now believe that the trend will reverse as retirement-age boomers sell stock to cover expenses. Tracking the boomers’ effect on the economy has predicted market action in the past with foretold increases in consumer spending in the 1990’s as the boomer generation entered their most productive wage-earning years. And, as in the 1980’s, the 90’s were a time when boomers also put money into Stocks, Bonds and Mutual Funds. Now that the boomers are retiring it seems a foregone conclusion…
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Fewer New Homes Built

economy, Portland Home Values
National Housing Update July marked a slowing of construction of new homes; dropping from already low levels. The Commerce Dept. stated on Tuesday that housing starts were down by 1.5% to an annual volume of only 604,000 units (seasonally adjusted). It should be noted that this was in line with Commerce Dept. estimates. The current rate of 604,000 annual units is roughly fifty percent of what economists claim is necessary to maintain a healthy housing market. Housing Recovery Not Picking Up "There is still no sign yet of a pickup in housing," says Patrick Newport (economist at IHS Global Insight as quoted on MSNBC News). With weak employment cited as a major contributing factor for housing lackluster performance. Distressed properties like short sales and Foreclosures are lowering demand for new…
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