foreclosures – IDX Portland Oregon

02Jul 2014 by admin

Wall Street Speculation Driving Up Home Prices

Investors Buying Short Sales & Foreclosures In Bulk, Profiting Big This article is opinion based on available data from a variety of news and financial sources. This article is not legal, tax or financial advice. The author is a real estate broker licensed in the State of Oregon, and an short sale specialist in Portland. [caption id="attachment_6950" align="alignleft" width="300"] Wall Street Back To Gambling On Real Estate[/caption] While recently reduced numbers of short sale transactions and foreclosures have pushed real estate investment money back into flipping and renovating, in the height of the recession many major financial interests were buying short sale and foreclosure homes in bulk and trading them as a commodity. Now, these investment companies appear to be slowing their rate of purchase as the supply of distressed…

11Jun 2014 by admin

The Worst (and best) Residential Real Estate Investment I Witnessed

economy

As a real estate broker licensed in the state of Oregon and I’m a leading short sale specialist in the Portland area I was recently asked to share my opinion of the best/worst investments I've seen in real estate. My opinion as a Realtor does not constitute, legal, tax or investment advice. Lastly, the question of absolute worst real estate investment also incidentally leads into one of the better investments I’ve seen. The Worst Real Estate Investment I Have Personally Encountered: First off, let me preface this by saying that condo developments have proved very profitable in a number of cases. However, in this specific example things unraveled to devastating effect. In the years leading up to the housing crash a wealthy extended family in my area developed a condominium…

18Dec 2012 by admin

Fourth Quarter 2012 Foreclosures

economy, Oregon Foreclosures

An audit of newly filed judicial foreclosures in Multnomah, Clackamas, and Washington Counties during the 4th quarter period of 2012 clearly reflects the fact that distressed property owners remain in need of professional short sale real estate services. Banks are encouraging distressed homeowners in Oregon to seek short sale agents (SFR) to eliminate and settle real estate mortgage debt rather than the expense of a judicial foreclosure or notice of default procedural foreclosure. Short Sale Transactions have proven far more beneficial than foreclosures for both home owners and banks. With today’s home values similar to values of 2003 we have a ways to go before we reach a full housing market recovery as distressed property owners owing more on home mortgages than market sale price will deliver still represent a…

26Aug 2011 by admin

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…

15Aug 2011 by admin

Home Builders Uncertain in August

Oregon Foreclosures, Portland Real Estate Market

Home Builders Sentiment Remains Low Distressed Properties including short sales and foreclosures cut into new construction's bottom line According to the National Association of Home Builders, little has changed in the housing market over the last two years. Home Builder sentiment on "the condition of the housing market" was at an index level of 15, with any number below 50 considered negative. In the past two years Home Builder sentiment has not gone above an index level of 20. The year of 2010 marked the lowest level of home purchases in nearly 50 years with sales for the current year looking little if any better. Mortgage Foreclosures, Distressed Properties Compete With New Construction New Construction of Residential single family homes has faced new competition in the form of REO (meaning…

12Aug 2011 by admin

National Foreclosure Update

Loan Modification, Oregon Foreclosures

Banks Mired in Bad Loans & Paperwork Woes Credited For Slowing Pace of Foreclosures For the month of July, 2011 new foreclosures (number of first notice of default) dropped to less than 60,000 (7% less than June, 2011). The July, 2011 number of 60,000 new foreclosures is 39% fewer new foreclosures than in July, 2010. Reasons for the sharp decline in new foreclosures include regulatory red tape involving the paperwork underlying many mortgages as well as National Banks wanting to spread out the "pain" of posting non-performing loans as financial losses. Furthermore, banks are not eager to flood the market with the many thousands of foreclosed homes due to the fact that home values and market prices would drop further still... and prices dropping even more would mean a higher…

29Jun 2011 by admin

Home Values Portland

Portland Real Estate Market

[caption id="attachment_2551" align="alignright" width="300" caption="Home Prices | Housing Market"][/caption] For this week home values have remained stable in that the median asking price for Portland Real Estate Listings is $279,000 while asking price per square foot has remained steady at $146 per square foot asking price. Some Housing Market Indicators such as buying action from strong (well-qualified) buyers have been trending down of late and some uncertainty remains over what impact this will have on a continued, sustainable housing market recovery. Residential Housing Trends [caption id="attachment_2552" align="alignleft" width="300" caption=" "][/caption] When the aspects of housing market supply and demand are considered the market may be cooling off a bit. While sale prices have been going up this may be due to buyers purchasing larger and more modern or desirable properties…