Portland Short Sale and Foreclosure Market
Buying Portland Short Sales and Foreclosures
If you're looking to purchase a distressed Portland property, we highly recommend our top 1% buyer's agent, Kami Price, who has obtained the short sales and foreclosure resource certification and has extensive experience helping buyers purchased bank owned and short sale properties.
Go here to see a current map of the Portland short sale homes for sale.
Go here to see a current map of the Portland foreclosure homes available for sale now.
Kami Price, Realtor
Short Sale and Foreclosure Certified
Represented Hundreds of Buyers
Licensed since 2004
503-773-0000
Need to short sell your home?
If you're looking to avoid foreclosure and need help short selling your home, look no further. Stephen FitzMaurice is a top 1% seller's agent in Portland, is a short sale certified agent, and does not charge the homeowner for his short sale services. He has a very high success rate and can explain the ups and downs of the short sale process. Click here for Stephen's short sale services.
Stephen FitzMaurice, Realtor
Short Sale Certified Listing Agent
Cancel Anytime Policy
Licensed Since 2003
503-714-1111
Want to search for short sale and bank owned properties?
We've got you covered. Check out local short sale and foreclosure homes for sale at PortlandHomesforSale.com.
Portland, Oregon Foreclosure and Short Sale News
Below are articles written by our top agents on foreclosure and short sale happenings in the Portland metro area.
Short Sale Tax Exemption Could End Soon
Short Sale Tax Exemption / Mortgage Debt Relief Act of 2007 is set to expire on December 31st, 2012. If you’re wondering what I’m talking about and have had any portion of the mortgage on your principal residence forgiven by a lender or plan to in the coming year, you should read this article. For […]
New Short Sale Assistance for Portland Military Homeowners
New Frannie Mae and Freddie Mac policies will make it easier for military homeowners to short sale their homes when they must move because of a change in station. The Federal Housing Finance Agency announced June 21 that Fannie Mae and Freddie Mac will no longer be permitted to pursue a deficiency judgment, promissory note […]
How to Write a Winning Portland Short Sale Offer
Nothing is more difficult to purchase these days than a short sale! The numbers on successful Portland short sale offers are terrible, many reports suggest 1 out of 5 Portland short sale offers actually ends up in a sale. While no short sale offer is guaranteed to succeed, there are a number of things a […]
When will Portland sell through its Shadow Inventory?
According to Standard and Poor’s first quarter 2012 data, it will take Portland and the country 3.8 years or about 46 months to sell through all of the distressed properties waiting to come out on the real estate market. S&P is counting all the shadow inventory, the number of homes with mortgage payments that are […]
How many Short Sales and Foreclosures are there in Portland?
The reports are in. In 2011 there were 8,590 short sales listed in the Portland metro area, of which 3,668 sold. Also in 2011, 8,134 foreclosures were listed in the Portland area and 7,802 sold. 45,256 regular homes were listed in the Portland area and 22,823 sold. Last year about 27% of homes listed were […]
Portland Short Sale Timeline – Important News
Beginning June 15th of this year, all Portland short sales backed by Fannie Mae and Freddie Mac should expect to receive a bank response to any offers that come in within 30-60 days. A big push is happening at the government level to make short sales work. The FHFA, Federal Housing Finance Agency, has said […]
Portland Short Sale or Try for a Home Loan Modification?
This is a serious question for many Portland Oregon home owners who are underwater in their mortgages: Should I Short Sale my Home or Try for a Home Loan Modification? For your consideration, I will tell you a common and very sad experience I have regarding folks who try for Portland home loan modifications. Too […]
What sells in PDX: Short Sales, REOs, or Traditional Home Sales?
2011 Portland MLS market statistics. Foreclosures in Portland: In rough terms, nearly 100% of foreclosure properties in Portland, also known as REOs, sell in a 6 month period. If you are looking to buy or make an offer on a Portland foreclosure, know this: it won’t stick around for long. Banks do not take low […]
Certified Foreclosure Agent
I’ve been successfully selling foreclosures in the Portland Metro area for years now. This designation represents additional education and certification, rewarding experience and professionalism in the foreclosure marketplace. Foreclosures are often the best deals you can find in Portland, Oregon. Let me help you find one today! Stephen FitzMaurice, Realtor See all of my twelve […]
Will I owe the bank money after I short sale?
This is a very important question. Many people are afraid of doing a short sale because they are concerned the bank could come after them later for funds. If you don’t do a short sale correctly, a bank CAN come after you afterwards. If you do a short sale correctly, a bank CAN’T. I make […]
Certified Short Sale Agent, CSSA
I’ve been successfully selling short sales for years on both the buyer’s and seller’s side. This designation was awarded to me after I successfully took a number of classes, met professional experience requirements, and passed the necessary exams with flying colors. Let me help you get out of that underwater home today. I have all […]
What is the Short Sale Tax?
Many people are concerned (and rightly so) that they may be taxed for the forgiven amount on their short sale. For those of you who don’t know, this is a short sale. Basically, you owe say 200,000 and the home short sales for 150,000, so on your next tax statement you could be 1099’d for […]
Short Sale Prices – What will the bank take?
Today, it is all in the offer. A Portland short sale price means almost nothing. The bank will take what it takes and no one knows for sure what that will be, unless the price is pre-approved. On the selling side agents set ridiculously low short sale prices to bring in an offer. Once the first offer is […]
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When my wife and I decided to sell our home we started to search for agents who work for less than the 6% standard commission. Slightly skeptical, I decided to call Stephen for a consultation. Stephen came very prepared with comp sales, marketing techniques, and several other items pertaining to the sale I never would have considered. We sold in six days.
Denny
