This is alot of REO listings for a Saturday! There are some good ones in here but as usual most of these are the less expensive $250,000 and unders that are best for first time home buyers and of course if they are beat up enough that they won’t finance then the investors can jump in for the kill with that cash they pulled out of the market!
37, wow! Investors, there are some great cheap homes in here. And if you aren’t an investor but want a great home and love the popular Irvington Neighborhood, check out the one for $500,000 located at 2216 NE 17th Ave. Remember, if you want to see any of these (and you aren’t already working with a Realtor) give us a call! I think I even saw a houseboat in here!!! -Kristie Your PDX Realtor
Wow! More John Ross Condos today!~ (Are you keeping an eye on those Adam?). There is also a condo in Lair Hill Condominiums, those are great condos by the way. There’s a higher end one in here for Happy Valley..I’m seeing the great deals in Happy Valley beginning to disappear as the REO inventory there goes quick and has slowed. Overall, this is a batch of bank owned for investors as most of these properties are cheap and really beat up! -Kristie McDoanald -Your Distressed Property Buyer Agent!
Here’s the line up for today folks! There are some great ones in here for West Linn. I just toured a great home in West Linn two days ago that was a REO bank owned, it went pending in less then 4 days. A GREAT find and in really good condition for $450,000. Just needed the gold hardware exchanged out and some of the oak painted! -Kristie McD
I have a few clients looking for those great deals in the $600k and above range, this home in Beaver Lake Estates on Monpano Overlook Drive fits the bill! There are some amazing homes in Oregon City, many of them similar to what you saw on the Street of Dreams a few years ago. For you West Portland people, Oregon City isn’t THAT far out!
Here’s the line up for 10/10. Pretty typical although the Victorian was worthy of a note. Also another condo in the Pearl District! As usual ALOT of homes under $200k. CLICK HERE FOR REO PROPERTIES LISTED 10/10
Here’s the line up of bank owned homes today! I don’t think I saw any for Happy Valley in here; that’s a great sign that things could be improving as there is a decrease in Happy Valley REO “just listed” this last week!
Remember, there are not short sales in this list only bank owned and some are price reduced not new listings. CLICK HERE FOR REPORT. We are seeing alot in the lower price range which is normal, I am surprised to see the new construction on Winkel Way in West Linn, however. Yikes! We don’t typically see alot of bank owned homes in West Linn or Lake Oswego. Tigard had a few in here as well today! WOW! No Happy Valley in here today! -Kristie McD. Everything. Portland. Real Estate.
I watch every day to see what’s going on with bank owned listings. It gives me an idea of what price range is struggling, how my listings are effected by the inventory increase, what areas are getting hit, etc. I’ve been posting the bank owned properties daily on my twitter but I will try to bring them here every day or two as well! I see about 20-30 list daily although many of them may only be price reduced bank owned. -Kristie McD. Your buyer’s agent for bank owned! (I got them down!!!) 
Every morning I post a report of ALL bank owned (aka: REO or Foreclosure
) listings just listed, in all prices, in all of the Portland, Oregon Metro area…. West Linn, Beaverton, Happy Valley, Lake Oswego… all of them. Even those million dollar homes! – Kristie McD.
I’d like to start off by saying there are some fantastic listing agents out there selling bank owned homes. I particularly love working with the Erickson Brothers. With that said there are ALOT of bank owned listing agents out there that suck! Scott and I often use our blog to vent and tonight is one of them (for me anyway).
We’re seeing lots of new activity in the market and RMLS’ posting of Oregon and Washington lockbox activity numbers shows the increased activity:
Usually the weekend REO list is very short but today we have quite a collection.