Archive for the ‘Foreclosures, Bank Owned & REO’ Category

Foreclosure List for February 5th 2014

Wednesday, February 5th, 2014

Here are the new foreclosures listed for sale within the last 24 hours.

To see the newest matches from RMLSweb click here, and here. For a complete list of available matches click here.

If you are not already working with a Realtor and would like to see any of these homes please feel free to contact me anytime at 503-706-5563 (cell or text) or Scott@YourRoadMapToHome.com

Your Portland Realtor, Scott McDonald

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Don’t Be Surprised If Your Realtor Refuses to Show You a Specific Home!

Wednesday, February 5th, 2014

When ever I’m showing property to a new buyer and meeting them for the first time I always try to find similar properties in the area so if the home I’m showing them doesn’t work out for them, I have something else to show them.

Today I was putting together that list of “similar homes” for showings I have this afternoon when I came across a listing specifically stating in the agent only remarks to “enter at your own risk” due to squatters on the premises that have been asked to leave by police, but are apparently still living there.

Not sure I myself would want to enter that home; if the people there are brazen enough to take up residence and refuse to leave who knows what they could/would do to a Realtor with clients in tow trying to see the home?

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Big Day for Portland Foreclosures Yesterday; Err, or Not…The Practice of “Re-listing”

Wednesday, February 5th, 2014

Bank owned (AKA REO’s) had a big day in the Portland real estate market yesterday accounting for 25% of all properties listed with 20 new REO listings (79 total listings including all foreclosures, short sales, new construction and re-sale).

That’s a huge bump up from what has been an average through January (and most months for that matter) of around 5 a day as well as 5% of all new listings on average; here’s the graph:

 

 

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Portland Foreclosure List For February 3rd 2014

Monday, February 3rd, 2014

Here are the new foreclosures listed for sale within the last 24 hours.

To see the newest matches from RMLSweb click here and here. For a complete list of available matches click here.

If you are not already working with a Realtor and would like to see any of these homes please feel free to contact me anytime at 503-706-5563 (cell or text) or Scott@YourRoadMapToHome.com

Your Happy Valley Realtor, Scott McDonald

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Portland Area Foreclosures for February 2nd 2014

Sunday, February 2nd, 2014

Here are the foreclosures for today:

To see the newest matches from RMLSweb click here, and here. For a complete list of available matches click here.

If you are not already working with a Realtor and would like to see any of these homes please feel free to contact me anytime at 503-706-5563 (cell or text) or Scott@YourRoadMapToHome.com

Your Portland Realtor, Scott McDonald

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Portland Foreclosure List for January 31st 2014

Friday, January 31st, 2014

Here are the new foreclosures listed for sale within the last 24 hours

To see the newest matches from RMLSweb click here, and here. For a complete list of available matches click here.

If you are not already working with a Realtor and would like to see any of these homes please feel free to contact me anytime at 503-706-5563 (cell or text) or Scott@YourRoadMapToHome.com

Your Portland Realtor, Scott McDonald

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Yesterdays Foreclosures for the Portland Real Estate Market

Friday, January 31st, 2014

Yesterday I wasn’t able to get to posting up the foreclosures list so here it is this morning.

Here are the new foreclosures listed for sale within the last 24 hours.

To see the newest matches from RMLSweb click here, and here. For a complete list of available matches click here.

If you are not already working with a Realtor and would like to see any of these homes please feel free to contact me anytime at 503-706-5563 (cell or text) or Scott@YourRoadMapToHome.com

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New Home Listings and Pending Sales Down For Portland

Friday, January 31st, 2014

In the last week we’re seeing a decline in new listings and pending sales in the Portland real estate market; both are gradual slips with a difference of only a handful per day, however the average is slipping.

Here’s the current graph for January for new listings:

 

 

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Today’s Foreclosure List for January 29th 2014

Wednesday, January 29th, 2014

FYI, RMLS recently changed their email updates to send an email early morning and one in the evening instead of the previous format being just one email per day. So this update from here on out will contain TWO “New” foreclosures links from here on out depicted as “here, and here”.

If you have questions let me know!

Here are the new foreclosures listed for sale within the last 24 hours.

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Nationally Foreclosures at Their Lowest Level Since 2007

Wednesday, January 29th, 2014

CNN Money posted up an article recently showing the lowest level of foreclosures since 2007; great news for a market still trying to find it’s feet! Foreclosures were down 26% from 2012 alone; another outstanding stat.

At the top of the foreclosure filing nightmare foreclosures affected 2.23% of all homes, while in a “normal” pre-bubble burst market is normally less than 1% and right now, nationally, we’re seeing 1.04% so we’re still up from normal, but way down from the distressed market we’ve been in for the last 6-7 years.

As a Realtor in the Portland market I can attest to the low number of foreclosures currently available. Just a few short years ago a massive percentage of my business consisted of foreclosures and the dreaded (and I do mean dreaded in regards to short sales) short sales; now it’s become pretty rare to work with either of them. Thing is, one would think after a few years of lots of short sales that they would become easier to work with; that hasn’t been the case in my experience; they seem to have become even more difficult (from a buyers perspective anyway). Previously they could be closed with relative ease (and lots of nagging) but these days seems the few I deal with go no where, and fast. With that said, I’m very happy to see the reduction.

And don’t forget, if you are interested in foreclosures I still track and post them every day on the site and in the blog; get your daily Portland Foreclosure list now!

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Check Out ALL Portland Oregon Metro and Surrounding Area Foreclosures Every Day!

Wednesday, January 29th, 2014

Just wanted to post up a quick reminder that all of the foreclosures currently listed in the Portland Oregon Metro and Surrounding areas (basically Forest Grove to MT Hood, and Woodburn to The Columbia) are posted up on the main site every day.

When you first go to the page to view those listings you’ll be asked automatically if you’d like to have new listings emailed to you as they hit the market as well.

Handy tool for anyone interested in Foreclosures; here’s the link to that portion of the YourRoadMapToHome.com website:

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Portland Real Estate Market – Numbers Tracking Update

Wednesday, January 29th, 2014

This time of year in the Portland real estate market its typical to see a bit of a slump across the board; when it’s cold and rainy out folks just aren’t into the idea of shopping for a home. Adding to this, sellers know buyers are in short supply as well and even so, the buyers that would come through could have wet/muddy feet walking all over their floors they’re not quite as eager to be on the market during this time; so yes, it’s a bit on the slow side this time of year in most years.

This is exactly what we’re seeing in the daily tracking information for today. The total number of residential listings is flat from yesterday still pushing just barely over the 4,000 homes mark with 4,186 homes currently on the market with new home listings gently sliding off for the month. In the last two days new listing activity has been slightly up for the month, however helping to cause the numbers to slide was this last weekend which like past January weekends produced low new listing numbers.

Closings last week were almost a wash from the previous week running around 40 per day on average; just about exactly where they’ve been all month.

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Foreclosure List for January 28th 2014

Tuesday, January 28th, 2014

Here’s today’s list of foreclosures; enjoy!

To see the newest matches from RMLSweb click here. For a complete list of available matches click here.

EDIT: RMLS just sent out another one; here’s that one:

To see the newest matches from RMLSweb click here. For a complete list of available matches click here.

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Foreclosure List for January 27th 2014

Monday, January 27th, 2014

For some reason RMLS has been sending out two of these update emails a day, usually it’s once a day…Now I’m seeing one around 5am, and another that same afternoon; so please forgive the multiple linked lists today.

To see the newest matches from RMLSweb click here. For a complete list of available matches click here.

To see the newest matches from RMLSweb click here. For a complete list of available matches click here.

As usual, if any of these homes (or any other home for that matter) is of interest, please feel free to give me a call, text or email anytime.

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Today’s Portland Foreclosures List for January 22nd 2014

Wednesday, January 22nd, 2014

To see the newest matches from RMLSweb click here. For a complete list of available matches click here.

UPDATE: I received two foreclosure email updates today, here’s the second one:

To see the newest matches from RMLSweb click here. For a complete list of available matches click here.

If you are not already working with a Realtor and would like to see any of these homes please feel free to contact me anytime at 503-706-5563 (cell or text) or Scott at YourRoadMapToHome.com

Scott McDonald

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Foreclosure list for January 14th 2014

Tuesday, January 14th, 2014

Here is the foreclosure list for today January the 14th.
Newest Foreclosure Listigns here.

For a complete list of available matches click here.

And remember, if you’re not already working with a Realtor and are interested in foreclosures, please give me a ring!

Foreclosure List for January 24th 2013

Thursday, January 24th, 2013

Here’s the list of foreclosures for today January 24th 2013. The first link goes to new foreclosures listed within the last 24 hours, the second link is to all foreclosures currently on the market in the Portland metro area.

To see the newest matches from RMLSweb click here. For a complete list of available matches click here.

Don’t forget, If you are not already working with a Realtor and would like to see any of these homes please feel free to contact me anytime at 503-706-5563 (cell or text) or Scott At YourRoadMapToHome Dawt com.

Scott McDonald – Realtor & Principal Broker

Today’s Foreclosure List for January 16th 2013

Wednesday, January 16th, 2013

Here are the new foreclosures listed for sale within the last 24 hours.

To see the newest matches from RMLSweb click here. For a complete list of available matches click here.

If you are not already working with a Realtor and would like to see any of these homes please feel free to contact me anytime at 503-706-5563 (cell or text) or Scott@YourRoadMapToHome.com
 

New home listings increasing in the new year pending sales flat lining and closings dropping

Wednesday, January 16th, 2013

So we’re just two weeks into the new year and we’re seeing some trending happening with the daily tracking of RMLS data that I do and it’s a bit mixed.

First off, inventory is still declining for the most part, down to 4,478 homes currently listed as of today which is well off of the 6,174 homes listed back when I started tracking this information in October which was right around when the decline really started to kick into gear. That’s about a 28% decline in available inventory in just three months time.

This trend however appears to be shifting as new listings after the first of the year have begun to increase from an average of 40 new listings per day through most of December to now peaking just over 60 homes per day listed on average:

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New Foreclosures for January 15th 2013

Tuesday, January 15th, 2013

Here’s today’s foreclosure list for January 15th 2013. Don’t forget, if you are looking for a Realtor to assist you in finding and buying a foreclosure, please give me a call!

Also, this list is emailed out daily, if you would like to be included in that list, please send me an email at Scott at YourRoadMapToHome dawt com.

To see the newest matches from RMLSweb click here. For a complete list of available matches click here.

Scott McDonald

Sellers do not have to sell at list price and in fact, they don’t have to sell at all

Tuesday, January 15th, 2013

In reading through some of my daily articles on real estate I came across a Q&A about a foreclosure where a buyer was countered by the bank well above asking price and was asking if that was legal or not. I’m not going to bother linking to the site here as it was more of a forum then anything else, but it’s a decent topic to cover as I’ve come across this question with buyers/sellers myself a few times.

When a seller lists their home for sale they are in no way actually required to sell the home. Why? Well, it’s the same as anything else you list for sale, you can list / offer something for sale as much as you want, but no one can force you to sell (well, no one except for a court of law or judge). Heck, even on eBay you can refuse to sell once a buyer has won your auction, but you’re likely going to get negative feedback for it; but eBay, nor the buyer, can actually force you to sell the item.

However, in real estate sales if there is a signed contract agreeing to sell to X buyer and X buyer has upheld their end of the contract, refusing to sell at that point could easily land you in court. If however a home is just listed for sale, the seller has zero obligation to accept any offer, even at or over asking price and in fact they can (and sometimes do) counter offers over asking price.

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Foreclosure list for January 12th 2013

Saturday, January 12th, 2013

Here is today’s foreclosure list showing all new foreclosures on the market in the Portland metro area listed within the last 24 hours, as well as a link to all foreclosures currently on the market:

To see the newest matches from RMLSweb click here. For a complete list of available matches click here.

As usual if you are not already working with a Realtor and would like to see any of these homes please feel free to contact me anytime at 503-706-5563 (cell or text) or Scott AT YourRoadMapToHome DOT com

Scott McDonald

Foreclosure List for 1/10/2013

Thursday, January 10th, 2013

Here are the new foreclosures listed for sale within the last 24 hours as of today January 10th 2013

To see the newest matches from RMLSweb click here. For a complete list of available matches click here.

If you are not already working with a Realtor and would like to see any of these homes please feel free to contact me anytime at 503-706-5563 (cell or text) or Scott@YourRoadMapToHome.com

Foreclosures to rise again? Foreclosure backlogs shrinking as processing of foreclosures ramps up

Monday, December 17th, 2012

With the changes in foreclosures processes brought on by the robo-signing issues a backlog of foreclosures was created while banks figured out the new processes and/or changed their policies to adhere to them; additionally states that were previously non-judicial foreclosure states that are moving to judicial foreclosure states created their own backlogs in the process. Now however, it seems that with these issues and new processes ironed out, the backlog is getting processed and shrinking which will result in more foreclosures hitting the market.

This is also evident in my own numbers that I track regularly from RMLS. Foreclosure sales are increasing slightly in the last month and new foreclosure listings have gone from around 8% of new listings to just over 10% of new listings over the last month:

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Foreclosure list for December 17th 2012

Monday, December 17th, 2012

Here are the new foreclosures listed for sale within the last 24 hours as per your request:

To see the newest matches from RMLSweb click here. For a complete list of available matches click here.

If you are not already working with a Realtor and would like to see any of these homes please feel free to contact me anytime at 503-706-5563 (cell or text) or Scott@YourRoadMapToHome.com

~Scott