Posts Tagged ‘Bank Owned’

Halloween Foreclosure List

Friday, October 31st, 2014

Only received three foreclosure email updates from RMLS today, considering we’ve been seeing an increase in distressed homes in the Portland real estate market lately, it’s kind of nice to see only three of these emails today.

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

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


Portland Real Estate Market Update: Inventory Down, Distressed Homes Up

Friday, October 31st, 2014

Normally during this time of year we do see inventory shrinking and indeed this year is no different. Down from roughly 6,400 homes on the market back in late August to 5,640 as of today as this graph shows:




Foreclosures for sale in Portland, Oregon; just listed & price reduced today! 71 of them!

Saturday, October 16th, 2010

Here is today’s list of foreclosures!  If you are interested in receiving a daily email with the bank owned listings homes just listed for sale click here and sign up!  This list includes everything from Government Camp to Johns Landing to Wilsonville to Hillsboro!  Let me know if there’s something you’d like to tour! -Kristie Your Portland Realtor!

What’s up with the freeze on Foreclosures? Should I buy a bank owned home?

Wednesday, October 13th, 2010

Interesting times…. want the quick scoop? Watch my favorite lenders Think Big Work Small on the topic.  In a nutshell, I’m hearing that some home buyers that were supposed to close this week on a bank owned home they were purchasing are seeing the closing dates postponed, in some cases the bank has “bought the house back” (terminated the transaction) or in some cases are experiencing no difficulties at all. Honestly? This is good on many accounts… if the drama continues buyers who really need a homes will begin focusing on homes that are being sold by homeowners, not banks… good for sellers. And I have to add that this couldn’t be happening to a better batch of agents! What?  The majority of the agents representing banks are atrocious to work with. The majority of them have poor customer service, are overloaded with listings and manage the sales poorly or just simply have taken sales for granted while ignoring phone calls, not returning emails, and poorly representing their clients. :)  

Regardless, it will be interesting to see how this plays out, in the meantime sellers need to utilize the concerns buyers may be experiencing towards purchasing a foreclosure and price their home competitively now! Read the MSN article on the foreclosure mess; I wonder where this will end! -Kristie McD. Your Portland Realtor & Real Estate Expert

New Construction & Custom Built Homes in Happy Valley, Oregon is a win-win!

Monday, October 4th, 2010

Scott and I have sold alot of homes in Happy Valley, in fact we think it’s a fantastic place to invest right now as you can buy an amazing grand home with a view, level lot, great school and a great neighborhood all within in a few minute drive to the freeway.  We’ve watched Happy Valley’s housing market go through several changes, short sales, bank owned…. but what we are seeing as the current and growing trend is new construction homes for sale and they are selling fast.  New construction homes are not only competitively priced they are amazingly priced. Smart builders are picking up lots at great prices and passing the savings on to the home buyer. Not only does the home buyer get a new home, they get to chose finishes, make changes to the plans or even design their own.  What we are seeing in the way of resale homes is that the good ones are picked over and the ones left are beat up, distressed , on impossible lots, poorly constructed or attracting multiple offers. When going with a new constructed home you can move into the home you envisioned and not spend an abundance of time waiting for the right one to hit the market. Another advantage is that the home is taxed at today’s value, not a tax assessed value from 2005.

Happy Valley is hot right now, new construction is even hotter.  New home sales is our forte, call me for pricing, lots & plans! -Kristie McDonald, Your Happy Valley Realtor!

Foreclosures just listed /price reduced today. Houseboats, Government Camp, nice pickin’s!

Thursday, September 2nd, 2010

CLICK HERE for today’s just listed and price reduced bank owned listings for sale. The great finds get multiple offers immediately. I Twitter the Portland area foreclosures daily so you can catch them there if you want to watch for them. Tomahawk Island has a houseboat in here, there are also great prices on condos in that area; if you are interested to know more ask me! -Kristie McDonald, Your Portland Real Estate Agent!

Portland Homes for Sale: Portland’s Foreclosure List for Today, great home in Persimmon (the fine part of Gresham)

Friday, July 30th, 2010

The list for Portland’s Bank Owned just listed/ price reduced is smaller today. I noticed alot of homes listed in Gresham and Gladstone in this batch. Occasionally I see a home worth noting.. there is one in Persimmon (everyone’s heard of Persimmon Golf Course right?).  At one point this home was listed as high as $630k, close to it’s taxed assessed value, now you can catch it $400k.  The elementary is Hogan Cedars,  I hear good things about that one…. call me if you want to tour! Below is a link, remember it’s only good for 2 weeks and I Twitter the REO lists everyday on my Twitter account! -Kristie McD.  (503) 577-9395

Today’s Foreclosure list for the Portland, Oregon & Metro Area

Portland Bank Owned Homes For Sale: Foreclosures for Today. Several in here for Gresham and Lake Oswego!

Saturday, July 24th, 2010

Today’s list is quite big for a Saturday. Remember that this list includes just listed AND price reduced! This list does not include short sales (short sales are not bank owned homes). There’s one in here for Sandy, remember that Sandy qualifies for USDA zero down financing! CLICK HERE to see Today’s Bank Owned Homes for Sale!  Remember, if you need an amazing Realtor call the McDonald Group Realtors! (503) 577-9395.

Portland Bank Owned Homes For Sale: foreclosures for the Portland area, this effects home sellers!

Tuesday, July 20th, 2010

Everyday I watch the new REO listings and post them to my Twitter account. I’m amazed at how much the number of REO listings are increasing.  This is not good news for those wanting or needing to sell their home.  However, if you must you need to do so soon while low interest rates are keeping the housing market fluid.  

If you are wanting to sell you are going to have to be priced competitively and your agent will need to stay ontop of competing (reducing) home prices atleast weekly, otherwise don’t sell right now.

If you are needing to sell, list your home competitively and expect you will need to reduce the sale price about $5k every 2-3 weeks until you find the price range that attracts home buyers. 


Portland’s Bank Owned / Foreclosure List for Today

Saturday, May 1st, 2010

I Tweet this list almost every day but thought I’d toss in a blog today. There are some finds in here for West Linn & Lake Oswegoso take a look!  Bank owned homes are still the better opportunity over short sales if you are serious about wanting a home, if you are in no hurry, not affected if interest rates go up, and have alot of patience than go for the short sale! Our team is excellent with both! -Kristie

Foreclosure List for Portland, OR Today! Great Happy Valley Find!

Tuesday, April 27th, 2010

Alot of bank owned in today’s list. Remember that I list the daily foreclosure list every day on my Twitter account. Anyhow, there are some great finds in here, remember that the good ones go quick! There is a nice little find in West Linn Summerlin Condos as well! -Kristie McD.

Check out today’s Bank Owned listings! Happy Valley Deals!

Thursday, February 25th, 2010

Here is today’s line up! There are some great deals on SE Hamilton in Happy Valley if you are okay with stairs. Ask me about the one Hamilton that’s not in this report; it’s priced even better! CLICK HERE for Today’s Bank owned!

As usual we have an abundance of homes priced under $200! This should keep the first time home buyers moving (assuming they can find something that’s financeable!).  I’ve seen the bank owned listing trickle a bit this last week; remember you can catch the bank owned homes here in Portland daily on my Twitter Account!

By the way, we have a great project in Estacada where we have 3-4 bedroom homes plans with 3 car garages under $200k! NEW CONSTRUCTION!  Estacada is only 40 minutes from downtown Portland! CLICK HERE!

Check out this Ryan Olsen Home in Persimmon Golf Course- 1 of my FAVORITE homes! Bank owned!!!!

Monday, February 1st, 2010

The link below shows the 4 foreclosures that listed today (yes, only 4 to the usual 30), but in that small list is a jewel of a find, a Ryan Olsen home!  Listed at about $390k…. take a look! It’s in bumpable status which means there is another offer but that other offer is contingent on their home selling so this lovely is still up for grabs! -Kristie McD.


See Foreclosures/ Bank Owned Homes Just Listed Today in the Portland Area~

Thursday, January 21st, 2010

Interesting list today. Remember I post the REO properties almost daily on my Twitter account.  Anyhow, we have a home in Persimmon here (very nice neighborhood in Gresham), a few homes (although overpriced) in Happy Valley, and of course our HUGE variety of broken down homes under $200k.  There are certainly plenty of first time home buyers to pick those up out there right now!  However the inner Portland Bungalow that everyone REALLY wants is in limited supply.

Incase you are curious, we are seeing multiple offers on homes in that $200k and under price range on a regular basis; if you are that first time home buyer don’t wait until the last minute to purchase and get that credit! -Kristie McD.


Wow! 61 Foreclosures Listed Today in the Portland Metro Area~

Tuesday, January 5th, 2010

It must be all those REO agents coming back to work and banks wanting to move inventory because 61 is ALOT; I usually see about 30. Anyhow, great finds in here if you are looking for West Linn, Beaverton, Gresham, Portland… you name it! The majority of these are first time home buyer or rental investment homes but definitely worth a browse. Many of these in this search are only price reductions, I do recognize alot of the properties in here. Let me know if you want to tour anything or have questions~! -Kristie McDonald


Foreclosures just listed today in Portland, Oregon area- 12/10. Alot in Hillsboro today!

Thursday, December 10th, 2009

bank35 Bank owned REOs listed today! The first one on the list is a houseboat; I don’t see those too often. I only post REO listings once in a while on our Blog but I do Twitter daily with the Portland, OR bank owned listings. GOTO:

For today’s REO Foreclosures just listed! CLICK HERE!  Remember that these listing  links are only good for two weeks!

-Kristie McD.   McDonald Group Realtors!~

See Foreclosures listed today 11/25 in the Portland area & let’s talk about earnest money trend with bank owned purchases!

Wednesday, November 25th, 2009

bankThe link to today’s bank owned listings is linked below; nothing real exciting … alot of property under $230,000 as usual. There is a brownstone in here located up in Forest Heights (one of my favorite neighborhoods). Those particular townhomes were having HOA litigation issues for a while but I think they are resolved or close to being resolved; that should really help to get those units moving again.

I want to talk about a growing trend with bank owned listings…. cashier’s checks! And for larger amounts too…  AND frequently less than two days notice to have one in hand to the listing agent so that it can be overnighted for deposit. I understand the purpose to doing this (weeding out the not so serious buyers) but they need to get reasonable with their response time expectations. I’m experiencing a transaction with ServiceLink right now that has really put me and my clients on edge with their forms and time constraints.If you are going to write an offer on a bank owned be prepared to put forth cash quick!  -Kristie McD. Your Portland Realtor!

Now for the bank owned listing for today CLICK HERE!

Over 30 Foreclosure REO Homes Listed in Portland, Ore area today; WOW! But…

Saturday, November 21st, 2009

bankThat’s alot of Bank owned listings today, especiall for a weekend… however, as usual, the majority of them are under $250,00 and the majority of those under $200,000. Not too many higher end homes, if you are looking for something in West Linn there is a great one towards the end of the report. If you aren’t already working with an agent and want to see something let me know! -McDonald Group Realtors

TO SEE TODAY’S BANK OWNED LISTINGS (and some only price reduced) CLICK HERE!

Foreclosure homes listed today in Portland; there is a great find in Happy Valley in this line up today!

Friday, November 20th, 2009

bankWow! The one on 13428 SE KANNE RD in Happy Valley is a great price & home; $357,000 and under $90 per sq. ft. I expect it will sell over asking.  There are 29 REO listings in today’s link (below), that’s quite a few~!  Good catch in Lake Oswego too!  Anyone looking for acreage in Sandy for under $210,000 I have a new listing coming up; ask me about it! -Kristie McD.

To see all bank owned foreclosures that hit the Portland market today CLICK HERE!

46 Bank Owned REO “Just Listed” Today! Gresham & Fairview are in here a few times!

Saturday, November 14th, 2009

bankThis 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! 

John Ross from South Waterfront is in here twice, those are popping up more frequently and I noted a great home in Gresham off of Regner!  Let me know if you want to tour anything! 

Remember, to purchase these bank owned homes doesn’t take months like the short sales, you usually get an answer within 3-4 days. Scott & I have these down to a science, call us if you have any questions!!! -Kristie McDonald


37 Bank Owned Homes Listed in or around Portland Today! Investors there are some great ones in here!

Wednesday, November 11th, 2009

bank37, 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


REO Bank Owned Homes Just Listed Today 10/31/09. Pretty Big List Today.

Saturday, October 31st, 2009

bankUsually the weekend REO list is very short but today we have quite a collection.

I saw a condo for the John Ross in here today; I haven’t seen any bank owned pop up there for some time. If you don’t know where the John Ross Condominiums are just make a note of the Porland South Waterfront area. That’s were you see all the tall condo towers built down by the waterfront. Yes, they built too many and that’s why you can find an amazing deal there, however know that if you purchase there you will need to hold onto it for sometime as it’s going to take several years for that area to recover. If you think you can purchase and rent it out, think again… there are already an amazing number of rentals in the area. Interesting, I’m finding that corporate housing is being offerred in the area for recruits and job transfers until they are able to find permanent housing; GREAT idea! That could put Marriott Courtyards out of business!


If you want to tour any of these bank owned listings (and you aren’t already working with an agent), give me a call! -Kristie McD.

REO Homes for Sale -Just Listed Today for all Portland, Oregon Area

Wednesday, October 28th, 2009

bankHere’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


Here’s the REO /Bank owned homes listed today! Catch the one in Beaver Lake Estates in Oregon City!

Tuesday, October 20th, 2009

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! 

Also, catch the condo in the Pearl at The Avenue Lofts, $231,0bank00 for less than 820 sq. feet…. the Pearl District is spendy but this price isn’t bad! -Kristie McDonald your Portland Realtor!


Here are the Bank Owned Homes just listed for today 10/18. Forest Heights has one in here! Great one in Tigard too!

Sunday, October 18th, 2009

Wow! You don’t see bank owned homes pop up in Forest Heights too often. Forest Heights is one of my favorite places in all of Portland.  I refer to it as the oasis in the city. The walking trails and variety of new homes is amazing!  Very Stepford Wives like. It’s very close to Portland and seems to attract alot of doctors that work at nearby hospitals.  Also, check out the listing in Tigard in Barrington Heights just off Beef Bend Road….! -Kristie McD.   Everything.Portland. Real Estate.

CLICK HERE for today’s listings of Bank Owned Homes that hit the Portland, Oregon area market today. Remember bank owned does not mean short sale.