Today’s just listed and price reduced REO homes today have an interesting house for sale… it’s in West Linn at 25255 SW Petes Mountain Road and is intriguing! Priced at $709,900. Taxes are based on $1,129,667 incase you’re curious. I think I would be looking into a tax appeal on this one). This home sits on over 5 1/2 acres!
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!
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. 
Take a peak at this video, these guys keep me up to date on all the mortgage lending issues pertinent to the real estate industry! Sounds like Wells Fargo won’t be sitting on their foreclosure inventory like many of the other banks have been doing…. I agree that we need to rip the band aid off and get through this market.
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!
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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.
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
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.
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
Yep! It probably is. Until an offer is received, the short sale process between the homeowner and the lender(s) cannot begin. In other words, the seller & listing agent need an offer, any offer, before they can turn in the initial packet required to get the process started. You are likely being used; they just want your offer.
35 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: twitter.com/kristiemcd
The 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.
Wow! 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.
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!!!)