Posts Tagged ‘foreclosures’

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.

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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:

 

 

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New Foreclosures in the Portland Market

Thursday, October 11th, 2012

Below are the links to the new foreclosure lists for today. As usual, first link is to the new ones listed within the last 24 hours, the other link is to all currently listed foreclosures.

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

Today’s Foreclosure List – a New Series

Wednesday, October 10th, 2012

There are a lot of folks regularly watching the market for foreclosure opportunities so in an effort to make that easier I’ll be posting the daily foreclosure list here. This is a complete list that shows all foreclosures listed for sale in the entire Portland area and surrounding areas and cities. The links I will be posting will have a link to the newest listings (listed within the last 24 hours) and a link to all listings currently active on the market.

Of course and as usual, if you’re looking for a Realtor to work with to find foreclosure opportunities please give me a call.

Here’s the list:

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

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Bank owned Homes/ Foreclosures just listed in West Linn today. Pete’s Mountain House is interesting….

Thursday, October 21st, 2010

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!

Want to see this home or others? Curious about Pete’s Mountain? I’d love to work with you! However, if you are already committed to an a real estate agent (that you are happy with) PLEASE stay FAITHFUL!  -Kristie, Your Portland Realtor!

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

Wells Fargo getting tough on foreclosures & short sale extensions!

Monday, October 4th, 2010

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.

The BIG news is that Wells Fargo is saying they won’t extend foreclosure dates on short sales. This is a big one guys, this means if you write an offer on a short sale it is even LESS likely that you will make it to the finish line. The banks, Wells Fargo included, do not respond to short sale offers promptly as it is, if they aren’t going to push out the foreclosure date then that not only leaves the listing agent scrambling to find a buyer in shorter time, but means it’s even less likely that if they do find the right home buyer, that everything will come together before the drop dead foreclosure date. 

On a positive note I will say that we are experiencing an increase in successful short sales overall; I think the bank’s are starting to figure it out! Close one just last week in fact!  -Kristie, Your Portland Oregon Short Sale 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 Realtor Guide: NEW Buckman Neighborhood Profile at Your Road Map to Home

Friday, August 20th, 2010

Check out the new neighborhood profile detailing the neighborhood of Buckman in Southeast Portland, filled with quirky culture, classic Old Portland homes, and some of the best dining and shopping in town. The Buckman neighborhood is progressive and proud, and provides easy commuting access downtown via the Burnside, Hawthorne, and Morrison bridges. Buckman includes parts of two of the most popular retail districts in town, Hawthorn and Belmont Streets, complete with vintage stores, great brunch spots, and open parks.  Combining the best of urban accessibility and comfortable, small-neighborhood atmosphere, Buckman is quintessential Portland.

If you’re looking for homes, condos, or other real estate in Buckman or other Portland neighborhoods, check out this information page filled with the best restaurants nearby Buckman, top hikes and green spaces, and neighborhood resources. Relocating to a new area can be hard, but it’s a lot easier when you’ve got the best real estate agents in Portland on your side.

Contact the McDonald Group realtors to find out about homes for sale in Buckman, or Click here for more information!

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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. 

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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.

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

SEE TODAY’S FORECLOSURES BY CLICKING HERE:

Look at the price on that SHORT SALE! It’s too good to be true!

Sunday, December 13th, 2009

dealYep! 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.

Let’s look at pricing. Firstly, agents and buyers know that short sales are a long shot regardless, so there must be a price incentive for the short sale to look better than the bank owned properties that can close in 30 days.  With this in mind, if a short sale were to be priced at a fair market value it would likely never generate that first offer, if a short sale home were “priced to sell” it may get an offer, if a short sale home was priced at a ridiculously low price (it doesn’t matter if the bank would even consider it or not) then you are certain to generate atleast one offer to get the short sale process started and likely even multiple ones!

So if you see a short sale in your price range that looks too good to be true, remember that the listed price may be the equivalent of an Ebay minimum bid, and the reserve price (what the bank will accept -if they accept anything at all) may be closer to that fair market value price. 

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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: twitter.com/kristiemcd

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!

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!

See a List of All Bank Owned Listings that Just Hit the Portland Market today (short sales excluded)

Saturday, October 3rd, 2009

bank1I 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!!!) :)

This link is good for about 2 weeks!:  CLICK HERE