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!
Short sales are notoriously risky, unreliable and frustrating primarily because of
how the banks are processing them; at a snails pace and often void of logic and reason. As Realtors in the Portland market we’ve seen more than our share of short sale transactions and we’ve seen a number of them go to foreclosure, list and sell for a price very close to a short sale offer that was on the property before it foreclosed, occasionally for more than the REO list price. This is doing a dis-service to everyone involved including the bank itself as it’s not cheap to foreclose on a home. The National Association of Realtors yesterday aired some grievances about the foreclosure, loan modification and short sale processes and have apparently been meeting with some of the largest banks to discuss these issues, like Bank of America, Wells Fargo and they have meetings scheduled with JP Morgan Chase and Citi. Read more about it here if you’re an Inman subscriber or here if you are not (yes, the latter is a blog, but it posted the article subscription free).
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. 
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!
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.
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.
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!
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.
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.
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
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.
