We’ve updated the flowcharts that we created to explain the short sale process. There are three perspectives: Short Sales for Buyers, Short Sales for Sellers and an Overview of the Short Sale Process. Those are the links to the original posts. These are the revised charts:
Every short sale is different and may or may not mirror the charts presented here. As of 11/11/11 there are 667 properties listed as short sales of the 3459 homes for sale in Portland (19.2%).