A Potentially Sweeter Holiday for Short Sales

Just in time for the holidays, a bill is heading to President Obama’s desk to allow tax relief for those with short sale mortgage forgiveness in 2014. In short (no pun intended), a short sale is a real …

The “New” Real Estate Market in Portland

What a difference a couple of years makes!  In February of 2011, I ran a search in RMLS that resulted in 4208 active listings in Portland.  441 of those were bank owned (REO) and 750 were short sales.  …

Updated Short Sale Flowcharts

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 …

Short Sale Flow: Chart for Buyers

The process for buying a short sale is similar to the purchase of a conventional or bank owned property with a few key additions.  The biggest difference is that a short sale adds at least one more decision …

Short Sale Flow: Chart for Sellers

There is an overall big picture for short sales but the process is different for the buyer or seller.  This flow chart outlines the process for the seller. This is a simplified version of a complex process so …

Short Sale Process Flowchart

Short sales are going to be a part of the Portland real estate market for quite some time.  In its simplest form a short sale is where one or more lenders must approve a real estate sale because …

Portland Short Sale and Bank Owned Property

Searching RMLS for residential property this morning there are 4208 Active listings in Portland. Of those, 441 (10.4%) are bank owned. There is a single listing over $1,000,000 priced at $1.7M. 750 (17.8%) are listed as short sales. …

October 2010 RMLS Market Action

You’ll have to look pretty hard for good news in the October 2010 RMLS Market Action. One bright spot is that there is an increase in the number of closed transaction through October 2010 compared to 2009. This …

Short Sale and Foreclosure Resource SFR

Turner Realtor Team members Jennifer Turner and Susan Horvat have completed the NAR’s SFR designation.  Adding to the alphabet soup of Realtor initials, SFR stands for Short Sales & Foreclosure Resource.  The SFR press release cites, “According to …

After the Short Sale

Little crunched on time today as I am holding our annual open house at our home for the Historic Registry Special Assessment Program but this just came from our branch manager and is timely given our past posts …