Don’t it Feel Good! MY Mortgage Loan Approved! More Tales from the Frontlines of Portland Real Estate!

June23


“Walking on Sunshine” by Katrina and the Waves!

So, you may remember that I have been trying to get a loan for another investment property in Portland Oregon in this new tightened credit market.  I have met my fair share of obstacles.  After a “what-seemed-endless” slew of last minute requests for minutia, that absorbed almost 4 hours of my day on last Thursday and some time again on Friday morning, then having to wait a weekend plus intermittent requests for verifications and clarifications this week for the underwriters (who had already said “loan approved with the following conditions”) to review, I get word today that my loan is actually REALLY approved.  What a relief!  But, I don’t actually know if I’m relieved I got the loan or just relieved to be able to quit digging through every piece of paperwork ever produced about or for me???  Just for giggles, some of the last minute “documentation” was a letter (from me) explaining why my income changes from year-to-year?  #1: My job and my income is dependent on the successful sale of someones property and/or finding someone that new and special home or investment property.  #2: This is a question from a lending institution? Are they not aware that the real estate market has been just a wee bit challenged?  Just sayin…
Anyway, I’m so happy. Portland was recently listed by trulia.com as one of the top 10 places to buy rental properties.  Now, the work begins.  The property is located in a wonderful, burgeoning area called the  N Mississippi neighborhood and is also at the east end of the Alberta Arts District but needs some cosmetic updating to “be all that it can be”.  Stay tuned for updates on the renovations!

My New Investment Property in the N Mississippi Neighborhood

My New Duplex/Investment Property in the N Mississippi Neighborhood

About the Author | Janeese Jackson

My job is service...service to you and your real estate transactions! How can you benefit from my 25+ years of experience and expertise? What can I offer to make the process more productive? * Current information on available housing...comparative and competitive market pricing and analysis * Daily involvement in the local real estate marketplace * Thorough, comprehensive knowledge reflecting years of helping others complete their real estate business * Extensive network of professional resources to make the process as smooth as possible My commitment is to you! Being available to you...returning your calls...answering your questions...addressing your concerns...respecting your money...matching your timeline...meeting your expectations...helping accomplish your real estate goals!!

2 Responses to “Don’t it Feel Good! MY Mortgage Loan Approved! More Tales from the Frontlines of Portland Real Estate!”

  1. Hey, I know that house. Seriously, I live in North Portland, in funky ole Kenton. Congrats, and how funny about those last-minute questions. I’ve lived in Kenton 14+ years and it is so exciting to see how it has changed. It’s becoming a vibrant, safe community — and still most affordable. PS – Mississippi Pizza has the best gluten-free crust.

    #42
  2. yes! Love the Kenton ‘hood (and just sold a house there to a client). I’ve wandered up and down Miss Av many times, but will have to check out the pizza. Love the Thai place there on the corner of Mississippi and Skidmore

    #43

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