Archive for June, 2012

Set Up Your Own Accelerated Mortgage Pay-Off Plan!!!

"Tighten Up" - The Black Keys This is a re-posting of an article written by Clark Howard, a nationally-syndicated consumer expert who shows consumers ways to save more, spend less and avoid getting ripped off. His radio show is heard every day on more than 200 radio stations throughout North America. Go to for more!   Have you received an offer in your mailbox promising that you could save $10,000, $20,000 or even $30,000 on your mortgage by getting set up on a bi-weekly payment plan? It sounds appealing, but there's a much smarter way to approach bi-weekly… Read More

June 2014 Portland Metro Real Estate Update!!

a compilation of summer songs Summer solstice is upon us and we have been enjoying summer-like weather rather early this year! And, our local real estate market continues to see seasonal gains. The average sales price is now $327,200, which is up 9.1% from the same time in 2013 when the average was $299,900. But, overall we are seeing a slight cooling compared to 2013. Pending sales and closed sales are down 2.7%. Our inventory in months is again (same as last month) at 2.8 months of existing inventory. But, that is really, really low!! All in all, I saw the last month offer a little repr… Read More

What is Escrow? Understanding the Escrow Process!

"Don't Worry, Be Happy" - Bobby McFerrin An escrow is an arrangement in which a neutral third party (the escrow agent) assembles and processes many of the components of a real estate transaction, record the trisection and ultimately, disburses and distributes the funds according the buyers', seller' and lender' instructions.  Your traction is typically closed by an Escrow Officer.  People buying and selling real estate usually open an escrow for their protection and convenience.  Both the buyer and seller rely on the escrow agent to carry to their written instructions relating to the t… Read More

What is Title Insurance?

Led Zeppelin - What is and What Should Never Be Whether you are a buyer or a seller, attempting to clarify and/or compare your closing costs can be a challenge!  Many times I am asked "exactly what is title insurance and what does it do for me"???  As a seller, it can be a relatively large line item (following your loan pay-off and Realtor fees) and as a buyer it can be a smaller (albeit still a component) of your over-all closing costs. Title is a bundle of rights in real property.  Protecting purchasers and lenders against loss is accomplished by the issuance of a title insurance … Read More