Archive for February, 2013

How To Tell If the Condo You Are Buying or Selling is Certified for Mortgage Financing!

July28
This is a reprint of the Weekly Mortgage Update by Rodd Miller of Pacific Residential Mortgage.  Please don't hesitate to call Rodd at 503-699-5626 with any questions! Since the housing bubble burst, tighter restrictions have been implemented on condo financing. Many lenders suffered their biggest losses from defaults on condominium loans. These restrictions include higher interest rates and lower approval rates. Above and beyond the financial situation of the borrower, lenders now verify that the condo association or HOA is financially sound as well. 
Lenders follow guideline… Read More

July 2014 Portland Metro Real Estate Update!

July21
"Summertime" - Norah Jones It’s Summertime in Oregon, when we enjoy some of the best weather on the planet!!! I’m a little late with this month’s market review, so I’ll keep this short and sweet. It’s been a busy month! In real estate, it’s more of the same, a “steady-eddy” market that seems solid, stable and reasonable. We are holding steady for the 3rd month in a row at 2.8 months of inventory.   BUYERS: What does this mean for buyers? The Federal Reserve officials agreed at June’s meeting to end their bond-buying program in October, putting an explicit end … Read More

For Sale! Elegant, Sophisticated, Resort-Style Living at Peterkort Woods! $415,000. ML#14538431

July18
RESORT LIVING IN ONE OF PORTLAND'S BEST TOWNHOME COMMUNITIES! 10239 SW TAYLOR ST, PORTLAND, OR 97225 2 Master suites, 2.5 Baths, Approx 2121 SF Like new, attached housing, town home community Great room living, high ceilings, hardwoods on the main … Read More

Sale Pending! Cute, Cute Woodstock Neighborhood Ranch Style Home! 5620 SE 57TH AV, PORTLAND. $255,000. ML#14533568

July17
SUCH A CUTE HOME! MOMENTS FROM THE HEART OF WOODSTOCK! 5620 SE 57TH AV, PORTLAND, OR 97206 3-Bedrooms, 1-Bath, approx 1040sf One-Level living! Remodeled kitchen & bath Newer bamboo flooring throughout Stone patio, low maintenance yard Taxe… Read More