Archive for the Short Sales and Foreclosures Category

Buying a Home After a Short-Sale or Foreclosure!

November16
"Songs of Hope" - Mashup/Various Artists Many people have gone through a Short-Sale or Foreclosure in the past several years in the Portland Oregon area (as well as throughout the country) and are under a false impression that they have to wait a decade or longer to buy again. Here's the reality on waiting periods: Foreclosure  -  3 years for FHA (Federal Housing Administration - a government backed loan) or Conventional financing, 2 years for VA  (Veterans Administration - a government backed loan).  There are some other benefits to FHA/VA financing that make these loans very a… Read More

Life is Full of Competitions! How Do You Win in Portland Real Estate?

September8
"Winning" - the Charlie Sheen song (on ITunes) Competing with Cash I have recently had Portland metro real estate listings that have received cash offers AND I've been representing buyers in multiple offer situations up against cash offers. It's just not fair (unless you are the buyer with cash)!   29% of all sales in the US made in June and July 2011 were cash. How does a buyer who needs a mortgage compete with a cash buyer?  And, why the "uptick" in cash offers.  A sideline note:  have you looked at the stock & bond market numbers lately?  Many people are "parking" their mone… Read More

June 2011 Portland Metro Real Estate Update!!

June17
"Good News, Bad News" w/George Strait & Lee Ann Womack June 2011 Portland Metro Real Estate Update! So, do you want to hear the “good news” or the “bad news” first???  Despite the recent bout of less-than-stellar economic news, the momentum in real estate sales in the Portland Metro area continues.  Short-sales and foreclosures continue to put pressure on pricing and there is no denying that those prices are determining market value!  As always, every neighborhood is affected differently.  But, I am still seeing well-priced investment properties and aggressively pr… Read More

Having Trouble Paying Your Mortgage in Oregon?

January9
"HELP", the Beatles!!  The state of Oregon received federal dollars to help struggling homeowners in our community, but you MUST APPLY by January 14th, 2011!!  If you or someone you know is a homeowner facing financial difficulties, this could be a program to investigate.  You can start by visiting www.oregonhomeownerhelp.org or calling 1-800-SAFENET to find out if you qualify!  Qualified Oregon homeowners can have their mortgages paid for up to one year or $20,000!! For those in the Portland metro area, there's a specific Multnomah County application center located at the Doubletr… Read More