Portland Short Sales

Portland Short Sales

Short Sales are not as big a part of the market this year as they were in the past. For example in February of 2010 there were 1838 closed short sales in the Portland Metro area. Compared to January of 2014 with only 264 closed short sales in the Portland Metro area. Obviously, the market is moving away from short sales and is stronger than ever in the inner NE, SE, NW and SW areas. 

I closed a cooperative short sale in the past with Bank of America (BOA), and I must admit that it was very interesting.  Instead of being in an adversarial relationship, we worked together from the very beginning. In this type of short sale, the bank pre-approved a sale price, so if an offer comes in at the pre-approved price, the response from the bank should come within 48 hours.  This is quite an improvement compared to the 4 to 6 month wait usually associated with short sales. This year I have closed one short sale that was relatively easy from start to finish, so it is possible even in our recovering market. 

This page is primarily dedicated to properties that are "FOR SALE", but if you are interested in how to stop foreclosure in Portland, please give me a call 503-810-2219.

Search Results

23 Listings found with the following criteria:

  • Foreclosure status: Short Sale
  • Property type and category like any: CONDO, DETACHD, ATTACHD

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17257642 1
Address:
65881 E BARLOW TRAIL RD Rhododendron, OR 97049
Price:
$750,000
Sqft:
4428
MLS#:
17257642
Built:
1949
Beds:
5
Baths:
4.0
County:
Clackamas
Taxe/yr:
$5,753.09
Schools:
Welches / Sandy
Lot Size:
10 to 19.99 Acres
Acres:
11.84
Courtesy:
M Realty LLC - L.O.
Status:
Active

View Details
Beautiful Remodel home.30 minutes from Mt. Hood. PROPERTY IS DIVIDABLE, creek & pond, backs up to BLM property. 3 master bedrooms, 2 living rooms, office, sitting room & spacious kitchen & dining. Built in hot tub & bbq area w/water & fridge. Shop w/carport, wood working shop, tool shed...Seller say Bring offer!!!
17200968 1
Address:
9485 SE CHIANTI TER Happy Valley, OR 97086
Price:
$700,000
Sqft:
5742
MLS#:
17200968
Built:
2004
Beds:
4
Baths:
3.1
County:
Clackamas
Taxe/yr:
$11,164.56
Schools:
Happy Valley / Clackamas
Lot Size:
10,000 to 14,999 SqFt
Acres:
0.32
Courtesy:
Handris Realty Co.
Status:
Active

View Details
Short Sale!!! Beautiful home located in a secluded area with a lot of amenities!!! A Must See!!!
17613182 1
Address:
14325 S LEABO RD Molalla, OR 97038
Price:
$699,000
Sqft:
3625
MLS#:
17613182
Built:
1990
Beds:
4
Baths:
3.0
County:
Clackamas
Taxe/yr:
$4,311.42
Schools:
Rural Dell / Molalla
Lot Size:
10 to 19.99 Acres
Acres:
19.69
Courtesy:
RE/MAX HomeSource
Status:
Active

View Details
Country life style awaits! Custom home w/spacious interior and natural surroundings on nearly 20 acres. Includes hardship hook-up (but not the manuf. home & shop bldg).Spacious home, with option for 2nd Master BR on upper level. Enjoy wild life, natural setting. XXL attached garage is used as hobby / shop space.
17634867 1
Address:
3107 NE 158TH AVE Portland, OR 97230
Price:
$579,900
Sqft:
3361
MLS#:
17634867
Built:
1979
Beds:
5
Baths:
3.0
County:
Multnomah
Taxe/yr:
$6,967.35
Schools:
Margaret Scott / Reynolds
Lot Size:
10,000 to 14,999 SqFt
Acres:
0.25
Courtesy:
Living Room Realty
Zone:
R7
Status:
Active

View Details
Great contemporary home in the Wilkes Neighborhood. Mountain views from a fabulous corner lot. Two bedroom one bathroom basement apartment with kitchen and living room area. Open house 6/24 from 1pm to 3pm.
16177132 1
Address:
20856 S SPRINGWATER RD Estacada, OR 97023
Price:
$525,000
Sqft:
3372
MLS#:
16177132
Built:
1984
Beds:
4
Baths:
3.0
County:
Clackamas
Taxe/yr:
$5,490.66
Schools:
Clackamas River / Estacada
Lot Size:
3 to 4.99 Acres
Acres:
4.95
Courtesy:
RE/MAX Preferred Inc.,REALTORS
Status:
Active

View Details
Beautiful 4.95 acres on the view side of Springwater Rd. Amazing unobstructed views of Mt.Hood, Mt. St. Helens, and territorial. Mostly flat usable land back to McIver Park. 3564 sqft, 1984 day ranch with separate living quarters in the lower level. Needs remodel or remove and build your dream home. Fenced and gated, detached garage and shop.
17619517 1
Address:
6852 SW GLENWOOD CT Wilsonville, OR 97070
Price:
$455,000
Sqft:
3077
MLS#:
17619517
Built:
1993
Beds:
4
Baths:
2.1
County:
Clackamas
Nhood/Bldg:
WILSONVILLE MEADOWS
Taxe/yr:
$7,004.13
Schools:
Boeckman Creek / Wilsonville
Lot Size:
7,000 to 9,999 SqFt
Acres:
0.21
Courtesy:
Knipe Realty NW, Inc
Status:
Active

View Details
Great family Smart Home with large bonus room that can be used as extra bedroom! Open layout, lots of natural light and high ceilings throughout. Granite counter tops, beautiful cabinetry, ss appliances, hardwoods floors, surround sound and office on main floor.
17045166 1
Address:
730 NW NAITO PKWY E27 Portland, OR 97209
Price:
$371,000
Sqft:
1070
MLS#:
17045166
Built:
1982
Beds:
2
Baths:
2.0
County:
Multnomah
Nhood/Bldg:
MC CORMICK PIER
Taxe/yr:
$4,191.92
Schools:
Chapman / Lincoln
Courtesy:
Fresh Start Real Estate, Inc.
Zone:
RX
Status:
Active

View Details
Stunning 2/2 upper level waterfront condo. BR & full bath on main level. Granite kitchen, maple cabinets, laminae flooring, built-ins, central AC, balcony looking out over river. Washer/dryer hookups in unit. Seasonal pool, year-round spa, BBQs on property. Gated waterfront access. Walk to grocery store, Cafe & Pub, & Pearl District entertainment. 1 dog/cat allowed w/BOD approval. No rent cap, litigation, or special assessments pending.
13443296 1
Address:
5218 SW ARNOLD ST Portland, OR 97219
Price:
$369,000
Sqft:
1578
MLS#:
13443296
Built:
1991
Beds:
3
Baths:
2.1
County:
Multnomah
Taxe/yr:
$3,928.00
Schools:
Markham / Wilson
Lot Size:
3,000 to 4,999 SqFt
Acres:
0.11
Courtesy:
Equity Oregon Real Estate
Zone:
R5
Status:
Active

View Details
Great 3 bedroom, 2.1 baths in close in neighborhood. Minutes to Ptld. Bamboo floors on main, vaulted ceilings, tile floors in baths, granite countertops in kitchen and bath, new paint. Large deck and private backyard. All on a quiet dead end street.
17479925 1
Address:
7521 SW THORNTON DR Wilsonville, OR 97070
Price:
$357,000
Sqft:
2068
MLS#:
17479925
Built:
1998
Beds:
4
Baths:
2.1
County:
Clackamas
Taxe/yr:
$4,365.11
Schools:
Boeckman Creek / Wilsonville
Lot Size:
3,000 to 4,999 SqFt
Acres:
0.08
Courtesy:
MORE Realty
Status:
Active

View Details
Charming Traditional with tall ceilings, open flr pln & many windows. Lvg rm w/cozy fireplace and opens to dining area & kitchen for easy entertaining. Air conditioned, Fenced patio & sprinkler. Highly desired neighborhood. Easy access to award winning schools, Xerox and freeway. Short sale with 2 lenders.
17494580 1
Address:
18366 SW SADDLEBROOK CT Aloha, OR 97003
Price:
$349,900
Sqft:
1741
MLS#:
17494580
Built:
1998
Beds:
3
Baths:
2.1
County:
Washington
Taxe/yr:
$3,685.79
Schools:
Beaver Acres / Aloha
Lot Size:
5,000 to 6,999 SqFt
Courtesy:
Oregon Realty Co.
Status:
Active

View Details
Excellent location near the end of a dead end street. Unique design. You will be enchanted with the high ceiling in the living room and the very different stairway to the second floor. Nice fenced back yard. The loft could be another sleeping area or office space. Well maintained home ready for you to move right in.
17419006 1
Address:
19010 SW BONNIE MEADOW LN Aloha, OR 97003
Price:
$300,000
Sqft:
1717
MLS#:
17419006
Built:
2001
Beds:
3
Baths:
2.1
County:
Washington
Nhood/Bldg:
Bonnie Meadows
Taxe/yr:
$3,824.90
Schools:
Beaver Acres / Aloha
Lot Size:
3,000 to 4,999 SqFt
Acres:
0.1
Courtesy:
Knipe Realty NW, Inc
Status:
Active

View Details
Adorable home with open floor plan, lots of natural light and gas fireplace! Minutes away from multiple parks. Large master with vaulted ceilings. Backyard includes patio and space for your own garden!
17127829 1
Address:
821 SE ROBIN WAY Gresham, OR 97080
Price:
$299,000
Sqft:
1876
MLS#:
17127829
Built:
1979
Beds:
3
Baths:
3.0
County:
Multnomah
Taxe/yr:
$2,905.07
Schools:
Kelly Creek / Gresham
Lot Size:
7,000 to 9,999 SqFt
Acres:
0.18
Courtesy:
Mountain View Realtors LLC
Status:
Active

View Details

23 Listings found with the following criteria:

  • Foreclosure status: Short Sale
  • Property type and category like any: CONDO, DETACHD, ATTACHD

Narrow your search »

Portland Short Sales In 2013?

The mortgage debt relief act was scheduled to end on December 31st 2012, but lawmakers managed to get an extension of this law passed as a part of the "Fiscal Cliff" legislation.    The way that the law works is as follows: When a property owner sells his or her home as a "Short Sale" the bank takes a loss.  That loss could be a taxable event for the homeowner because it results in a 1099 from the bank to the homeowner for the amount of the loss.  The Mortgage Debt Relief Act extends the amount of a time that a homeowner can be exempt from this "Phantom Gain" until the end of 2013,

Short sale inventory in Portland has been drying up.  See the graph below:

Portland Short Sales 2012

As this graph clearly illustrates, the number of short sale listings placed on the market have declined substantially over the period of Jan. 2012 to Dec. 2012.   This decline may in part be to the uncertainty about whether or not congress would approve an extension of the Mortgage Debt Relief Act.

Now that the uncertainty has been removed for 2013, I expect many sellers who are still "underwater" to list and sell their homes.  Inventory in the Portland Metro Area remains low, and short sales are a significant part of overall sales.  In 2012, approximately 831 short sales were recorded in Portland.  There were about 1139 bank owned (REO) sales and there were about 6919 traditional sales.  In other words, about 9% of the sales recorded in Portland last year were short sales... about 13% were bank owned sales, and about 78% were traditional sales.

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