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

20 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!!!
17490538 1
Address:
2794 LANCASTER ST West Linn, OR 97068
Price:
$560,000
Sqft:
3750
MLS#:
17490538
Built:
1999
Beds:
5
Baths:
3.2
County:
Clackamas
Taxe/yr:
$6,717.43
Schools:
Sunset / West Linn
Lot Size:
7,000 to 9,999 SqFt
Acres:
0.21
Courtesy:
Keller Williams-PDX Central
Status:
Active

View Details
Beautiful, spacious Craftsman home! Great views of West Linn from the sun soaked decks. Oak floors on main level with practical open floor plan. Kitchen features large island with an eat bar and counter/cupboard space to spare. Master suite with walk in closet, additional dbl closet and private deck. Lower level with media room and bonus space with fireplace and access to the yard. Near new elementary school, park, shopping and dining.
17634867 1
Address:
3107 NE 158TH AVE Portland, OR 97230
Price:
$539,900
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 Sun 7/9/17 from 1-3.
17383901 1
Address:
9735 SW NACIRA LN Tigard, OR 97223
Price:
$475,000
Sqft:
3066
MLS#:
17383901
Built:
2002
Beds:
5
Baths:
2.1
County:
Washington
Nhood/Bldg:
NACIRA PARK
Taxe/yr:
$5,177.09
Schools:
Cf Tigard / Tigard
Lot Size:
7,000 to 9,999 SqFt
Acres:
0.18
Courtesy:
Keller Williams Sunset Corridor
Status:
Active

View Details
Entertainers delight! You will enjoy the spacious open floor plan w/ access to private yard/deck with hot tub. Cherry hardwood floors, vaulted master suite. Central air, corner lot, fenced yard. Lots of storage! Convenient location.
17662542 1
Address:
49512 SE BATY RD Sandy, OR 97055
Price:
$365,000
Sqft:
2032
MLS#:
17662542
Built:
1980
Beds:
4
Baths:
2.0
County:
Clackamas
Taxe/yr:
$3,721.24
Schools:
Firwood / Sandy
Lot Size:
10 to 19.99 Acres
Acres:
18.55
Courtesy:
Kelly Right Real Estate of Portland, LLC
Status:
Active

View Details
Short sale. Spacious 2-level home on over 18 acres. 4 bedrooms, 2 bathrooms, family room and living room. Secluded and private but with easy access to Hwy 26. Great for horses and hay. BPA transmission lines over back pasture. A lot of house and land for the price, come take a look today!
17636510 1
Address:
3400 SE JOHNSON CREEK BLVD Portland, OR 97222
Price:
$360,000
Sqft:
2360
MLS#:
17636510
Built:
1911
Beds:
3
Baths:
1.1
County:
Multnomah
Taxe/yr:
$4,450.73
Schools:
Duniway / Cleveland
Lot Size:
10,000 to 14,999 SqFt
Acres:
0.33
Courtesy:
Berkshire Hathaway HomeServices NW Real Estate
Zone:
R10
Status:
Active

View Details
Short sale. Property sold as is. Short sale negotiated by Agape Negotiations LLC #801112. Buyer to pay negotiation fee in the amount of $4, 900.00. Seller will not complete any repairs. LA is owner of Agape Negotiations LLC.
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.
16324232 1
Address:
5042 NE ROSELAWN ST Portland, OR 97218
Price:
$308,000
Sqft:
1458
MLS#:
16324232
Built:
1990
Beds:
3
Baths:
2.0
County:
Multnomah
Taxe/yr:
$4,696.87
Schools:
Rigler / Madison
Lot Size:
5,000 to 6,999 SqFt
Acres:
0.12
Courtesy:
Mal & Seitz
Zone:
R5
Status:
Active

View Details
Perfect location in cul de sac. Close to everything. Nice split level home. Spacious rooms, 3 beds and 2 baths. Family room on lower level. 2 car garage.
17611720 1
Address:
1690 NE 15TH AVE Hillsboro, OR 97124
Price:
$298,804
Sqft:
1388
MLS#:
17611720
Built:
1956
Beds:
3
Baths:
1.1
County:
Washington
Taxe/yr:
$2,523.15
Schools:
Lincoln / Glencoe
Lot Size:
10,000 to 14,999 SqFt
Acres:
0.29
Courtesy:
Keller Williams-PDX Central
Status:
Active

View Details
Fixer home on an oversized lot. Home feels much larger than the sq footage. Several outbuilding/sheds and a large covered patio. List price is bank approved.
16074954 1
Address:
16497 FREDERICK ST Oregon City, OR 97045
Price:
$280,000
Sqft:
1640
MLS#:
16074954
Built:
2000
Beds:
3
Baths:
2.1
County:
Clackamas
Nhood/Bldg:
CLACKAMAS HEIGHTS
Taxe/yr:
$3,476.89
Schools:
Holcomb / Oregon City
Lot Size:
5,000 to 6,999 SqFt
Acres:
0.15
Courtesy:
Knipe Realty NW, Inc
Status:
Active

View Details
Newer great room style home with gas range, fireplace, and furnace. Kitchen island, fenced yard, and more. Cosmetic fixer with great potential!
15681851 1
Address:
87966 E ALPENGLOW LN Government Camp, OR 97028
Price:
$275,000
Sqft:
1240
MLS#:
15681851
Built:
2004
Beds:
2
Baths:
2.1
County:
Clackamas
Taxe/yr:
$3,610.50
Schools:
Welches / Sandy
Courtesy:
Knipe Realty NW, Inc
Status:
Active

View Details
Beautiful craftsman-stye chalet. Tasteful color scheme, stainless and cherry cabinets, mastersuite with vaulted ceiling. Very nice and like-new condition. 2-car tandem garage with finished laundry room (not incl. in sq. footage). Gas fireplace, Mountain views and community sauna, pool, and jacuzzi. Year-round outdoor activities! Short sale, ask your agent for more details.
17424399 1
Address:
13193 WASSAIL LN Oregon City, OR 97045
Price:
$274,900
Sqft:
1704
MLS#:
17424399
Built:
1977
Beds:
3
Baths:
2.0
County:
Clackamas
Taxe/yr:
$2,692.08
Schools:
Gaffney Lane / Oregon City
Lot Size:
5,000 to 6,999 SqFt
Acres:
0.15
Courtesy:
Keller Williams-PDX Central
Status:
Active

View Details
Bring some elbow grease and your imagination to this Oregon City fixer. Perfect opportunity for investor or DIY master. Large house with 3 bedrooms and 2 baths and tons of living space. Great schools and near park.

20 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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