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

22 Listings found with the following criteria:

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

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16425983 1
Address:
25610 SW Petes Mountain RD West Linn, OR 97068
Price:
$2,599,000
Sqft:
8489
MLS#:
16425983
Built:
2000
Beds:
4
Baths:
4.3
County:
Clackamas
Nhood/Bldg:
Petes Mountain
Taxe/yr:
$25,211.33
Schools:
Boeckman Creek / Wilsonville
Lot Size:
20 to 49.99 Acres
Acres:
22.04
Courtesy:
The Hasson Company
Status:
Active

View Details
Amazing gated estate overlooking the Oregon Golf Club, with panoramic views of Mt. Hood, the valley and Cascades. Wonderful location adjacent to 2016 Street of Dreams and only minutes from I-205. Elegance throughout yet comfortable, with spacious entry, high ceilings, generous room sizes, formal LR & DR, home theater, office & gorgeous kitchen. Approx 3, 000sf partially finished lower level for further living space and amenities.
17145354 1
Address:
16493 GLENWOOD CT Lake Oswego, OR 97034
Price:
$799,000
Sqft:
4530
MLS#:
17145354
Built:
1962
Beds:
4
Baths:
3.1
County:
Clackamas
Nhood/Bldg:
Glenwood Estates
Taxe/yr:
$8,329.57
Schools:
Hallinan / Lakeridge
Lot Size:
20,000 SqFt to .99 Acres
Acres:
0.55
Courtesy:
Summa - Pacific Cascade Realty
Status:
Active

View Details
Location is key! Large home on .55 acre in established sought after LO neighborhood. Hardwood floors and formal spaces! Master on main along with 2 more bedrooms. Kitchen open to spacious family room. Lower level has 4th bedrm, bath, office/den and large bonus room w/fireplace, eating bar and sink which look out from picture windows to an in ground pool and large patio with a BBQ pit. RV/Boat parking!
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!!!
17613182 1
Address:
14325 S LEABO RD Molalla, OR 97038
Price:
$729,900
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. Inlcudes hardship hook-up (14323 S Leabo), not manuf. home NOT included. Sold as is. OR Forestry will require 3 acres to be re-forested by 4/2018.
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.
17130760 1
Address:
10708 SW ORIOLE CIR Beaverton, OR 97007
Price:
$509,000
Sqft:
3602
MLS#:
17130760
Built:
1996
Beds:
6
Baths:
3.1
County:
Washington
Taxe/yr:
$7,289.03
Schools:
Nancy Ryles / Southridge
Lot Size:
7,000 to 9,999 SqFt
Acres:
0.19
Courtesy:
John L. Scott Market Center
Status:
Active

View Details
Spacious home with large guest quarter on lower level. Great Investment property. Kitchen needs appliances and slight repairs throughout the house. With a little work this home can be great.
17330025 1
Address:
21975 SW 65TH AVE Tualatin, OR 97062
Price:
$489,900
Sqft:
2340
MLS#:
17330025
Built:
1940
Beds:
3
Baths:
3.0
County:
Washington
Taxe/yr:
$3,970.02
Schools:
Byrom / Tualatin
Lot Size:
1 to 2.99 Acres
Acres:
1.45
Courtesy:
Windermere Stellar
Status:
Active

View Details
FIXER FOR SURE. No working well or septic, roof leaks, has buried oil tank that has not been decommissioned. Needs new roof evidence of prior leaking. Driveway is shared for commercial use with Lee's Farm Store. Easement goes with property. Basement bedrooms have small windows and may not be legal Direct any questions to listing agent. Shown by apt. only. Must have appointment to view.
17483771 1
Address:
11637 SW GRENOBLE ST Wilsonville, OR 97070
Price:
$459,900
Sqft:
2576
MLS#:
17483771
Built:
2006
Beds:
3
Baths:
2.1
County:
Clackamas
Nhood/Bldg:
VILLEBOIS
Taxe/yr:
$6,519.96
Schools:
Lowrie / Wilsonville
Lot Size:
3,000 to 4,999 SqFt
Acres:
0.08
Courtesy:
Keller Williams Realty Portland Premiere
Status:
Active

View Details
Location! This park facing, private gem is tucked in a lovely corner near Graham Oaks Park in Villebois. Enjoy bright, airy & elegant sprawling spaces that flow, breathtaking wood floors to the tranquil garden patios outside. Master-on-main floorplan features LRG eat in gourmet kitchen w-gleaming wood cabinets, lots of windows, open formal DR, coved ceilings, BONUS RM w-LOFT! HOA incl pool/gym. Short sale = Opportunity!
17000464 1
Address:
9922 SE KELA PL Happy Valley, OR 97086
Price:
$425,000
Sqft:
2858
MLS#:
17000464
Built:
1977
Beds:
4
Baths:
2.1
County:
Clackamas
Taxe/yr:
$5,173.73
Schools:
Mt Scott / Clackamas
Lot Size:
10,000 to 14,999 SqFt
Acres:
0.23
Courtesy:
Keller Williams-PDX Central
Status:
Active

View Details
Large Tri-level home with some updating. Harwood floors with inlays. Formal living and dining for entertaining. Multiple level decks and .25 acre lot. Located in Scott Mountain neighborhood.
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.
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.
16179750 1
Address:
11314 SE HAROLD ST Portland, OR 97266
Price:
$279,900
Sqft:
2094
MLS#:
16179750
Built:
1945
Beds:
5
Baths:
3.0
County:
Multnomah
Taxe/yr:
$4,102.00
Schools:
Earl Boyles / David Douglas
Lot Size:
20,000 SqFt to .99 Acres
Acres:
0.52
Courtesy:
RE/MAX Equity Group
Zone:
R7
Status:
Active

View Details
Think outside the box on this one! Flexible living situation with 3 bdrms 2 bths on main and 2 bdrm 1 bth up. May be possible to divide. Sold as-is. Buyer to verify floodzone impact.

22 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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