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

15 Listings found with the following criteria:

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

Narrow your search »

18522130 1
Address:
3927 NW DEVOTO LN Portland, OR 97229
Price:
$970,000
Sqft:
5963
MLS#:
18522130
Built:
2002
Beds:
5
Baths:
4.1
County:
Multnomah
Taxe/yr:
$23,130.11
Schools:
Forest Park / Lincoln
Lot Size:
10,000 to 14,999 SqFt
Acres:
0.32
Courtesy:
John L. Scott Market Center
Zone:
R10
Status:
Active

View Details
Stunning custom home with panoramic southern facing views. Gourmet kitchen w/ top of the line appliances, granite counters, cook island & walk-in pantry. Enjoy the multigenerational living w/ an additional full kitchen and master suite on the lower level. Suite on the main and suite plus two additional bedrooms on the upper level. Spacious features, covered decks, and cherry hardwood floors. Beautiful flow for living and entertaining.
18110526 1
Address:
922 NW 11TH AVE 110 Portland, OR 97209
Price:
$798,000
Sqft:
1634
MLS#:
18110526
Built:
2004
Beds:
2
Baths:
2.0
County:
Multnomah
Nhood/Bldg:
PEARL DISTRICT / PARK PLACE
Taxe/yr:
$12,092.00
Schools:
Chapman / Lincoln
Courtesy:
Dwell Realty
Status:
Active

View Details
Enter your own 255sqft. patio, this is one of only 8 patios this size in the Pearl which lives like a a NYC Brownstone. Everything is right here! Jamison Park, Tanner and the Fields Park, 2-5 star dining within walking distance. Garden-like setting. Striking new wood floors, updated carpeting, quartz & granite counter tops, 15' ceilings plus a large office that could be a guest room. Refrigerator not included in sale.
17037547 1
Address:
2026 SE 35TH PL Portland, OR 97214
Price:
$575,000
Sqft:
2800
MLS#:
17037547
Built:
1955
Beds:
6
Baths:
3.0
County:
Multnomah
Nhood/Bldg:
HAWTHORNE / DIVISION
Taxe/yr:
$6,123.94
Schools:
Abernethy / Cleveland
Lot Size:
3,000 to 4,999 SqFt
Acres:
0.11
Courtesy:
Premiere Property Group, LLC
Zone:
R5
Status:
Active

View Details
6BR/3 Full Baths Bungalow just 3 blocks from SE Hawthorne Blvd. Separate "Granny Flat" apt(w/separate entrance) in basement keeps this home affordable. So close to Hawthorne makes it the perfect location for entertainment, restaurants & shopping and more. Remodeled Kitchen, hardwood floors in living room & main level bedrooms. Upper level with 2 bedrooms & Full bath, great for guests or to rent rooms.
18257295 1
Address:
2788 NW ROBINIA LN Portland, OR 97229
Price:
$554,900
Sqft:
3002
MLS#:
18257295
Built:
2003
Beds:
4
Baths:
2.1
County:
Washington
Taxe/yr:
$6,304.14
Schools:
Bonny Slope / Sunset
Lot Size:
5,000 to 6,999 SqFt
Acres:
0.15
Courtesy:
Knipe Realty ERA Powered
Status:
Active

View Details
Needs light TLC and home will really shine! Located in a desirable west side location. Hardwoods, high ceilings and flowing floor plan. This home is over 3000 sf ft and features large rooms. As-is sale.
18288605 1
Address:
17493 SW CARLSON ST Sherwood, OR 97140
Price:
$535,100
Sqft:
2864
MLS#:
18288605
Built:
1999
Beds:
4
Baths:
2.1
County:
Washington
Nhood/Bldg:
SHERWOOD
Taxe/yr:
$5,962.39
Schools:
Middleton / Sherwood
Lot Size:
7,000 to 9,999 SqFt
Acres:
0.19
Courtesy:
Premiere Property Group, LLC
Status:
Bumpable Buyer

View Details
Beautiful Woodhaven Traditional on Spacious .19 Acre lot. High ceilings throughout main. Grand Entry. Hardwoods. Office, living and dining rooms on main. Open kitchen with gas cook island. Spacious family room with oversized windows to take in the backyard view. Huge loft upstairs. Master Suite w walk-in, soak tub. Two spare bedrooms up. Stunning fenced backyard with patio. Short sale.
18550597 1
Address:
17350 ASHLEY CT Lake Oswego, OR 97035
Price:
$499,000
Sqft:
2290
MLS#:
18550597
Built:
1998
Beds:
3
Baths:
2.1
County:
Clackamas
Nhood/Bldg:
LAKE GROVE/ROSEWOOD
Taxe/yr:
$6,051.04
Schools:
River Grove / Lakeridge
Lot Size:
3,000 to 4,999 SqFt
Acres:
0.11
Courtesy:
Oregon Realty Co.
Status:
Active

View Details
Enjoy a spacious, bright home. Living room formal dining room with coffered ceiling. Kitchen with eating bar and open concept into living room. 3 bedrooms include a generous master suite with large walk-in closet. Home also includes two bonus rooms upstairs, with a large office/bonus space over garage. Relax on the cozy back deck. Convenient access to parks, restaurants & shopping. Award winning LO schools. Home needs TLC to shine!
18271346 1
Address:
17580 SE SUNNYSIDE RD Damascus, OR 97089
Price:
$475,000
Sqft:
3556
MLS#:
18271346
Built:
1968
Beds:
5
Baths:
3.0
County:
Clackamas
Taxe/yr:
$6,434.41
Schools:
Happy Valley / Clackamas
Lot Size:
1 to 2.99 Acres
Acres:
1.26
Courtesy:
Handris Realty Co.
Status:
Active

View Details
SHORT SALE, MOTIVATED SELLER!!! Day Range on 1.25 acres. Need some work, but has good bones. Short Sale. County records show this land is ZONE R-10 Dividable, Buyer to verify.
18455557 1
Address:
19773 E VICTORY LN Sandy, OR 97055
Price:
$450,000
Sqft:
2765
MLS#:
18455557
Built:
2006
Beds:
3
Baths:
2.1
County:
Clackamas
Taxe/yr:
$4,122.88
Schools:
Welches / Sandy
Lot Size:
20,000 SqFt to .99 Acres
Acres:
0.42
Courtesy:
Windermere/Sandy Real Estate
Status:
Active

View Details
Possibilities of owning a spectacular home. Modern construction, end of road, connects for hot tub and exterior holiday lights. Large upstairs Bonus, Master on the main, kitchen island, Large back yard, tile floors, wood trimCommunity water. Easy drive to Mt Hood and Sandy, sound system installed.
18011219 1
Address:
703 NE 79TH AVE Portland, OR 97213
Price:
$449,900
Sqft:
3040
MLS#:
18011219
Built:
1910
Beds:
8
Baths:
3.0
County:
Multnomah
Taxe/yr:
$5,769.01
Schools:
Vestal / Madison
Lot Size:
3,000 to 4,999 SqFt
Acres:
0.11
Courtesy:
Russell Realty & Associates LLC
Zone:
R5
Status:
Active

View Details
Short sale! Lender approved at $461, 000. Huge 8 bedroom home in sought after Montavilla area. Home was remodeled a few years back. Granite countertops, tile floors. Fenced backyard. Huge detached garage. Home is minutes from freeway and parks. No HOA!Property sold as-is. Short sale negotiated by DMSP #80112. Please see attached. Buyer to pay negotiation fee in the amount of $3500.00 at closing.
18168501 1
Address:
6600 SE DIVISION ST 309 Portland, OR 97206
Price:
$335,000
Sqft:
1153
MLS#:
18168501
Built:
1983
Beds:
3
Baths:
2.0
County:
Multnomah
Taxe/yr:
$3,535.14
Schools:
Atkinson / Franklin
Courtesy:
John L. Scott Market Center
Zone:
CN2
Status:
Active

View Details
3 bedroom 2 bath, top floor condo. Secure entry, covered parking, and elevator access. Desirable location and within walking distance to Mt.Tabor Park. Open floor-plan includes kitchen with stainless steel appliances and granite counter tops, wood-burning fireplace in the living room, and outdoor balcony.
17413490 1
Address:
2020 NE 134TH PL Portland, OR 97230
Price:
$280,000
Sqft:
1348
MLS#:
17413490
Built:
1957
Beds:
3
Baths:
1.1
County:
Multnomah
Nhood/Bldg:
Parkrose
Taxe/yr:
$4,095.32
Schools:
Russell / Parkrose
Lot Size:
7,000 to 9,999 SqFt
Acres:
0.22
Courtesy:
Premiere Property Group, LLC
Zone:
R7
Status:
Active

View Details
Quaint home in the heart of Parkrose needing updating in order to make this beauty flourish again. The neighborhood invites you to experience the manicured homes, thriving foliage and wide streets that make Parkrose an inviting place to live. The front and backyard are perfect entertaining areas for family and friends. With a bit of spirit, a sun room is beckoning you to enjoy it's former glory. Large lot, 2 car garage and ample parking
18095147 1
Address:
8712 N DECATUR ST 301 Portland, OR 97203
Price:
$254,900
Sqft:
934
MLS#:
18095147
Built:
2007
Beds:
2
Baths:
1.0
County:
Multnomah
Taxe/yr:
$3,873.29
Schools:
James John / Roosevelt
Courtesy:
Found! Realty, LLC
Zone:
R1
Status:
Active

View Details
Live a lifestyle of convenience in a contemporary condo w/breathtaking river views & views of iconic St John's bridge. Modern open concept condo with Chefs kitchen, SS appliances, new bamboo floors, eat bar&large pantry.Living room with closet, fireplace, new carpet and balcony. Close to shopping, food, & more in downtown St.John's.Easy access to Cathedral Park.Walkscore 83. Storage Unit, Street Parking. HOA:325/mo Spec.Assess:$189.2/mo

15 Listings found with the following criteria:

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

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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