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 »

18621538 1
Address:
2546 SW VISTA AVE Portland, OR 97201
Price:
$850,000
Sqft:
4681
MLS#:
18621538
Built:
1904
Beds:
4
Baths:
3.0
County:
Multnomah
Taxe/yr:
$13,004.30
Schools:
Ainsworth / Lincoln
Lot Size:
10,000 to 14,999 SqFt
Acres:
0.25
Courtesy:
Luxe Christie's International Real Estate
Zone:
R5
Status:
Active

View Details
Beautiful Old Portland home situated in prestigious Portland Heights. Wonderful city views with easy access to downtown. Remodeled to preserve integrity of gorgeous turn of the century. Attention to detail throughout with boxbeam ceilings, hardwood floors and wonderful gourmet kitchen complete with stainless steele appliances, cook island & granite counters. Note: Lot has been deemed splittable and basement has its own entrance.
19294465 1
Address:
7190 CHILDS RD Lake Oswego, OR 97035
Price:
$535,000
Sqft:
2316
MLS#:
19294465
Built:
1999
Beds:
3
Baths:
2.1
County:
Washington
Nhood/Bldg:
RIVERGROVE
Taxe/yr:
$6,209.89
Schools:
River Grove / Lakeridge
Lot Size:
15,000 to 19,999 SqFt
Acres:
0.43
Courtesy:
Gary Had Real Estate, Inc
Status:
Active

View Details
Contemporary home on the river in Lake Oswego's desirable Rivergrove Neighborhood. 3 Bedroom, 2.5 baths, fireplace, master suite, soaking tub, bay windows, wet bar, media room, high ceilings, deck. Short sale. Property sold "as is. Short sale negotiated by Greenway Financial Recovery LLC and fee of $3900 paid by the buyer at closing.
19189011 1
Address:
11050 SE 257TH DR Damascus, OR 97089
Price:
$489,000
Sqft:
3476
MLS#:
19189011
Built:
1975
Beds:
3
Baths:
3.1
County:
Clackamas
Taxe/yr:
$4,685.76
Schools:
East Orient / Sam Barlow
Lot Size:
7 to 9.99 Acres
Acres:
9.11
Courtesy:
Found! Realty, LLC
Status:
Active

View Details
Distressed Property looking for quick cash offer. AS-IS Sale. Various deferred maintenance and unknown defects. Water damage in basement. Missing flooring downstairs. Pool needs refinish. Rotted landings. Lead Paint. Short sale negotiated by Greenway Financial Recovery LLC and fee of $5500 paid by the buyer at closing.
19027986 1
Address:
3893 SE BELLE OAK AVE Hillsboro, OR 97123
Price:
$479,989
Sqft:
2717
MLS#:
19027986
Built:
2006
Beds:
4
Baths:
3.0
County:
Washington
Taxe/yr:
$4,219.80
Schools:
Witch Hazel / Hillsboro
Lot Size:
3,000 to 4,999 SqFt
Acres:
0.11
Courtesy:
Keller Williams-PDX Central
Status:
Active

View Details
Light, bright and well maintained. This 4 bedroom, 3bathroom home features an open floor plan with formal living and dining. Family room features gas fireplace and opens to large kitchen with island. Upstairs features 4 bedrooms, 2 full bathrooms, large bonus room and laundry room. Fully fenced backyard with slider to patio. Walk to South Meadows Middle School.
19076816 1
Address:
1743 SE TACOMA ST Portland, OR 97202
Price:
$469,000
Sqft:
2146
MLS#:
19076816
Built:
1900
Beds:
2
Baths:
2.0
County:
Multnomah
Taxe/yr:
$3,134.86
Schools:
Llewellyn / Cleveland
Lot Size:
3,000 to 4,999 SqFt
Acres:
0.11
Courtesy:
Keller Williams-PDX Central
Zone:
R1
Status:
Active

View Details
Adorable cottage in the heart of Sellwood. Walk to boutiques, coffee, cart pod & restaurants! Sun porch & stained glass doors welcome you into bright living room. Updated kitchen w pantry, custom hood & beautiful Portuguese tiles. Upper level remodeled in 2009 w gorgeous master bed & bath w soak tub, slate tile & cathedral window & potential for 3rd bedroom. Hardwood flooring on main under carpet. Backyard is a gardeners paradise! [Home Energy Score = 2. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10080598]
17106199 1
Address:
21484 S WESTBY LN Beavercreek, OR 97004
Price:
$447,000
Sqft:
3384
MLS#:
17106199
Built:
1998
Beds:
3
Baths:
2.0
County:
Clackamas
Taxe/yr:
$5,480.09
Schools:
Clarkes / Molalla
Lot Size:
3 to 4.99 Acres
Acres:
4.85
Courtesy:
Knipe Realty ERA Powered
Status:
Active

View Details
Beautiful custom home on just under 5 acres! Horse lovers delight with nearly 2 acres of pasture and yard with a 28x24 barn and 48x36 shop. Open floor plan and large master suit with walk in closet and soak-tub. Pond with waterfall off the back deck, plenty of room to entertain all your guests both inside and out. Perfect potential to make this home into your dream horse property!
19066401 1
Address:
21736 NE INTERLACHEN LN Fairview, OR 97024
Price:
$441,000
Sqft:
2556
MLS#:
19066401
Built:
1994
Beds:
3
Baths:
2.0
County:
Multnomah
Taxe/yr:
$6,137.03
Schools:
Fairview / Reynolds
Lot Size:
10,000 to 14,999 SqFt
Acres:
0.26
Courtesy:
Bridgetown Equity Prop LLC
Status:
Active

View Details
Living large by Blue Lake - Single-level, 4 bd, 2 ba, high ceilings, large rooms, 1/4 acre, 3 car garage, master with jacuzzi tub, along with big living, dining and family room. Loads of natural light. Short walk to parks and lakes. Big deck runs the length of home for those beautiful summer bbqs. Quiet family neighborhood.
19494800 1
Address:
29435 SW TETON WAY Wilsonville, OR 97070
Price:
$367,000
Sqft:
1620
MLS#:
19494800
Built:
1989
Beds:
3
Baths:
4.0
County:
Clackamas
Taxe/yr:
$4,035.53
Schools:
Boones Ferry / Wilsonville
Lot Size:
7,000 to 9,999 SqFt
Acres:
0.16
Courtesy:
Keller Williams-PDX Central
Status:
Active

View Details
Located in a quiet culdesac. Square footage is per county. Home appears to be larger.
19089064 1
Address:
1752 NW BURNSIDE RD Gresham, OR 97030
Price:
$334,900
Sqft:
2120
MLS#:
19089064
Built:
1955
Beds:
3
Baths:
2.0
County:
Multnomah
Nhood/Bldg:
GRESHAM - NORTHWEST
Taxe/yr:
$4,162.64
Schools:
North Gresham / Gresham
Lot Size:
20,000 SqFt to .99 Acres
Acres:
0.66
Courtesy:
MORE Realty
Status:
Active

View Details
Fixer on Huge Oversized Lot! So much potential. Finish this halfway finished project, renovation process has been started and all the tough parts have been completed. Bring your fixtures and your finishing touches and create your ultimate dream house on this giant property. Unfinished basement has ADU potential. Original Hardwood floors throughout. Lot may be dividable - potential for 3-5 townhomes. $100k under Zestimate - Act Fast!
19650995 1
Address:
306 CHRISTOPHER CT Molalla, OR 97038
Price:
$286,000
Sqft:
1092
MLS#:
19650995
Built:
1980
Beds:
3
Baths:
1.0
County:
Clackamas
Taxe/yr:
$2,537.08
Schools:
Molalla / Molalla
Lot Size:
7,000 to 9,999 SqFt
Acres:
0.16
Courtesy:
Hasson Company
Status:
Active

View Details
Welcome home to this charming 3 bedroom ranch style home - close to down town Molalla! Featuring all new high end carpet with granite counters, SS appliances & vinyl windows, this beautiful house is move in ready! The expansive & fenced backyard has RV parking w/ room for entertaining, available just in time for summer BBQ season. Perfect for fist time home buyers or downsizes, this cute little home won't last long! Come quick!
19007708 1
Address:
477 SW 5TH AVE Canby, OR 97013
Price:
$275,000
Sqft:
1500
MLS#:
19007708
Built:
1946
Beds:
3
Baths:
2.0
County:
Clackamas
Taxe/yr:
$1,679.78
Schools:
Knight / Canby
Lot Size:
5,000 to 6,999 SqFt
Acres:
0.13
Courtesy:
MORE Realty
Status:
Active

View Details
Looking for a summertime project? Come finish this deserted remodel/addition. Framing is complete. Completely redone roof. Electrical and Plumbing is all roughed in. Bring your drywall, fixtures and finishing touches to make this your completely customized dream home!
18006671 1
Address:
1730 SW HARBOR WAY 305 Portland, OR 97201
Price:
$249,900
Sqft:
920
MLS#:
18006671
Built:
1986
Beds:
1
Baths:
1.0
County:
Multnomah
Nhood/Bldg:
Riverplace Downtown
Taxe/yr:
$5,329.18
Schools:
Ainsworth / Lincoln
Courtesy:
Hasson Company
Zone:
CX
Status:
Active

View Details
You won't want to miss this amazing Riverplace condo. Space abounds in this coveted 1 bedroom floorplan featuring an oversized living room, large master suite, walk-in closet, separate dining, and full size washer/dryer in unit. Plenty of opportunity for outdoor living on the 330+ square foot patio with separate seating area from the master bedroom and living room. Just steps to bike paths, coffee, restaurants, shopping, & downtown.

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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