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

13 Listings found with the following criteria:

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

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Address:
8707 NE 279TH ST Battle Ground, WA 98604
Price:
$925,000
Sqft:
3994
MLS#:
18650224
Built:
1990
Beds:
4
Baths:
2.1
County:
Clark
Nhood/Bldg:
Daybreak Demesne
Taxe/yr:
$7,998.44
Schools:
Daybreak / Battle Ground
Lot Size:
20 to 49.99 Acres
Acres:
27.4
Courtesy:
Keller Williams Premier Partners
Status:
Active

View Details
Equestrian Property with a Barn. 4 Bedrooms plus large Bonus and Main floor BR/Study with Main floor Bath. One of a kind setting with views of Mt Hood. Fenced & Cross Fenced. Heated Shop with 2nd Floor. 180x100 covered arena. Easy access to PDX. Home is in AG. Buyer must leave home in AG.
Address:
8712 N DECATUR ST 301 Portland, OR 97203
Price:
$214,300
Sqft:
934
MLS#:
19446074
Built:
2007
Beds:
2
Baths:
1.0
County:
Multnomah
Taxe/yr:
$4,041.26
Schools:
James John / Roosevelt
Courtesy:
Found! Realty, LLC
Zone:
R1
Status:
Active

View Details
Open concept condo with Chefs kitchen, SS appliances, new bamboo floors, eat bar&large pantry. Living RM with closet, fireplace, new carpet and balcony. Close to shopping, food, & more in downtown St.John's. Storage Unit, Street Parking. Garage Space Available for 12k Extra, deeded. Can purchase for 25k more, and not pay SS monthly.
Address:
703 NE 79TH AVE Portland, OR 97213
Price:
$430,000
Sqft:
3040
MLS#:
19467687
Built:
1910
Beds:
8
Baths:
3.1
County:
Multnomah
Taxe/yr:
$6,019.06
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
hort sale! 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. Bank approved price at $430, 000
Address:
3380 SW BRIXTON AVE Gresham, OR 97080
Price:
$340,000
Sqft:
1950
MLS#:
19519923
Built:
2004
Beds:
3
Baths:
2.0
County:
Multnomah
Nhood/Bldg:
EMERALD PLACE
Taxe/yr:
$3,608.64
Schools:
Pleasant Valley / Centennial
Lot Size:
5,000 to 6,999 SqFt
Acres:
0.12
Courtesy:
Soldera Properties, Inc
Status:
Active

View Details
Short sale handled by professional negotiator at no cost to buyers.Enjoy one level living on quiet street.This ranch style home has 3 bedrooms & 2 full baths.Vaulted living & dining Rooms with gas fireplace. Great kitchen with island, eating bar, Bay window, pantry and tile floors.Master Suite with soaking tub and large walk-in closet.Family Room with slider to fenced backyard with sprinklers and patio.Gas heat & Htwtr, A/C, 3 car garage.
Address:
1500 SW PARK AVE 315 Portland, OR 97201
Price:
$289,000
Sqft:
597
MLS#:
19129035
Built:
1988
Beds:
1
Baths:
1.0
County:
Multnomah
Nhood/Bldg:
CULTURAL DISTRICT
Taxe/yr:
$4,382.25
Schools:
Chapman / Lincoln
Courtesy:
Windermere Realty Trust
Zone:
RX
Status:
Active

View Details
Remodeled 3rd floor condo with private balcony. New hardwood floors. In-unit washer/dryer. All appliances stay. Steps to Farmer's market, theaters, museums, coffee, restaurants, street car and MAX. Parking spots may be available to lease. Roof top deck, gym, party room, hot tub & bike storage. Short Sale sold AS IS (good condition) subject to 3rd party approval.
Address:
4306 NE MORROW RD Vancouver, WA 98682
Price:
$245,000
Sqft:
1537
MLS#:
19106367
Built:
2016
Beds:
3
Baths:
2.1
County:
Clark
Taxe/yr:
$2,642.71
Schools:
Orchards / Heritage
Lot Size:
0K to 2,999 SqFt
Acres:
0.04
Courtesy:
Legacy Realty Group
Status:
Active

View Details
Contemporary Townhome located on dead end street. Great investment/first time buyers or downsizing. Home features laminate flooring, 9ft ceilings on entire first floor, kitchen w/eat bar and large pantry. Upstairs w/bonus area, master suite w/walk in closet and two other bedrooms. Yard taken care of by HOA. $15500 BK carve out fee paid by buyer at closing.
Address:
7190 CHILDS RD Lake Oswego, OR 97035
Price:
$475,000
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.
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.
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!
Address:
3150 SW 48TH AVE Portland, OR 97221
Price:
$850,000
Sqft:
4872
MLS#:
19101394
Built:
1990
Beds:
4
Baths:
3.1
County:
Multnomah
Taxe/yr:
$16,148.60
Schools:
Ainsworth / Lincoln
Lot Size:
15,000 to 19,999 SqFt
Acres:
0.46
Courtesy:
Inspire Realty LLC
Zone:
R20
Status:
Active

View Details
Gorgeous contemporary home in SW Portland! Tri-level living in this massive 4 bedroom, 3.5 bath home featuring wood floors, plentiful oversized windows allowing for ample natural light, open kitchen with cook island and custom tile backsplash, luxurious master suite with private balcony. Enjoy the serenity of private living in the hills. This one is a must see!
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.
Address:
1312 NE HOGAN DR Gresham, OR 97030
Price:
$174,999
Sqft:
1088
MLS#:
19514059
Built:
1969
Beds:
3
Baths:
1.1
County:
Multnomah
Nhood/Bldg:
COUNTRY CLUB ESTATES
Taxe/yr:
$1,570.68
Schools:
Hall / Sam Barlow
Courtesy:
Oregon First
Status:
Active

View Details
Welcome Home! 3 spacious bedrooms, 1 1/2 beautifully remodeled bathrooms, covered carport included. Really nice unit with a light & bright floor plan! Great views! Gorgeous laminate flooring on main, Open & Bright! All you have to do is move in!

13 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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