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

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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:
16595 SE JESSICA ERIN LN Milwaukie, OR 97267
Price:
$475,000
Sqft:
3195
MLS#:
19034320
Built:
2004
Beds:
4
Baths:
2.1
County:
Clackamas
Taxe/yr:
$6,174.85
Schools:
Bilquist / Putnam
Lot Size:
10,000 to 14,999 SqFt
Acres:
0.25
Courtesy:
John L. Scott Market Center
Status:
Active

View Details
Private home tucked away at the end of the street. Upper level has 4 bedrooms with a den that could be used as a fifth bedroom, no closet. Main level has an office, family room, living room/great room that opens to the kitchen and dinning room. Large backyard that is fenced and private. Backs to greenspace.
Address:
7625 SE BYBEE BLVD Portland, OR 97206
Price:
$300,000
Sqft:
1792
MLS#:
19557899
Built:
2007
Beds:
4
Baths:
2.1
County:
Multnomah
Taxe/yr:
$4,422.75
Schools:
Woodmere / Franklin
Lot Size:
3,000 to 4,999 SqFt
Acres:
0.07
Courtesy:
Keller Williams Sunset Corridor
Zone:
R5
Status:
Active

View Details
Amazing investment opportunity! Open 4 bedroom home that offers nothing but potential! Large master with walk-in closet. Dine-inkitchen. Attached garage. Low maintenance yard. Come put your personal touch on this spacious home!
Address:
8358 SW MOHAWK ST Tualatin, OR 97062
Price:
$172,500
Sqft:
1184
MLS#:
19000996
Built:
1980
Beds:
2
Baths:
1.1
County:
Washington
Nhood/Bldg:
Tulatin Village Condo
Taxe/yr:
$2,084.35
Schools:
Tualatin / Tualatin
Courtesy:
Harcourts Real Estate Network Group
Status:
Active

View Details
Lovingly kept 2 bedroom 1.5 bathroom condo. New roof in 2018. Newer kitchen appliances. High ceilings provide lots of natural light. Private and fenced patio for dining with garden area. Fireplace in living room for warm and cozy winter days and evenings. Refrigerator and range included. Walk to shops and restaurants as well as to the market and the park.
Address:
14841 NE GRAHAM ST Portland, OR 97230
Price:
$267,000
Sqft:
1471
MLS#:
19314788
Built:
1985
Beds:
3
Baths:
2.0
County:
Multnomah
Taxe/yr:
$4,071.20
Schools:
Scott / Reynolds
Lot Size:
3,000 to 4,999 SqFt
Acres:
0.1
Courtesy:
MORE Realty
Zone:
R3
Status:
Active

View Details
Don't miss out on this opportunity to make this spacious home your own.Priced to sale!Unlock your imagination to put the magic back into this 3bed/2bath home featuring a marble tile surround gas fireplace in the living room which opens into the kitchen with granite countertops. A sliding door from the kitchen takes you into this delightfully private fully fenced backyard ideal for entertaining. Thereis a bonus room downstairs too!
Address:
405 NE 83RD ST Vancouver, WA 98660
Price:
$290,000
Sqft:
1872
MLS#:
19017765
Built:
1967
Beds:
4
Baths:
1.1
County:
Clark
Taxe/yr:
$3,397.76
Schools:
Eisenhower / Columbia River
Lot Size:
7,000 to 9,999 SqFt
Acres:
0.22
Courtesy:
Keller Williams Premier Partners
Status:
Active

View Details
Home with plenty of potential that just needs a little maintenance and attention. Mature fruit trees that surround the property provide privacy. Conventional floor plan offers a sizable dining area and adjacent living room. Lower level has its own bed, bath, living area, & fireplace and is a blank canvas for your design creativity.
Address:
12514 NE 109TH ST Vancouver, WA 98682
Price:
$385,000
Sqft:
2042
MLS#:
19566584
Built:
2019
Beds:
4
Baths:
2.1
County:
Clark
Nhood/Bldg:
ORCHARDS VIEW ESTATES
Taxe/yr:
$251.64
Schools:
Maple Grove / Prairie
Lot Size:
3,000 to 4,999 SqFt
Acres:
0.11
Courtesy:
Keller Williams Realty
Status:
Active

View Details
Better than new! Four spacious bedrooms plus a den! Stylish laminate floors, high ceilings throughout! Kitchen features an island, quartz countertops, stainless steel appliances and a pantry! Gas fireplace in the family room. Good-sized fenced backyard, covered patio & sprinklers. Central A/C. Quiet neighborhood!
Address:
1911 NE LIBERTY AVE Gresham, OR 97030
Price:
$285,000
Sqft:
1160
MLS#:
19637566
Built:
1973
Beds:
3
Baths:
1.0
County:
Multnomah
Taxe/yr:
$2,922.31
Schools:
Highland / Gresham
Lot Size:
7,000 to 9,999 SqFt
Acres:
0.16
Courtesy:
Keller Williams Realty Portland Elite
Status:
Active

View Details
Cute ranch on a large level lot. Quiet neighborhood, two-car garage, and tons of potential.
Address:
8130 SE 75TH PL Portland, OR 97206
Price:
$325,000
Sqft:
946
MLS#:
19530902
Built:
1966
Beds:
3
Baths:
1.0
County:
Multnomah
Taxe/yr:
$3,322.60
Schools:
Whitman / Cleveland
Lot Size:
7,000 to 9,999 SqFt
Acres:
0.2
Courtesy:
Keller Williams-PDX Central
Zone:
R5
Status:
Active

View Details
Great opportunity to buyer in Brentwood Darlington. Featuring a 71 bike score. Large lot with deck, fenced yard, shed and lots of trees. Interior features living room, dining nook, kitchen, 3 bedrooms and one bathroom. Hardwood floors under carpet in bedrooms. Kitchen features stainless steel appliances.
Address:
224 SW WILLOWBROOK DR Gresham, OR 97080
Price:
$320,000
Sqft:
1786
MLS#:
19125231
Built:
1992
Beds:
3
Baths:
2.1
County:
Multnomah
Taxe/yr:
$4,149.46
Schools:
Hollydale / Gresham
Lot Size:
7,000 to 9,999 SqFt
Acres:
0.16
Courtesy:
Knipe Realty ERA Powered
Status:
Active

View Details
Equity opportunity! Located in wonderful neighborhood of well maintained homes, this home has RV parking, roof, deck and siding redone around 8 years ago, new furnace. Inside is original, well maintained and could use light updating/TLC. Spacious crawlspace great for storage. Great floorplan with large fenced yard. Sold As-is.
Address:
1420 N 20TH ST Washougal, WA 98671
Price:
$380,000
Sqft:
2960
MLS#:
19415660
Built:
1993
Beds:
4
Baths:
3.0
County:
Clark
Taxe/yr:
$4,112.17
Schools:
Hathaway / Washougal
Lot Size:
10,000 to 14,999 SqFt
Acres:
0.27
Courtesy:
Keller Williams Realty Portland Central
Status:
Active

View Details
Address:
11411 SE WAHKEENA CT Happy Valley, OR 97086
Price:
$699,900
Sqft:
4376
MLS#:
19069027
Built:
2005
Beds:
7
Baths:
4.1
County:
Clackamas
Taxe/yr:
$11,601.62
Schools:
Mt Scott / Clackamas
Lot Size:
10,000 to 14,999 SqFt
Acres:
0.23
Courtesy:
Handris Realty Co.
Status:
Active

View Details
Short Sale! Beautiful Home located in a cul-de-sac with lot's of amenities to list. Needs some TLC!

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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