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

17 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.
18318383 1
Address:
10980 SW POLSKY RD Beaverton, OR 97005
Price:
$539,900
Sqft:
2760
MLS#:
18318383
Built:
1953
Beds:
4
Baths:
3.0
County:
Washington
Taxe/yr:
$5,893.51
Schools:
Raleigh Park / Beaverton
Lot Size:
10,000 to 14,999 SqFt
Acres:
0.26
Courtesy:
Keller Williams Realty Profes.
Status:
Active

View Details
Short Sale! HUGE PRICE DROP! Gorgeous mid-century modern in West Slope/Cedar Hills. Generous 1/4 acre flat landscaped lot w/ fenced yard and wrap cedar deck. Parking for your toys! AirBnB/ADU? Functional, modern layout/fixtures, oak hardwoods, slab quartz, marble, premium appliances, custom walnut shelves. Master has a built-in wardrobe and walk in closet. Master bath: quartz, pillow tile, jet tub. HUGE laundry. Near Nike, 26, 217.
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.
19104576 1
Address:
2829 SW 33RD ST Gresham, OR 97080
Price:
$425,000
Sqft:
2887
MLS#:
19104576
Built:
1992
Beds:
4
Baths:
2.1
County:
Multnomah
Taxe/yr:
$5,608.76
Schools:
Butler Creek / Centennial
Lot Size:
10,000 to 14,999 SqFt
Acres:
0.23
Courtesy:
Keller Williams-PDX Central
Status:
Active

View Details
Spacious and comfortable. Large corner lot, three car garage. Master on main with large master bath. Open kitchen/family room floor plan. Granite countertops and Stainless Steel appliances. Large deck. Quiet street.
19545586 1
Address:
23949 NE GLISAN ST Wood Village, OR 97060
Price:
$400,000
Sqft:
2990
MLS#:
19545586
Built:
1955
Beds:
8
Baths:
3.0
County:
Multnomah
Taxe/yr:
$4,666.81
Schools:
Woodland / Reynolds
Lot Size:
15,000 to 19,999 SqFt
Acres:
0.45
Courtesy:
Premiere Property Group, LLC
Status:
Active

View Details
24 Hrs. NOTICE. CASH ONLY. Spacious home on a big lot. Room for in law quarters, extended family, foster care business. Beautiful landscape. Close for commuting to I-84 and shopping. Excluded from the sale: freezer in the kitchen. Home presently used as a Foster Care Home. Sold As Is.
19226972 1
Address:
2626 NE FREMONT DR Portland, OR 97220
Price:
$337,000
Sqft:
1949
MLS#:
19226972
Built:
1949
Beds:
3
Baths:
2.0
County:
Multnomah
Taxe/yr:
$4,426.77
Schools:
Jason Lee / Madison
Lot Size:
5,000 to 6,999 SqFt
Acres:
0.15
Courtesy:
Keller Williams-PDX Central
Zone:
R5
Status:
Active

View Details
Updated one level home with Master suite that includes a jetted tub and walk-in closet. Master is located on one side of the home with the other bedrooms on the alternate side for privacy. Extra parking in the driveway. Stone patio in the back yard. Generous built-in storage in the kitchen. [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10067505]
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!

17 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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