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

9 Listings found with the following criteria:

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

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Address:
1743 NE 16TH LOOP Battle Ground, WA 98604
Price:
$349,900
Sqft:
1780
MLS#:
20545670
Built:
1998
Beds:
4
Baths:
2.1
County:
Clark
Taxe/yr:
$2,184.08
Schools:
Captain Strong / Battle Ground
Lot Size:
5,000 to 6,999 SqFt
Acres:
0.14
Courtesy:
RE/MAX Equity Group
Status:
Active

View Details
Great location! Well balanced floor plan! Kitchen/ dining room/ family room are Great room concept! Very nice vaulted master with walk in closet! Large fenced back yard with over sized concrete patio! Roof is approx 2 yrs old! Walk to playground and athletic court!!
Address:
131 MAPLE BLVD Wood Village, OR 97060
Price:
$249,900
Sqft:
954
MLS#:
19523721
Built:
1944
Beds:
2
Baths:
1.0
County:
Multnomah
Taxe/yr:
$2,209.92
Schools:
Salish Ponds / Reynolds
Lot Size:
10,000 to 14,999 SqFt
Acres:
0.34
Courtesy:
Found! Realty, LLC
Status:
Active

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Considerable value in land. Could easily convert to 3 bedroom by adding a wall. Zoned R75. May be able to partition lot, create flag lot. Could also do Rehab Loan, small addition, or ADU. Buyer to do all due diligence with city/county. Sold as-is. Seller to do no repairs. Short sale negotiated by Greenway Financial Recovery LLC and fee of $5500 paid by the buyer at closing. Needs various repairs. Sold As-IS.
Address:
1911 NE LIBERTY AVE Gresham, OR 97030
Price:
$279,000
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

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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:
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:
703 NE 79TH AVE Portland, OR 97213
Price:
$427,000
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
Short 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 $427, 000. Newer electrical, and plumbing systems, newer windows and Sidding.
Address:
1400 NW IRVING ST 326 Portland, OR 97209
Price:
$219,900
Sqft:
815
MLS#:
11326341
Built:
1923
Beds:
1
Baths:
1.0
County:
Multnomah
Nhood/Bldg:
The Avenue/Pearl District
Taxe/yr:
$248.31
Schools:
Chapman / Lincoln
Courtesy:
JMA Properties LLC
Status:
Closed

View Details
Contemporary loft in The Pearl District with a view of the west hills. Open floorplan, modern finishes, hardwoods and deeded parking. Tax abatement.
Address:
5123 NE GOING ST Portland, OR 97218
Price:
$275,000
Sqft:
1584
MLS#:
13301276
Built:
1979
Beds:
3
Baths:
2.0
County:
Multnomah
Taxe/yr:
$3,156.67
Schools:
Rigler / Madison
Lot Size:
20,000 SqFt to .99 Acres
Acres:
0.56
Courtesy:
JMA Properties LLC
Zone:
R5
Status:
Closed

View Details
Nice house on a huge lot in close in NE Portland. Attention URBAN FARMERS, this place is a dream come true.
Address:
821 SW GREEN AVE 5 Portland, OR 97205
Price:
$175,585
Sqft:
644
MLS#:
12191824
Built:
1907
Beds:
1
Baths:
1.0
County:
Multnomah
Taxe/yr:
$2,454.63
Schools:
Chapman / Lincoln
Courtesy:
JMA Properties LLC
Zone:
R1
Status:
Closed

View Details
This condo is more like a little cottage than a condo, and it is TRUE ONE BEDROOM, not a studio. It is mostly free standing, so the issues of sound transfer from the neighbors is very limited. It is just a couple of blocks from NW 23rd Ave and Burnside... the location is amazing. Lots of closets and storage!

9 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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