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

19 Listings found with the following criteria:

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

Narrow your search »

17660250 1
Address:
10230 NW GLOAMING LN Portland, OR 97229
Price:
$899,000
Sqft:
5001
MLS#:
17660250
Built:
2005
Beds:
5
Baths:
4.1
County:
Multnomah
Taxe/yr:
$16,357.39
Schools:
Forest Park / Lincoln
Lot Size:
7,000 to 9,999 SqFt
Acres:
0.17
Courtesy:
Keller Williams-PDX Central
Zone:
R10
Status:
Active

View Details
A Forest Heights Gem with amazing 180-degree view of the surround mountains and valley. Feel like you are on top of the world in this beautifully well-built home. This home has it all top of the line kitchen appliances, gleaming hardwood floors and rooms for all your needs. Very rare flat and usable yard in Forest heights! A must see. This short sale property is professionally negotiated at no charge to the buyer.
15143440 1
Address:
13209 TWIN CREEK CT Lake Oswego, OR 97035
Price:
$735,000
Sqft:
3021
MLS#:
15143440
Built:
1989
Beds:
4
Baths:
2.1
County:
Clackamas
Taxe/yr:
$7,606.41
Schools:
Oak Creek / Lake Oswego
Lot Size:
10,000 to 14,999 SqFt
Acres:
0.23
Courtesy:
Oregon Realty Co.
Status:
Active

View Details
Delightful Large Cul-De-Sac Home. High Cove-Track-Ceilings, Built-ins, Marble, Rich Hardwood, Large Private back yard. Guest bedroom or office on the main level. Bright Gourmet Kitchen opens to warm family room with gas fireplace. Formal Dining & Living Room. BUYER to verify 3021 sqft.
17004978 1
Address:
507 ASH ST Lake Oswego, OR 97034
Price:
$549,900
Sqft:
3173
MLS#:
17004978
Built:
1963
Beds:
2
Baths:
1.0
County:
Clackamas
Taxe/yr:
$7,046.18
Schools:
Hallinan / Lakeridge
Lot Size:
10,000 to 14,999 SqFt
Acres:
0.33
Courtesy:
Keller Williams-PDX Central
Status:
Active

View Details
Land with opportunity on quiet, private and peaceful site with breathtaking views of Mt St Helens, lake & downtown. Enjoy incredible sunsets on the lake! Close to downtown, shopping and schools. Do not go on deck.
17490538 1
Address:
2794 LANCASTER ST West Linn, OR 97068
Price:
$499,900
Sqft:
3750
MLS#:
17490538
Built:
1999
Beds:
5
Baths:
3.2
County:
Clackamas
Taxe/yr:
$6,717.43
Schools:
Sunset / West Linn
Lot Size:
7,000 to 9,999 SqFt
Acres:
0.21
Courtesy:
Keller Williams-PDX Central
Status:
Active

View Details
Beautiful Craftsman home! Great views of West Linn from the sun soaked decks. Oak floors on main with practical open floor plan. Kitchen features large island with eat bar and counter/cupboard space to spare. Master suite with walk in closet, additional dbl closet and private deck. Media room and bonus space with fireplace on lower level. Potential for RV parking on side yard. Near new elementary school, park, shopping and dining.
17619517 1
Address:
6852 SW GLENWOOD CT Wilsonville, OR 97070
Price:
$468,000
Sqft:
3077
MLS#:
17619517
Built:
1993
Beds:
4
Baths:
2.1
County:
Clackamas
Nhood/Bldg:
WILSONVILLE MEADOWS
Taxe/yr:
$7,004.13
Schools:
Boeckman Creek / Wilsonville
Lot Size:
7,000 to 9,999 SqFt
Acres:
0.21
Courtesy:
Knipe Realty NW, Inc
Status:
Active

View Details
Great family Smart Home with large bonus room that can be used as extra bedroom! Open layout, lots of natural light and high ceilings throughout. Granite counter tops, beautiful cabinetry, ss appliances, hardwoods floors, surround sound and office on main floor.
17199682 1
Address:
3948 SE 26TH AVE Portland, OR 97202
Price:
$399,000
Sqft:
2552
MLS#:
17199682
Built:
1913
Beds:
4
Baths:
1.0
County:
Multnomah
Taxe/yr:
$3,660.86
Schools:
Grout / Cleveland
Lot Size:
3,000 to 4,999 SqFt
Acres:
0.08
Courtesy:
Circa Rose Realty, LLC
Zone:
R2.5
Status:
Active

View Details
Kenilworth craftsman bungalow in Grout / Hosford / and Cleveland district. MAX within blocks. With all the period details, pocket doors, formal dining, wainscoting, hardwoods, formal entry, bedroom on main, spacious kitchen over looking the yard. Oversized front porch facing west. Is close-in 97202 location. Bring your hammer. This is a fixer.
15156425 1
Address:
18625 SE TILLSTROM RD Damascus, OR 97089
Price:
$377,000
Sqft:
2792
MLS#:
15156425
Built:
1967
Beds:
3
Baths:
2.2
County:
Clackamas
Taxe/yr:
$5,070.69
Schools:
Pleasant Valley / Sandy
Lot Size:
1 to 2.99 Acres
Acres:
1.01
Courtesy:
Allison James Estates and Homes of OR LLC
Status:
Active

View Details
One main home plus 2 separate guest homes. Three master-size bdrms. Hardwood, marble and extensive woodwork thru out. Huge 4 car separate garage w/loft. CASH Only, Short Sale & Sold AS-IS; no contingencies. Seller to do no repairs. Mold in some areas. County violations but county willing to work w new owner. Buyer to due own due diligence.
17453449 1
Address:
5218 SW ARNOLD ST Portland, OR 97219
Price:
$369,000
Sqft:
1578
MLS#:
17453449
Built:
1991
Beds:
3
Baths:
2.1
County:
Multnomah
Nhood/Bldg:
WEST PORTLAND PARK
Taxe/yr:
$5,356.63
Schools:
Markham / Wilson
Lot Size:
3,000 to 4,999 SqFt
Acres:
0.11
Courtesy:
Equity Oregon Real Estate
Zone:
R5
Status:
Active

View Details
Great 3 bedroom, 2.1 baths in close in neighborhood. Minutes to Ptld. Bamboo floors on main, vaulted ceilings, tile floors in baths, granite countertops in kitchen and bath, new paint. Large deck and private backyard. All on a quiet dead end street. Sold "AS IS".
17636510 1
Address:
3400 SE JOHNSON CREEK BLVD Portland, OR 97222
Price:
$360,000
Sqft:
2360
MLS#:
17636510
Built:
1911
Beds:
3
Baths:
1.1
County:
Multnomah
Taxe/yr:
$4,450.73
Schools:
Duniway / Cleveland
Lot Size:
10,000 to 14,999 SqFt
Acres:
0.33
Courtesy:
Berkshire Hathaway HomeServices NW Real Estate
Zone:
R10
Status:
Active

View Details
Short sale. Property sold as is. Short sale negotiated by Agape Negotiations LLC #801112. Buyer to pay negotiation fee in the amount of $4, 900.00. Seller will not complete any repairs. LA is owner of Agape Negotiations LLC.
16324232 1
Address:
5042 NE ROSELAWN ST Portland, OR 97218
Price:
$308,000
Sqft:
1458
MLS#:
16324232
Built:
1990
Beds:
3
Baths:
2.0
County:
Multnomah
Taxe/yr:
$4,696.87
Schools:
Rigler / Madison
Lot Size:
5,000 to 6,999 SqFt
Acres:
0.12
Courtesy:
Mal & Seitz
Zone:
R5
Status:
Active

View Details
Perfect location in cul de sac. Close to everything. Nice split level home. Spacious rooms, 3 beds and 2 baths. Family room on lower level. 2 car garage.
17611720 1
Address:
1690 NE 15TH AVE Hillsboro, OR 97124
Price:
$298,804
Sqft:
1388
MLS#:
17611720
Built:
1956
Beds:
3
Baths:
1.1
County:
Washington
Taxe/yr:
$2,523.15
Schools:
Lincoln / Glencoe
Lot Size:
10,000 to 14,999 SqFt
Acres:
0.29
Courtesy:
Keller Williams-PDX Central
Status:
Active

View Details
Fixer home on an oversized lot. Home feels much larger than the sq footage. Several outbuilding/sheds and a large covered patio. List price is bank approved.
15681851 1
Address:
87966 E ALPENGLOW LN Government Camp, OR 97028
Price:
$275,000
Sqft:
1240
MLS#:
15681851
Built:
2004
Beds:
2
Baths:
2.1
County:
Clackamas
Taxe/yr:
$3,610.50
Schools:
Welches / Sandy
Courtesy:
Knipe Realty NW, Inc
Status:
Active

View Details
Beautiful craftsman-stye chalet. Tasteful color scheme, stainless and cherry cabinets, mastersuite with vaulted ceiling. Very nice and like-new condition. 2-car tandem garage with finished laundry room (not incl. in sq. footage). Gas fireplace, Mountain views and community sauna, pool, and jacuzzi. Year-round outdoor activities! Short sale, ask your agent for more details.

19 Listings found with the following criteria:

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

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.

Leave a Comment

required
required
required