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

14 Listings found with the following criteria:

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

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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:
$575,000
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
BOM. 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.
19350989 1
Address:
5354 SW 49TH DR Portland, OR 97221
Price:
$550,000
Sqft:
2965
MLS#:
19350989
Built:
1927
Beds:
4
Baths:
3.0
County:
Multnomah
Nhood/Bldg:
HAYHURST
Taxe/yr:
$4,969.65
Schools:
Hayhurst / Wilson
Lot Size:
7,000 to 9,999 SqFt
Acres:
0.2
Courtesy:
Keller Williams Realty Profes.
Zone:
R2
Status:
Active

View Details
Best price per sq footage in the area! Sweet bungalow sits in a quiet, private setting, w/territorial views. Restored thru-out. Large kitchen w/slab granite & S/S appls. Master suite on main. Lower level possible ADU or bonus/media room. Near Multnomah Village, downtown, Lewis & Clark College, OHSU, bus line. Close by: IBU Public House, Laughing Planet, McMenamins & New Seasons. Short sale 3rd party approval. [Home Energy Score = 5. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10028569-20181024]
19104576 1
Address:
2829 SW 33RD ST Gresham, OR 97080
Price:
$460,000
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.
19054218 1
Address:
1920 SW RIVER DR E905 Portland, OR 97201
Price:
$455,000
Sqft:
820
MLS#:
19054218
Built:
2006
Beds:
1
Baths:
1.0
County:
Multnomah
Nhood/Bldg:
THE STRAND, EAST TOWER
Taxe/yr:
$5,853.47
Schools:
Ainsworth / Lincoln
Courtesy:
Windermere Realty Trust
Zone:
CX
Status:
Active

View Details
Short Sale by seasoned pro's. Luxury one bedroom 9th floor condo at the Strand. South facing unit with river view, walk to waterfront. Stainless steel appliances, hardwoods, deck. Deeded parking space & deeded storage unit. Concierge service. Walk to streetcar. Nearby OHSU, downtown, waterfront.
19439172 1
Address:
12920 SW GLENHAVEN ST Portland, OR 97225
Price:
$395,000
Sqft:
1248
MLS#:
19439172
Built:
1957
Beds:
3
Baths:
2.0
County:
Washington
Nhood/Bldg:
Cedar Hills
Taxe/yr:
$3,309.41
Schools:
William Walker / Beaverton
Lot Size:
7,000 to 9,999 SqFt
Acres:
0.18
Courtesy:
Keller Williams Realty Profes.
Status:
Active

View Details
3 Bed, 2 bath in coveted, serene Cedar Hills location. New Roof, ext paint, refinished hardwoods. Granite tile kitchen w ample counter space, graphite flooring. Remodeled bath, HE gas furnace, tankless water heat, newer windows, slider, plantation shutters. Wood FP. Great location, shopping, transportation, Commonwealth Lake Park. Potentially short sale. Owner is Broker.
18011219 1
Address:
703 NE 79TH AVE Portland, OR 97213
Price:
$384,000
Sqft:
3040
MLS#:
18011219
Built:
1910
Beds:
8
Baths:
3.0
County:
Multnomah
Taxe/yr:
$5,769.01
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.
19538432 1
Address:
4828 SE NAEF RD Milwaukie, OR 97267
Price:
$380,000
Sqft:
2840
MLS#:
19538432
Built:
1962
Beds:
5
Baths:
3.0
County:
Clackamas
Taxe/yr:
$4,961.01
Schools:
View Acres / Putnam
Lot Size:
20,000 SqFt to .99 Acres
Acres:
0.64
Courtesy:
Keller Williams-PDX Central
Status:
Active

View Details
Spacious home on .64 acres waiting for you to fix it up and make it your own. Unique floor plan with dual masters. One on the main floor and one upstairs.
19230784 1
Address:
7221 N CATLIN AVE Portland, OR 97203
Price:
$340,000
Sqft:
1658
MLS#:
19230784
Built:
1910
Beds:
2
Baths:
1.0
County:
Multnomah
Taxe/yr:
$3,603.39
Schools:
Sitton / Roosevelt
Lot Size:
7,000 to 9,999 SqFt
Acres:
0.16
Courtesy:
24/7 Properties
Zone:
R5
Status:
Active

View Details
Investment Opportunity! Short Sale.
18075079 1
Address:
3611 NE 150TH AVE Portland, OR 97230
Price:
$327,000
Sqft:
2158
MLS#:
18075079
Built:
1995
Beds:
3
Baths:
2.1
County:
Multnomah
Taxe/yr:
$4,672.19
Schools:
Margaret Scott / Reynolds
Lot Size:
5,000 to 6,999 SqFt
Acres:
0.13
Courtesy:
Keller Williams-PDX Central
Zone:
R5
Status:
Active

View Details
View of Mount St. Helens. Den and bonus room. Could make 4th bedroom. Hardwoods, marble fireplace, RV parking and more. Close to downtown and super school district. Bank approved short sale at 327, 000
18006671 1
Address:
1730 SW HARBOR WAY 305 Portland, OR 97201
Price:
$299,900
Sqft:
920
MLS#:
18006671
Built:
1986
Beds:
1
Baths:
1.0
County:
Multnomah
Nhood/Bldg:
Riverplace Downtown
Taxe/yr:
$5,329.18
Schools:
Ainsworth / Lincoln
Courtesy:
Hasson Company
Zone:
CX
Status:
Active

View Details
You won't want to miss this amazing Riverplace condo. Space abounds in this coveted 1 bedroom floorplan featuring an oversized living room, large master suite, walk-in closet, separate dining, and full size washer/dryer in unit. Plenty of opportunity for outdoor living on the 330+ square foot patio with separate seating area from the master bedroom and living room. Just steps to bike paths, coffee, restaurants, shopping, & downtown.
19163457 1
Address:
1911 NE LIBERTY AVE Gresham, OR 97030
Price:
$290,000
Sqft:
1160
MLS#:
19163457
Built:
1973
Beds:
3
Baths:
1.0
County:
Multnomah
Taxe/yr:
$2,803.68
Schools:
Highland / Gresham
Lot Size:
7,000 to 9,999 SqFt
Acres:
0.16
Courtesy:
Keller Williams-PDX Central
Status:
Active

View Details
Cute ranch with large level lot. Quiet neighborhood. Two car garage. Has great potential. Deck of backslider. Large front two door entrance from porch. OPEN HOUSE HAS BEEN CANCELLED FOR 03/03

14 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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