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

26 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:
$875,000
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.
17544732 1
Address:
2146 SE BELMONT ST Portland, OR 97214
Price:
$600,000
Sqft:
3646
MLS#:
17544732
Built:
1911
Beds:
5
Baths:
3.0
County:
Multnomah
Nhood/Bldg:
BELMONT/BUCKMAN
Taxe/yr:
$5,550.61
Schools:
Buckman / Cleveland
Lot Size:
3,000 to 4,999 SqFt
Acres:
0.09
Courtesy:
Premiere Property Group, LLC
Zone:
R1
Status:
Active

View Details
Cool Belmont-area home ready to shine w/ 1911 beauty again! Leaded glass, many period details. Original wood: ALL paint removed! Great for family, or investor! Duplex now; 3rd floor joists & Plywd dbled for permits as Tri? Un-divide back/single-family home?! SO MUCH done: new ceilings, walls, elec panel, copper plumb, windows fixed. 4 Buyer: Refinish all stripped wood, paint, floors. Well-progressed shortsale w/negotiator-call agent!
17324790 1
Address:
2523 NE 41ST AVE Portland, OR 97212
Price:
$550,000
Sqft:
3114
MLS#:
17324790
Built:
1908
Beds:
4
Baths:
1.1
County:
Multnomah
Nhood/Bldg:
HOLLYWOOD
Taxe/yr:
$6,087.70
Schools:
Beverly Cleary / Grant
Lot Size:
5,000 to 6,999 SqFt
Acres:
0.12
Courtesy:
Oregon Realty Co.
Zone:
R5
Status:
Active

View Details
Same owner for 47 years, classic Old Portland Craftsman with large front porch. Original light fixtures, pocket doors, dining room with built-ins, large formal living room, entry and foyer with beautiful woodwork staircase. Hardwood & fir floors. Kitchen with breakfast nook. Fourth bedroom on main currently office. Fixer in need of TLC. Beverly Cleary and Grant Schools, blocks from Hollywood District.
17350337 1
Address:
19272 MAHOGANY DR Oregon City, OR 97045
Price:
$537,150
Sqft:
3310
MLS#:
17350337
Built:
2005
Beds:
5
Baths:
3.0
County:
Clackamas
Nhood/Bldg:
Lienert Farms-Hazel Grove
Taxe/yr:
$6,823.76
Schools:
John McLoughlin / Oregon City
Lot Size:
7,000 to 9,999 SqFt
Acres:
0.21
Courtesy:
RE/MAX Equity Group
Status:
Active

View Details
Incredible Charm~Skylights~Bedroom on main~ plus 11 x 13 den/office/formal~4 beds up~Maple cabinets~slab granite counters in Kitch~2 gas fp w/tile surround, upgraded fixture pkg~ iron railing~trim details~stainless steel appliance~master SUITE~tile counters in bath~built in entertainment ctr in fan room~wired for surround & MUCH more. Bonus Up~Large RV pad plus a three car garage~plumbed 4 gas~4 berry bushes~See Features sheet attached.
17109534 1
Address:
9494 SE CHATFIELD CT Happy Valley, OR 97086
Price:
$524,900
Sqft:
4879
MLS#:
17109534
Built:
2000
Beds:
5
Baths:
4.1
County:
Clackamas
Nhood/Bldg:
ALTAMONT-view from upper level
Taxe/yr:
$10,291.28
Schools:
Mt Scott / Clackamas
Lot Size:
7,000 to 9,999 SqFt
Acres:
0.18
Courtesy:
Spring Cutsforth Realty Group
Status:
Active

View Details
Windows, Blt-ins in DN, Gas Frpl, Travertine!Several Blt-in Lit Accent Areas!Gourmet Kitch w/Granite, Eat-Area & Fam Rm w/Frpl, Wall of Windows & Deck!Master/Office on Main!French Drs to Lg Master Suite w/Sit Room, Frpl, Office, Wall of Windows & Deck!French Drs to Upper Bonus!Lower Level w/Lg Bonus w/Deck!3 Decks!Fenced Landscaped Yard!Too much to mention!Lite Fixer, Prefer Cash Offers!**Realtors, HURRY ON THIS WELL APPOINTED HOME!Short Sale!**
17634867 1
Address:
3107 NE 158TH AVE Portland, OR 97230
Price:
$469,900
Sqft:
3361
MLS#:
17634867
Built:
1979
Beds:
5
Baths:
3.0
County:
Multnomah
Taxe/yr:
$6,967.35
Schools:
Margaret Scott / Reynolds
Lot Size:
10,000 to 14,999 SqFt
Acres:
0.25
Courtesy:
Living Room Realty
Zone:
R7
Status:
Active

View Details
Great contemporary home in the Wilkes Neighborhood. Mountain views from a fabulous corner lot. Two bedroom one bathroom basement apartment with kitchen and living room area.
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.
17160608 1
Address:
9260 SE WYNDHAM WAY Happy Valley, OR 97086
Price:
$399,900
Sqft:
2650
MLS#:
17160608
Built:
2004
Beds:
4
Baths:
3.1
County:
Clackamas
Taxe/yr:
$7,147.97
Schools:
Mt Scott / Clackamas
Lot Size:
7,000 to 9,999 SqFt
Acres:
0.18
Courtesy:
Keller Williams Sunset Corridor
Status:
Active

View Details
It can be a great house with great view and cozy living space. Repairs is needed! Potential for investor and also home owner occupy to fix it. Call LA for questions!
17605529 1
Address:
8528 N BUCHANAN AVE Portland, OR 97203
Price:
$399,900
Sqft:
1466
MLS#:
17605529
Built:
2006
Beds:
4
Baths:
2.1
County:
Multnomah
Nhood/Bldg:
ST. JOHNS
Taxe/yr:
$4,154.57
Schools:
James John / Roosevelt
Lot Size:
3,000 to 4,999 SqFt
Acres:
0.09
Courtesy:
Real Pro NW.com
Zone:
R5
Status:
Active

View Details
Beautiful & like new four bedroom w/yard. Cherry cabinets, stainless steel appliances & cherry hardwood floor in kitchen. Spacious bedrooms, gas furnace & fireplace. Fully fenced big yard & much more.
17285881 1
Address:
21875 S FOOTHILLS AVE Oregon City, OR 97045
Price:
$390,000
Sqft:
2116
MLS#:
17285881
Built:
1972
Beds:
4
Baths:
1.0
County:
Clackamas
Taxe/yr:
$2,855.67
Schools:
Carus / Canby
Lot Size:
15,000 to 19,999 SqFt
Acres:
0.46
Courtesy:
Realty Edge
Status:
Active

View Details
This home is walking distance to Stone Creek and on a dead end street. Huge lots with tons of potential. Offering a High open great room with a spacious kitchen. 3/4 inch solid oak floors. It is 4 bedroom 1 bath home with an unfinished 2nd bath. Come see why its nice in Oregon City.
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".

26 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.

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