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

18 Listings found with the following criteria:

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

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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

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Address:
11790 SE AERIE CRESCENT RD Happy Valley, OR 97086
Price:
$499,900
Sqft:
3200
MLS#:
19128988
Built:
2005
Beds:
4
Baths:
3.0
County:
Clackamas
Taxe/yr:
$7,224.67
Schools:
Mt Scott / Clackamas
Lot Size:
5,000 to 6,999 SqFt
Acres:
0.14
Courtesy:
Mal & Seitz
Status:
Active

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Short sale, motivated seller. Short sale handled by DMSP#80112. Buyer to pay negotiation fee in the amount of$4000 at closing. See atteched document. Please call LA for showings. Beatiful home with 4 bedrooms and a bonus room. Well maintained. More pictures to come!
Address:
11411 SE WAHKEENA CT Happy Valley, OR 97086
Price:
$699,900
Sqft:
4376
MLS#:
19069027
Built:
2005
Beds:
7
Baths:
4.1
County:
Clackamas
Taxe/yr:
$11,601.62
Schools:
Mt Scott / Clackamas
Lot Size:
10,000 to 14,999 SqFt
Acres:
0.23
Courtesy:
Handris Realty Co.
Status:
Active

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Short Sale! Beautiful Home located in a cul-de-sac with lot's of amenities to list. Needs some TLC!
Address:
2626 NE FREMONT DR Portland, OR 97220
Price:
$337,000
Sqft:
1968
MLS#:
19690137
Built:
1949
Beds:
4
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 Realty Portland Elite
Zone:
R5
Status:
Active

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Updated ranch style home with a Master suite, jetted tub and walk-in closet. A private hideout with the master on the opposite side of the home. Extra parking and a stone patio in the back yard, make this home an entertainer's dream.
Address:
3910 NW 122ND ST Vancouver, WA 98685
Price:
$275,000
Sqft:
2204
MLS#:
19022063
Built:
1965
Beds:
3
Baths:
2.0
County:
Clark
Taxe/yr:
$3,946.53
Schools:
Felida / Skyview
Lot Size:
10,000 to 14,999 SqFt
Acres:
0.3
Courtesy:
Keller Williams Realty
Status:
Active

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Split-level backs to Felida Park. Great opportunity to build some sweat Equity. Offers will be accepted until 10/21/2019
Address:
115 SE 102ND AVE Vancouver, WA 98664
Price:
$275,000
Sqft:
1178
MLS#:
19050078
Built:
1951
Beds:
3
Baths:
1.0
County:
Clark
Taxe/yr:
$2,428.03
Schools:
Ellsworth / Mountain View
Lot Size:
7,000 to 9,999 SqFt
Acres:
0.2
Courtesy:
Berkshire Hathaway HomeServices NW Real Estate
Status:
Active

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3 bedroom, 1 bathroom ranch home with attached 1 car garage and large lot. Vaulted ceilings finished in cedar with french doors off of the breakfast nook area. Newer roof and perfectly located for commuting.
Address:
7221 N CATLIN AVE Portland, OR 97203
Price:
$358,000
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

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Investment Opportunity! Short Sale.
Address:
8713 NE 107TH AVE Vancouver, WA 98662
Price:
$349,900
Sqft:
1936
MLS#:
19008605
Built:
2006
Beds:
4
Baths:
2.1
County:
Clark
Taxe/yr:
$3,521.36
Schools:
Silver Star / Heritage
Lot Size:
5,000 to 6,999 SqFt
Acres:
0.14
Courtesy:
Berkshire Hathaway HomeServices NW Real Estate
Status:
Active

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**OPEN HOUSE SUN 10/13 1-4PM** This 4 bedroom 2.5 bath home has the master suite on the main with his and her closets and double sinks. The kitchen features granite counters and stainless appliances and has a nook area. Tall ceilings in the family room and a gas fireplace. 9 x 42 additional parking on the side which is great for a boat or trailer. Don't miss the 3D virtual tour to walk through this home online now.
Address:
870 NW GARIBALDI ST Hillsboro, OR 97124
Price:
$325,000
Sqft:
3008
MLS#:
19641880
Built:
1913
Beds:
5
Baths:
2.0
County:
Washington
Taxe/yr:
$3,272.19
Schools:
McKinley / Glencoe
Lot Size:
7,000 to 9,999 SqFt
Acres:
0.21
Courtesy:
Portland Home Realty Inc
Status:
Active

View Details
This beautiful 5 bdrms, 2 baths original Farmhouse in almost 1/4 acre, is sold "As-Is", it needs Banks and U.S. Bankruptcy approval, buyer willing to wait for at least 2 months.
Address:
7625 SE BYBEE BLVD Portland, OR 97206
Price:
$325,000
Sqft:
1792
MLS#:
19557899
Built:
2007
Beds:
4
Baths:
2.1
County:
Multnomah
Taxe/yr:
$4,422.75
Schools:
Woodmere / Franklin
Lot Size:
3,000 to 4,999 SqFt
Acres:
0.07
Courtesy:
Keller Williams Sunset Corridor
Zone:
R5
Status:
Active

View Details
Amazing investment opportunity! Open 4 bedroom home that offers nothing but potential! Large master with walk-in closet. Dine-inkitchen. Attached garage. Low maintenance yard. Come put your personal touch on this spacious home!
Address:
7601 SW ALDEN ST Portland, OR 97223
Price:
$399,000
Sqft:
2248
MLS#:
19081183
Built:
1946
Beds:
3
Baths:
3.0
County:
Washington
Taxe/yr:
$3,994.50
Schools:
Montclair / Southridge
Lot Size:
10,000 to 14,999 SqFt
Acres:
0.31
Courtesy:
Berkshire Hathaway HomeServices NW Real Estate
Status:
Active

View Details
Location, location, location! Fixer on a large lot in desirable Garden Home area. Quiet street and mature neighborhood create a tranquil home minutes away from Multnomah Village and Washington Square. Large dining room and plenty of storage space. Third bedroom with exterior door could be a separate living area. Heated floors in parts of the house. Side patio and a big laundry room. Unfinished attic room is ready for your imagination!
Address:
2013 RIDGEWOOD RD Lake Oswego, OR 97034
Price:
$1,050,000
Sqft:
4116
MLS#:
19140229
Built:
1996
Beds:
5
Baths:
3.1
County:
Clackamas
Taxe/yr:
$17,998.03
Schools:
Lake Grove / Lake Oswego
Lot Size:
15,000 to 19,999 SqFt
Acres:
0.44
Courtesy:
eXp Realty, LLC
Status:
Active

View Details
Price Reduced again! Approved Short Sale. Property incl a Boat/Lake/Swim Easement. Spacious 5BR & 3.1BA w/4116sf finished living on 3 levels. Beautifully remodeled Contemporary. Vaulted entry w/walls of windows in Library/Den & Formal LR. Gourmet Island Kitchen. Gorgeous Master Suite w/FP. Daylight basement w/Great Room, office, 5th BR & bonus 1100sf unfin area w/separate entrance (5216sf total). Terraced backyard. LO Schools. Unstaged.

18 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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