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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Address:
131 MAPLE BLVD Wood Village, OR 97060
Price:
$244,900
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

View Details
Bank Approved Price. Rental Ready, and finance-able. Could convert shop into ADU for added cash flow. Seller to do no repairs. Short sale negotiated by Greenway Financial Recovery LLC and fee of $6500 paid by the buyer at closing. Needs various repairs. Sold As-IS.
Address:
5541 SW MULTNOMAH BLVD Portland, OR 97219
Price:
$250,000
Sqft:
1180
MLS#:
20280938
Built:
1980
Beds:
2
Baths:
1.1
County:
Multnomah
Taxe/yr:
$3,941.78
Schools:
Maplewood / Wilson
Lot Size:
0K to 2,999 SqFt
Acres:
0.03
Courtesy:
Premiere Property Group, LLC
Zone:
R7
Status:
Active

View Details
Prime location w/ez access to freeways, parks, Mult.Village shopping/dining. Close to downtown, OHSU & Beaverton/Nike.Peaceful community hidden from road. Rare end unit backs to greenspace w/views of nature. Main lvl features bright kitchen w/SS appl, granite tops & bar that opens to living rm w/cozy wood fp & deck. Full size W/D+half bath. Upper lvl features 2 bdrms & full bath. 1 car private garage+1 deeded space. All appliances included. HES 8!
Address:
8712 N DECATUR ST 301 Portland, OR 97203
Price:
$252,000
Sqft:
934
MLS#:
19446074
Built:
2007
Beds:
2
Baths:
1.0
County:
Multnomah
Taxe/yr:
$4,041.26
Schools:
James John / Roosevelt
Courtesy:
Found! Realty, LLC
Zone:
R1
Status:
Active

View Details
Bank Approved Price! Open concept condo with Chefs kitchen, SS appliances, new bamboo floors, eat bar&large pantry. Living RM with closet, fireplace, new carpet and balcony. Close to shopping, food, & more in downtown & St.John's. Storage Unit, Street Parking. Garage Space Available for 12k Extra, deeded.
Address:
14841 NE GRAHAM ST Portland, OR 97230
Price:
$262,000
Sqft:
1471
MLS#:
19314788
Built:
1985
Beds:
3
Baths:
2.0
County:
Multnomah
Taxe/yr:
$4,071.20
Schools:
Scott / Reynolds
Lot Size:
3,000 to 4,999 SqFt
Acres:
0.1
Courtesy:
MORE Realty
Zone:
R3
Status:
Active

View Details
Don't miss out on this opportunity to make this spacious home your own.Priced to sale!Unlock your imagination to put the magic back into this 3bed/2bath home featuring a marble tile surround gas fireplace in the living room which opens into the kitchen with granite countertops. A sliding door from the kitchen takes you into this delightfully private fully fenced backyard ideal for entertaining. Thereis a bonus room downstairs too!
Address:
5421 SW SEQUOIA DR Tualatin, OR 97062
Price:
$500,000
Sqft:
2449
MLS#:
20071263
Built:
2004
Beds:
4
Baths:
2.1
County:
Clackamas
Nhood/Bldg:
VENETIA
Taxe/yr:
$5,264.03
Schools:
Bridgeport / Tualatin
Lot Size:
5,000 to 6,999 SqFt
Acres:
0.12
Courtesy:
Cascade Sothebys International Realty
Status:
Active

View Details
Set between a bank of evergreens and a well-ranking elementary school, with shopping and dining on 1.5 convenient miles in one direction, rolling green open space, farm fresh eggs, pumpkin patches, and tree farms in another, and all within a quick commute from downtown Portland, is the perfect home, just waiting for you. Enjoy it as-is, or bring your creativity and love and make it truly your own. This home provides the shelter, the home base, the sanctuary you've been looking for!
Address:
29900 S BEAVERCREEK RD Mulino, OR 97042
Price:
$459,000
Sqft:
1570
MLS#:
20051418
Built:
1970
Beds:
3
Baths:
1.0
County:
Clackamas
Taxe/yr:
$2,206.75
Schools:
Molalla / Molalla
Lot Size:
20,000 SqFt to .99 Acres
Acres:
0.76
Courtesy:
Iron Gate Realty Group
Status:
Active

View Details
2 acres on Beavercreek rd. Home is a major fixer.
Address:
11580 SE FALBROOK DR Clackamas, OR 97015
Price:
$379,000
Sqft:
1544
MLS#:
19383069
Built:
1982
Beds:
3
Baths:
2.0
County:
Clackamas
Taxe/yr:
$3,896.77
Schools:
Sunnyside / Clackamas
Lot Size:
5,000 to 6,999 SqFt
Acres:
0.14
Courtesy:
Century 21 Wright & Assoc.
Status:
Active

View Details
Recently updated home in desirable neighborhood, walk Mt. Talbert Nature Park 1 block away. Large deck and yard off the dining area great for BBQ's and entertaining. Updated Roof, Kitchen, Bath, Windows, Lighting, Wood Mantel, flooring and paint. Great location for active adults and kids w/ prime access to freeways and shopping. Very quite and great basement for bonus or additional room for kids or roommate. Move in ready!
Address:
3626 SE 164TH AVE Portland, OR 97236
Price:
$269,900
Sqft:
1650
MLS#:
20075788
Built:
1961
Beds:
2
Baths:
1.0
County:
Multnomah
Taxe/yr:
$3,984.74
Schools:
Meadows / Centennial
Lot Size:
7,000 to 9,999 SqFt
Acres:
0.16
Courtesy:
Knipe Realty ERA Powered
Zone:
R7
Status:
Active

View Details
Handyman special - bring your hammer! Ideal for first time homebuyer or investor. House needs a little TLC but appears solid structurally. Beautiful Brick Fireplace in Living Room. Vinyl Windows. Sleek Black Granite Tile Countertops and Tiled Backsplash in Kitchen. Tile Shower and Countertop in Bathroom. Full partially finished basement. Huge backyard and front yard. As-is sale.
Address:
9630 NW MILLER HILL DR Portland, OR 97229
Price:
$247,500
Sqft:
1091
MLS#:
19045319
Built:
1995
Beds:
2
Baths:
1.1
County:
Multnomah
Nhood/Bldg:
FOREST HEIGHTS
Taxe/yr:
$5,619.76
Schools:
Forest Park / Lincoln
Lot Size:
0K to 2,999 SqFt
Acres:
0.03
Courtesy:
eXp Realty, LLC
Zone:
R10
Status:
Active

View Details
This is a SHORT SALE. Buyer to pay approx $60k special assessment in addition to purchase price. HOA Loan avail. This home boasts a superior location backing to Forest Park green space. Updated kitchen, granite counters, SS appliances, cherry hardwood floors. Lots of natural light. Needs new carpet and paint. Long driveway.
Address:
5925 N DELAWARE AVE Portland, OR 97217
Price:
$549,000
Sqft:
2762
MLS#:
19410987
Built:
1913
Beds:
5
Baths:
3.0
County:
Multnomah
Nhood/Bldg:
OVERLOOK / ARBOR LODGE
Taxe/yr:
$3,834.25
Schools:
Beach / Roosevelt
Lot Size:
3,000 to 4,999 SqFt
Acres:
0.11
Courtesy:
John L. Scott/Woodstock
Zone:
R5
Status:
Active

View Details
WOW! 5 bed, 3 bath, NEW furnace, high efficiency H2O heater, windows, siding paint, flooring, kitchen, remodeled all 3 baths, brand new kitchen w/ quartz & stainless steel appliances. Huge master suite with walk-in closet. New plumbing/Electric-STUDS OUT REMODEL! Detached garage with ADU potential (Buyer to do own diligence). OVERLOOK/ARBOR LODGE!
Address:
2102 NW FARGO LOOP Camas, WA 98607
Price:
$369,900
Sqft:
2538
MLS#:
19328672
Built:
2005
Beds:
3
Baths:
3.1
County:
Clark
Taxe/yr:
$5,693.32
Schools:
Baller / Camas
Lot Size:
3,000 to 4,999 SqFt
Acres:
0.07
Courtesy:
AgencyOne NW
Status:
Active

View Details
Amazing views from this desirable end unit townhome! Gourmet kitchen w/granite & top grade appliances, including convection oven. Beautiful wood floors, French paneling, crown molding, & custom built-ins. Vaulted master; jetted tub, double vanity & deck w/view! Lower level bonus is perfect workshop or 4th Bdrm w/ full bath. HOA INCLUDES Weekly Lawn & Yard Maint, Ext. Paint/Trim, Roof Cleanings, Repairs & Replacement, & Bldg Insurance.
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.

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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