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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18522130 1
Address:
3927 NW DEVOTO LN Portland, OR 97229
Price:
$1,095,000
Sqft:
5963
MLS#:
18522130
Built:
2002
Beds:
5
Baths:
4.1
County:
Multnomah
Taxe/yr:
$23,130.11
Schools:
Forest Park / Lincoln
Lot Size:
10,000 to 14,999 SqFt
Acres:
0.32
Courtesy:
John L. Scott Market Center
Zone:
R10
Status:
Active

View Details
Stunning custom home with panoramic southern facing views. Gourmet kitchen w/ top of the line appliances, granite counters, cook island & walk-in pantry. Enjoy the multigenerational living w/ an additional full kitchen and master suite on the lower level. Suite on the main and suite plus two additional bedrooms on the upper level. Spacious features, covered decks, and cherry hardwood floors. Beautiful flow for living and entertaining.
18110526 1
Address:
922 NW 11TH AVE 110 Portland, OR 97209
Price:
$894,000
Sqft:
1634
MLS#:
18110526
Built:
2004
Beds:
2
Baths:
2.0
County:
Multnomah
Nhood/Bldg:
PEARL DISTRICT / PARK PLACE
Taxe/yr:
$12,092.00
Schools:
Chapman / Lincoln
Courtesy:
Dwell Realty
Status:
Active

View Details
Enter your own 255sqft. patio, this is one of only 8 patios this size in the Pearl which lives like a a NYC Brownstone. Everything is right here! Jamison Park, Tanner and the Fields Park, 2-5 star dining within walking distance. Garden-like setting. Striking new wood floors, updated carpeting, quartz & granite counter tops, 15' ceilings plus a large office that could be a guest room. Refrigerator not included in sale.
18271346 1
Address:
17580 SE SUNNYSIDE RD Damascus, OR 97089
Price:
$570,000
Sqft:
3556
MLS#:
18271346
Built:
1968
Beds:
5
Baths:
3.0
County:
Clackamas
Taxe/yr:
$6,434.41
Schools:
Happy Valley / Clackamas
Lot Size:
1 to 2.99 Acres
Acres:
1.26
Courtesy:
Handris Realty Co.
Status:
Active

View Details
Day Range on 1.25 acres. Need some work, but has good bones. Short Sale. County records show this land is ZONE R-10 Dividable, Buyer to verify.
18257295 1
Address:
2788 NW ROBINIA LN Portland, OR 97229
Price:
$565,000
Sqft:
3002
MLS#:
18257295
Built:
2003
Beds:
4
Baths:
2.1
County:
Washington
Taxe/yr:
$6,304.14
Schools:
Bonny Slope / Sunset
Lot Size:
5,000 to 6,999 SqFt
Acres:
0.15
Courtesy:
Knipe Realty ERA Powered
Status:
Active

View Details
Needs light TLC and home will really shine! Located in a desirable west side location. Hardwoods, high ceilings and flowing floor plan. This home is over 3000 sf ft and features large rooms. As-is sale.
18268524 1
Address:
15462 NW ENERGIA ST Portland, OR 97229
Price:
$540,000
Sqft:
2252
MLS#:
18268524
Built:
1996
Beds:
5
Baths:
3.0
County:
Washington
Taxe/yr:
$4,691.83
Schools:
Sato / Westview
Lot Size:
5,000 to 6,999 SqFt
Acres:
0.14
Courtesy:
Urbane Realty Group
Status:
Active

View Details
Amazing 5bd/3ba home located within walking distance to Bethany Village Starbucks, Athletic Club, QFC Supermarket & more! Natural light abounds from vaulted entry, living & dining room. Side-by-side 3 Car Garage. 5th bdrm/Bonus Rm up, Den/bed rm on the main floor adjacent to full bath. Master has dual closets.
18531639 1
Address:
765 SW CHESTNUT ST Portland, OR 97219
Price:
$489,950
Sqft:
4290
MLS#:
18531639
Built:
1948
Beds:
3
Baths:
1.2
County:
Multnomah
Nhood/Bldg:
BURLINGAME
Taxe/yr:
$9,468.49
Schools:
Rieke / Wilson
Lot Size:
7,000 to 9,999 SqFt
Acres:
0.17
Courtesy:
24/7 Properties
Zone:
R7
Status:
Active

View Details
Tons of potential! This home features 3 fireplaces, wood floors through out the main living areas, and a large unfinished basement ready to make your own. This home just needs some TLC.
18455557 1
Address:
19773 E VICTORY LN Sandy, OR 97055
Price:
$450,000
Sqft:
2765
MLS#:
18455557
Built:
2006
Beds:
3
Baths:
2.1
County:
Clackamas
Taxe/yr:
$4,122.88
Schools:
Welches / Sandy
Lot Size:
20,000 SqFt to .99 Acres
Acres:
0.42
Courtesy:
Windermere/Sandy Real Estate
Status:
Active

View Details
Possibilities of owning a spectacular home. Modern construction, end of road, connects for hot tub and exterior holiday lights. Large upstairs Bonus, Master on the main, kitchen island, Large back yard, tile floors, wood trimCommunity water. Easy drive to Mt Hood and Sandy, sound system installed.
18548595 1
Address:
2373 SE 44TH AVE 305 Portland, OR 97215
Price:
$440,000
Sqft:
1231
MLS#:
18548595
Built:
2006
Beds:
2
Baths:
2.0
County:
Multnomah
Taxe/yr:
$7,738.08
Schools:
Creston / Franklin
Courtesy:
Portlandia Properties, LLC
Zone:
CM
Status:
Active

View Details
Pre Approved Short Sale. Cash deals only. Must close by 10/04/2018. Future siding assessment pending which will likely increase the HOA by a few hundred dollars per month. Possibility of future assessment makes lending difficult. Open concept includes breezy loft space. Walls of windows let in tons of light and Tabor view. Walk to shops and restaurants. Deeded Parking and Storage. Appraised at $490, 000
18666619 1
Address:
9931 SE EASTMONT DR Damascus, OR 97089
Price:
$439,900
Sqft:
3318
MLS#:
18666619
Built:
1968
Beds:
6
Baths:
3.0
County:
Clackamas
Taxe/yr:
$5,203.42
Schools:
East Orient / Sam Barlow
Lot Size:
1 to 2.99 Acres
Acres:
1.0
Courtesy:
Knipe Realty ERA Powered
Status:
Active

View Details
Mountain view! Fantastic floorplan with soaring open beamed ceilings, stone fireplace, large deck and large windows to showcase the mountain/territorial view. Separate living quarters on lower level. Needs a "refresh" and TLC and will really shine.
18157477 1
Address:
507 ASH ST Lake Oswego, OR 97034
Price:
$399,000
Sqft:
4666
MLS#:
18157477
Built:
1963
Beds:
4
Baths:
3.0
County:
Clackamas
Nhood/Bldg:
South Oswego
Taxe/yr:
$7,740.78
Schools:
Hallinan / Lakeridge
Lot Size:
10,000 to 14,999 SqFt
Acres:
0.33
Courtesy:
Windermere Realty Trust
Status:
Active

View Details
Short sale flipper. Foreclosure date was extended at the last minute so back on the market. This home is solid and full of character. Rock fireplace and rounded windows to deck across the entire back. Needs a roof right now, and then redo the interior. Large secluded lot with peek-a-boo view of the lake. Sold AS IS. Less than $100 per foot, in Lake Oswego!
18413135 1
Address:
1461 SE 51ST AVE Hillsboro, OR 97123
Price:
$397,000
Sqft:
1683
MLS#:
18413135
Built:
1979
Beds:
3
Baths:
2.0
County:
Washington
Nhood/Bldg:
GOLD
Taxe/yr:
$3,536.71
Schools:
Imlay / Century
Lot Size:
7,000 to 9,999 SqFt
Acres:
0.19
Courtesy:
Keller Williams Sunset Corridor
Status:
Active

View Details
Well kept one level home in sought after Havenwood neighborhood. Hardwoods, large updated kitchen with soft close cabinetry, modern ss appliances & vaulted ceilings. Enjoy outdoor living on covered deck, large patio, above ground pool & manicured yard! Make the partially finished 315 sqft bonus room your own! Near parks & schools with easy access to Hwy 26.
18168501 1
Address:
6600 SE DIVISION ST 309 Portland, OR 97206
Price:
$335,000
Sqft:
1153
MLS#:
18168501
Built:
1983
Beds:
3
Baths:
2.0
County:
Multnomah
Taxe/yr:
$3,535.14
Schools:
Atkinson / Franklin
Courtesy:
John L. Scott Market Center
Zone:
CN2
Status:
Active

View Details
3 bedroom 2 bath, top floor condo. Secure entry, covered parking, and elevator access. Desirable location and within walking distance to Mt.Tabor Park. Open floor-plan includes kitchen with stainless steel appliances and granite counter tops, wood-burning fireplace in the living room, and outdoor balcony.

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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