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:

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

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18382559 1
Address:
20378 S MONPANO OVERLOOK DR Oregon City, OR 97045
Price:
$775,000
Sqft:
4551
MLS#:
18382559
Built:
2002
Beds:
4
Baths:
4.0
County:
Clackamas
Taxe/yr:
$7,835.43
Schools:
Redland / Oregon City
Lot Size:
1 to 2.99 Acres
Acres:
1.98
Courtesy:
Latitude Realty LLC
Status:
Active

View Details
This is a beautiful custom-built home on just under two acres in the Beaver Lake Estates community. Great views, very private, and with a bit of TLC you can turn this property into a true showpiece!
17114692 1
Address:
3962 BASS LN Lake Oswego, OR 97034
Price:
$566,200
Sqft:
2237
MLS#:
17114692
Built:
1984
Beds:
3
Baths:
2.1
County:
Clackamas
Nhood/Bldg:
River Run
Taxe/yr:
$6,342.94
Schools:
Westridge / Lakeridge
Lot Size:
10,000 to 14,999 SqFt
Acres:
0.23
Courtesy:
RE/MAX Preferred Inc.,REALTORS
Status:
Active

View Details
Major fixer is High End neighborhood, million dollar homes on 2 sides! Large 9, 979 sq.ft. lot, fenced back, Formal LR w/frpl, formal dining, family room with wood stove alcove, 3 Bdrms. 2 1/2 baths, office/computer room, hardwood floors, excellent potential!! This home is a short sale. BANK APPRAISAL IN AT $596, 000-MINIMUM OFFER THEY WILL CONSIDER $ 566, 200
18643866 1
Address:
16602 S KRAEFT RD Oregon City, OR 97045
Price:
$500,000
Sqft:
2376
MLS#:
18643866
Built:
1967
Beds:
4
Baths:
2.0
County:
Clackamas
Taxe/yr:
$4,245.39
Schools:
Redland / Oregon City
Lot Size:
5 to 6.99 Acres
Acres:
6.75
Courtesy:
Keller Williams-PDX Central
Status:
Active

View Details
Looking to build a custom home in Meadow Ridge Estates? Welcome to this exclusive gated community in Oregon City. 6.75 view acres is your opportunity to create a home that reflects your dreams and desires.
17330025 1
Address:
21975 SW 65TH AVE Tualatin, OR 97062
Price:
$489,900
Sqft:
2340
MLS#:
17330025
Built:
1940
Beds:
3
Baths:
3.0
County:
Washington
Taxe/yr:
$3,970.02
Schools:
Byrom / Tualatin
Lot Size:
1 to 2.99 Acres
Acres:
1.45
Courtesy:
Windermere Realty Trust
Status:
Active

View Details
FIXER FOR SURE. No working well or septic, roof leaks, has buried oil tank that has not been decommissioned. Needs new roof evidence of prior leaking. Driveway is shared for commercial use with Lee's Farm Store. Easement goes with property. Basement bedrooms have small windows and may not be legal. Direct any questions to listing agent. Shown by appt. only, MUST HAVE APPOINTMENT TO VIEW - DO NOT DISTURB UNLESS YOU HAVE APPT.
17106199 1
Address:
21484 S WESTBY LN Beavercreek, OR 97004
Price:
$485,000
Sqft:
3384
MLS#:
17106199
Built:
1998
Beds:
3
Baths:
2.0
County:
Clackamas
Taxe/yr:
$5,480.09
Schools:
Clarkes / Molalla
Lot Size:
3 to 4.99 Acres
Acres:
4.85
Courtesy:
Knipe Realty ERA Powered
Status:
Active

View Details
Beautiful custom home on just under 5 acres! Horse lovers delight with nearly 2 acres of pasture and yard with a 28x24 barn and 48x36 shop. Open floor plan and large master suit with walk in closet and soak-tub. Pond with waterfall off the back deck, plenty of room to entertain all your guests both inside and out. Perfect potential to make this home into your dream horse property!
17619517 1
Address:
6852 SW GLENWOOD CT Wilsonville, OR 97070
Price:
$465,000
Sqft:
3077
MLS#:
17619517
Built:
1993
Beds:
4
Baths:
2.1
County:
Clackamas
Nhood/Bldg:
WILSONVILLE MEADOWS
Taxe/yr:
$7,190.31
Schools:
Boeckman Creek / Wilsonville
Lot Size:
7,000 to 9,999 SqFt
Acres:
0.21
Courtesy:
Knipe Realty ERA Powered
Status:
Active

View Details
Great family 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.
18559103 1
Address:
19600 SE DEBORA DR Damascus, OR 97089
Price:
$374,900
Sqft:
4032
MLS#:
18559103
Built:
1974
Beds:
5
Baths:
3.1
County:
Clackamas
Taxe/yr:
$4,528.56
Schools:
Dp Crk-Damascus / Clackamas
Lot Size:
20,000 SqFt to .99 Acres
Acres:
0.69
Courtesy:
MORE Realty
Status:
Active

View Details
This house is over 4000SQTF - 3 level , Open staircase, with fire places, separate living room, huge country kitchen has a fire place plus formal dinning room. Needs a complete rehab, but located in the prestigious neighborhood!!!The lot is 0.69 acre private and secluded, treed with awesome walking trails and room to build shop with separate driveway.
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:
$5,981.98
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".
18601789 1
Address:
550 NE 148TH AVE Portland, OR 97230
Price:
$365,000
Sqft:
3459
MLS#:
18601789
Built:
1960
Beds:
6
Baths:
3.0
County:
Multnomah
Nhood/Bldg:
GLENDOVEER GOLF
Taxe/yr:
$6,240.31
Schools:
Glenfair / Reynolds
Lot Size:
15,000 to 19,999 SqFt
Acres:
0.38
Courtesy:
Premiere Property Group, LLC
Zone:
R10
Status:
Active

View Details
short sale price not yet bank approved (was approved and used as foster care} could be separate living quarters in lower level Two furnaces due to size of the home. Still has a one car garage , buyer could convert back for two.
15681851 1
Address:
87966 E ALPENGLOW LN Government Camp, OR 97028
Price:
$325,000
Sqft:
1240
MLS#:
15681851
Built:
2004
Beds:
2
Baths:
2.1
County:
Clackamas
Taxe/yr:
$3,742.38
Schools:
Welches / Sandy
Courtesy:
Knipe Realty ERA Powered
Status:
Active

View Details
Beautiful craftsman-stye chalet. Tasteful color scheme, stainless and cherry cabinets, mastersuite with vaulted ceiling. Very nice and like-new condition. 2-car tandem garage with finished laundry room (not incl. in sq. footage). Gas fireplace, Mountain views and community sauna, pool, and jacuzzi. Year-round outdoor activities! Short sale, ask your agent for more details.
18168501 1
Address:
6600 SE DIVISION ST 309 Portland, OR 97206
Price:
$320,000
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.
17413490 1
Address:
2020 NE 134TH PL Portland, OR 97230
Price:
$298,000
Sqft:
1348
MLS#:
17413490
Built:
1957
Beds:
3
Baths:
1.1
County:
Multnomah
Nhood/Bldg:
Parkrose
Taxe/yr:
$4,095.32
Schools:
Russell / Parkrose
Lot Size:
7,000 to 9,999 SqFt
Acres:
0.22
Courtesy:
Premiere Property Group, LLC
Zone:
R7
Status:
Active

View Details
Quaint home in the heart of Parkrose needing updating in order to make this beauty flourish again. The neighborhood invites you to experience the manicured homes, thriving foliage and wide streets that make Parkrose an inviting place to live. The front and backyard are perfect entertaining areas for family and friends. With a bit of spirit, a sun room is beckoning you to enjoy it's former glory. Large lot, 2 car garage and ample parking

14 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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