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

16 Listings found with the following criteria:

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

Narrow your search »

18499722 1
Address:
22654 S FERGUSON RD Beavercreek, OR 97004
Price:
$899,000
Sqft:
5940
MLS#:
18499722
Built:
2002
Beds:
4
Baths:
4.1
County:
Clackamas
Taxe/yr:
$12,330.81
Schools:
Beavercreek / Oregon City
Lot Size:
5 to 6.99 Acres
Acres:
5.0
Courtesy:
Knipe Realty ERA Powered
Status:
Active

View Details
Opportunity knocks! Beautiful and spacious home on 5 acres with shop! Street of Dreams builder! Handscraped hardwood floors, new exterior paint, granite, tile, boxed beam & cathedral ceilings, gourmet kitchen. Private, treed grounds have blueberries, fruit trees, 2 creeks, a huge pole-barn/shop with cement floor and electricity. Solar panels for huge savings on electric bill. Light tlc needed for carpet and paint, sold as-is.
17660250 1
Address:
10230 NW GLOAMING LN Portland, OR 97229
Price:
$850,000
Sqft:
5001
MLS#:
17660250
Built:
2005
Beds:
5
Baths:
4.1
County:
Multnomah
Taxe/yr:
$18,172.23
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.
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
18531639 1
Address:
765 SW CHESTNUT ST Portland, OR 97219
Price:
$499,950
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.
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.
18622770 1
Address:
21953 S REDLAND RD Estacada, OR 97023
Price:
$400,000
Sqft:
3054
MLS#:
18622770
Built:
1965
Beds:
4
Baths:
3.1
County:
Clackamas
Taxe/yr:
$4,660.40
Schools:
Redland / Estacada
Lot Size:
1 to 2.99 Acres
Acres:
2.0
Courtesy:
Premiere Property Group, LLC
Status:
Active

View Details
Open House Thurs 5-7:30pm. Park-Like Property! Look forward to coming home everyday to relax at your 2-acre waterfront home. Sit on the deck enjoying the sounds of Clear Creek & the cooling shade from the tall trees. Two master bedrooms - one on the main w/private entrance and the other upstairs. Along with 3 fireplaces and 2 decks you will enjoy the tranquility and space both inside and out. This is a short sale & home needs updating.
18601789 1
Address:
550 NE 148TH AVE Portland, OR 97230
Price:
$380,000 - $407,000
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
(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.
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".
18527775 1
Address:
38859 JERGER ST Sandy, OR 97055
Price:
$354,000
Sqft:
1316
MLS#:
18527775
Built:
2003
Beds:
3
Baths:
2.0
County:
Clackamas
Taxe/yr:
$2,833.97
Schools:
Firwood / Sandy
Lot Size:
3,000 to 4,999 SqFt
Acres:
0.1
Courtesy:
John L. Scott Sandy
Status:
Active

View Details
Adorable and well maintained ranch home. Great floor plan with very open kitchen. Space above garage has been converted to a loft and is used as an extra bedroom with no closet. Back yard has a large covered patio. Beautiful wood floors throughout. A real must see!!
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.
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.

16 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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