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

23 Listings found with the following criteria:

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

Narrow your search »

19339885 1
Address:
4320 HAVEN ST Lake Oswego, OR 97035
Price:
$1,200,000
Sqft:
4526
MLS#:
19339885
Built:
2004
Beds:
4
Baths:
3.1
County:
Clackamas
Nhood/Bldg:
Lake Haven
Taxe/yr:
$15,996.13
Schools:
Westridge / Lakeridge
Lot Size:
10,000 to 14,999 SqFt
Acres:
0.28
Courtesy:
Windermere Realty Trust
Status:
Active

View Details
Lodge Like Great Room w/walls of windows, floor to ceiling fireplace, open beams, wood columns, vaulted ceilings, raised hearth, plank floors & built-In cabs. Entertainers kitch w/enormous island & walk-in pantry. Master Suite w/his/hers walk-ins, sitting room & spa like bath. Guest Suite w/Bath. Mud Room, Study & Bonus RM. Outdoor FP, Paver Patios & RV parking. EZ access to Lake Grove, Schools & 2 Boat Easements!
19549929 1
Address:
3400 BARRINGTON DR West Linn, OR 97068
Price:
$1,100,000
Sqft:
5920
MLS#:
19549929
Built:
1997
Beds:
5
Baths:
4.1
County:
Clackamas
Nhood/Bldg:
BARRINGTON HEIGHTS
Taxe/yr:
$16,927.32
Schools:
Willamette / West Linn
Lot Size:
20,000 SqFt to .99 Acres
Acres:
0.77
Courtesy:
Hasson Company
Status:
Active

View Details
Stunning custom home situated in the sought after Barrington Heights neighborhood. Warm and elegant with vaulted and boxbeam ceilings, gourmet kitchen, grand master suite, all looking out to a private greenspace. Stunning woodwork throughout! 5 BD + 3 Bath up and full living space in lower level. Make this home your own piece of paradise with a stunning home, yard, tree's and creek, and neighborhood. Approx 3/4 acres.
19166067 1
Address:
3040 SE MCLOUGHLIN BLVD Portland, OR 97202
Price:
$999,900
Sqft:
5340
MLS#:
19166067
Built:
1892
Beds:
8
Baths:
2.1
County:
Multnomah
Taxe/yr:
$14,860.25
Schools:
Grout / Cleveland
Lot Size:
7,000 to 9,999 SqFt
Acres:
0.22
Courtesy:
Keller Williams Realty Profes.
Zone:
CG
Status:
Active

View Details
Live/Work in the iconic Portland Landmark- The Poulsen House. Every Portlander recognizes the famous Turret balcony towering over the Ross Is Bridge. This restored Queen Anne Victorian has recent modern updates making it wrought w/ opportunities for business or personal enjoyment. The lucky owner will enjoy some of the best views in PDX, drool worthy original details & fantastic floor plan. BANK READY FOR OFFER-AMAZING VALUE!!!
18110526 1
Address:
922 NW 11TH AVE 110 Portland, OR 97209
Price:
$798,000
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.
18113458 1
Address:
3255 NE PRESCOTT ST Portland, OR 97211
Price:
$775,000
Sqft:
2576
MLS#:
18113458
Built:
2018
Beds:
5
Baths:
3.1
County:
Multnomah
Nhood/Bldg:
Concordia
Taxe/yr:
$3,420.03
Schools:
Alameda / Grant
Courtesy:
Keller Williams-PDX Central
Zone:
R5
Status:
Active

View Details
Recent Price drop!! Let's start with the best part: The rooftop deck is stunning and boasts amazing views of the City! Mid-Century Modern at its finest. Less than a 5 min walk from Alberta Arts District. Gourmet kitchen featuring quartz counter top, subway tile backsplash, kitchen island, brushed oak hardwoods, huge master bath, bonus party room on the top floor. [Home Energy Score = 8. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10171618-20180927]
18298244 1
Address:
3255 NE Prescott ST Portland, OR 97211
Price:
$775,000
Sqft:
2576
MLS#:
18298244
Built:
2018
Beds:
5
Baths:
3.1
County:
Multnomah
Nhood/Bldg:
CONCORDIA
Taxe/yr:
$3,420.03
Schools:
Alameda / Grant
Lot Size:
0K to 2,999 SqFt
Courtesy:
Keller Williams-PDX Central
Zone:
R5
Status:
Active

View Details
Recent Price Drop! Mid-Century Modern at its finest! Less than a 5 min walk from Alberta Arts District. This home includes a unique & spacious rooftop deck to enjoy the expansive views of NE Portland! Gourmet kitchen featuring quartz counter top, subway tile backsplash, kitchen island, brushed oak hardwoods, huge master bath, bonus party room on the top floor. [Home Energy Score = 8. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10171618-20180927]
18056792 1
Address:
3257 NE Prescott ST Portland, OR 97211
Price:
$750,000
Sqft:
2576
MLS#:
18056792
Built:
2018
Beds:
5
Baths:
3.1
County:
Multnomah
Nhood/Bldg:
Concordia
Taxe/yr:
$3,420.03
Schools:
Alameda / Grant
Lot Size:
0K to 2,999 SqFt
Courtesy:
Keller Williams-PDX Central
Zone:
R5
Status:
Active

View Details
Recent HUGE price drop! Mid-Century Modern at its finest. Less than a 5 min walk from Alberta Arts District. This home includes a unique & spacious rooftop deck to enjoy the expansive views of NE Portland! Gourmet kitchen featuring quartz counter top, subway tile backsplash, kitchen island, brushed oak hardwoods, huge master bath, bonus party room on the top floor. [Home Energy Score = 7. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10171619-20180927]
18547988 1
Address:
3257 NE Prescott ST Portland, OR 97211
Price:
$750,000
Sqft:
2576
MLS#:
18547988
Built:
2018
Beds:
5
Baths:
3.1
County:
Multnomah
Nhood/Bldg:
Concordia
Taxe/yr:
$3,420.03
Schools:
Alameda / Grant
Courtesy:
Keller Williams-PDX Central
Zone:
R5
Status:
Active

View Details
Recent Price drop!! Let's start with the best part: The rooftop deck is stunning and boasts amazing views of the City! Mid-Century Modern at its finest. Less than a 5 min walk from Alberta Arts District. Gourmet kitchen featuring quartz counter top, subway tile backsplash, kitchen island, brushed oak hardwoods, huge master bath, bonus party room on the top floor. [Home Energy Score = 7. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10171619-20180927]
19438588 1
Address:
14670 SW PEAK CT Tigard, OR 97224
Price:
$599,000
Sqft:
4025
MLS#:
19438588
Built:
1994
Beds:
5
Baths:
3.0
County:
Washington
Nhood/Bldg:
Bull Mountain Estates
Taxe/yr:
$8,198.14
Schools:
Mary Woodward / Tigard
Lot Size:
10,000 to 14,999 SqFt
Acres:
0.25
Courtesy:
RE/MAX Equity Group
Status:
Active

View Details
Room for all your toys and your friends in this great house on Bull Mountain! With over 120 ft of outdoor RV parking. Large garage includes indoor RV parking. Entertain in an indoor/outdoor setting with commercial BBQ setup.
18097409 1
Address:
26920 SW PETES MOUNTAIN RD West Linn, OR 97068
Price:
$575,000
Sqft:
3012
MLS#:
18097409
Built:
1991
Beds:
3
Baths:
3.0
County:
Clackamas
Taxe/yr:
$9,453.16
Schools:
Boeckman Creek / Wilsonville
Lot Size:
1 to 2.99 Acres
Acres:
1.99
Courtesy:
RE/MAX Equity Group
Status:
Active

View Details
Custom Private Petes Mountain home tucked away in a quiet setting near Oregon Golf. 3 bedrooms and 3 baths. Woodstove & Show stopping stone surround fireplace in vaulted great room. Windows galore with sliders off all bedrooms. Main master is in loft upstairs. Gorgeous views. This home needs TLC with Cash or Conv finance only. Massive decking needs replacement for entertaining & enjoying the views. Well and Septic. 3 car garage. Views
19402035 1
Address:
2026 SE 35TH PL Portland, OR 97214
Price:
$545,000
Sqft:
2800
MLS#:
19402035
Built:
1955
Beds:
6
Baths:
3.0
County:
Multnomah
Nhood/Bldg:
HAWTHORNE / DIVISION
Taxe/yr:
$6,123.94
Schools:
Abernethy / Cleveland
Lot Size:
3,000 to 4,999 SqFt
Acres:
0.11
Courtesy:
Premiere Property Group, LLC
Zone:
R5
Status:
Active

View Details
REDUCED $20, 000! 6BR/3 Full Baths Hawthorne District Bungalow just 3 blocks from SE Hawthorne Blvd. Including separate "Granny Flat" apt(w/separate entrance). SHORT SALE APPROVED! CLOSE IN 30 DAYS! So close to Hawthorne, perfect location for entertainment, restaurants & shopping. Remodeled Kitchen, hardwood floors in living room & main level bedrooms. Upper level with 2 bedrooms & Full bath, great for guests or to rent rooms.
18288605 1
Address:
17493 SW CARLSON ST Sherwood, OR 97140
Price:
$535,100
Sqft:
2864
MLS#:
18288605
Built:
1999
Beds:
4
Baths:
2.1
County:
Washington
Nhood/Bldg:
SHERWOOD
Taxe/yr:
$5,962.39
Schools:
Middleton / Sherwood
Lot Size:
7,000 to 9,999 SqFt
Acres:
0.19
Courtesy:
Premiere Property Group, LLC
Status:
Bumpable Buyer

View Details
Beautiful Woodhaven Traditional on Spacious .19 Acre lot. High ceilings throughout main. Grand Entry. Hardwoods. Office, living and dining rooms on main. Open kitchen with gas cook island. Spacious family room with oversized windows to take in the backyard view. Huge loft upstairs. Master Suite w walk-in, soak tub. Two spare bedrooms up. Stunning fenced backyard with patio. Short sale.

23 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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