Tag Archives: bank owned

Lake Oswego Deals and Steals on the rise

Posted on by
Reply
 

Main Lake Classic

Hit the market peak of 07 @ 1.4M 

Moved to a short sale and closed 4/21/2011 at $810.  

 45% swing.. 

There are deals in all price ranges and the conversation about short sales and bank owned properties is not going away anytime soon.  Statistically speaking we are looking at another 18 months.  Yes prices have settled and in some areas are starting to inch back up which is good not just for the real estate market but our entire economy.  You may know of someone who feels like they are drowning in an upside down scenario that they see no light.  There may be options. 
 

First Addition

 

 4228 sq ftJC Reeves new constructionSold in 2008 for 1.289M. REO 2010.  

Just Closed at $897 30% off the highs…

 

  

 More and more short sales are closing.  Most banks will negotiate with the property owner.  Knowing what the bank wants is the first place to start.  And if it a primary residence the tax laws are in your favor for a few more months.  Vital reading for home owners considerng a short sale and want to understand the forgiveness act.** 

  

On the Willamette River

 

5075 MAPLETON DR, West Linn Lease purchase at 1.025M  in 2007 and returned to the market 10/2009 at a whopping 1.9M. No Market support. Short sale 3/29/2011 at $850 

 It is a different real estate market today.  Working on behalf of sellers and buyers to bring real estate transactions to a close is my job. If I can help answer any of your questions or concern, just call 503-495-5231.  

http://www.irs.gov/individuals/article/0,,id=179414,00.html