West Linn, Lake Oswego and Portland Real Estate

Just like a traditional or equity real estate transaction, a West Linn real estate buyer will make an offer to the seller. And as it is in a traditional sale, the seller may not entertain an offer unless it is written, has earnest monies and pre approval letters included. The seller then accepts, counters or rejects [...]

There are three main types of Portland real estate sales. Traditional / Fair Market / Equity Short Sale Bank Owned / REO (Real Estate Owned) While there are many other “types” of home sales in the Portland Metro area, I just want to point out the  most common.  Lets take a look at some of the [...]

You may have heard the term “short sale” and maybe even wondered what kind of opportunities these types of transactions offer in the West Linn real estate market. Here is a quick rundown of the short sale process.  Let’s start with the  definition of a short sale. A short sale is also called “Short Pay” or [...]

It is very uncommon for the bank to agree up front to accept a short sale, so nobody knows for certain — buyer’s agent, listing agent nor the seller — if a short sale offer will be accepted or rejected by the bank. Even though the West Linn real estate listing is advertised as a [...]

For many distressed sellers, a short sale could be their only path to avoiding foreclosure.   With all of the steps paperwork and waiting involved a short sale can feel like a very difficult path to take.  Talk to a Realtor who has some experience with the entire short sale process to see if the process is right [...]

In this down real estate market, loan modifications, short sales, feeds in lieu, foreclosures and bankruptcy are terms you here thrown out in news articles.   Many West Linn real estate owners have had personal experience with the difficult real estate market, having been forced to make tough decisions about how best to deal with properties [...]

Short Sale properties are really no laughing matter, to most.  My colleague Rob LeRoy out of our Bellingham, WA wrote a recent post about some pitfalls about Short Sales.  Kind of a funny look at the speed bumps you usually encounter in the process including timelines, communication, bank motivation and condition of properties. Also, a couple of [...]