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Displaying blog entries 11-20 of 31

Mt. Hood Foreclosures-Facing Foreclosure? Read This

Sunday, August 28, 2011
by Liz Warren

If you are facing a Mt. Hood foreclosure you may want to pay attention to this recent article in the Oregonian concerning a delay of many foreclosures going to court. This could delay your foreclosure for a while and as the court reviews these cases, some of our Oregon laws could make you liable for the difference in what you owe to the lender and what your home actually sells for. 

This article highlights what happened to a Sandy real estate agent who was in the midst of packing for her foreclosure date.

​How did this happen? Well, last year Federal judges started blocking foreclosures because the lenders did not follow procedures properly. If your mortgage was sold many times (and most have- through MERS*) the requirement is that each sale of that mortgage is to be recorded in the County that the sale takes place. MERS eliminated that "recording" process and these Federal judges are calling that process invalid because they did not follow the law's requirements.

​Call your lender and be sure of the dates for foreclosure because you may be premature in your move out of your home. 

*What is MERS and what does it mean to me in an Oregon foreclosure?

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Mt. Hood Foreclosures on the Market for July 2011

Saturday, July 16, 2011
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Looking for a foreclosure to purchase in Government Camp, Welches, Brightwood, or Rhododendron? Here are today's offerings on the market:

Three condos are on the market with two in the Government Camp Collins Lake complex and one in the Fairway Estates units at the Resort at the Mountain.

Mt. Hood Foreclosures

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Mt. Hood Foreclosure List for June 13

Monday, June 13, 2011
by Liz Warren

Ten foreclosures are currently on the market in the Government Camp, Welches, Brightwood and Rhododendron area. From Collins Lake Condo units in Government Camp to small cabins in Brightwood, the selection is fairly good. Many need a little elbow grease and others a complete cosmetic overhaul!

Mt. Hood area foreclosures

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Mt. Hood Foreclosures

Friday, May 27, 2011
by Liz Warren

Foreclosure properties bring a unique opportunity for buyers right now in the Mt. Hood area. Interest rates are the lowest since the beginning of 2011. Choices are many and it's the perfect time to invest in mountain property.

Here is how Oregon stacks up in the first quarter with foreclosure sales compared to Washington, California and the entire US. These numbers are from RealtyTrac.

 

Mt. Hood Foreclosures

 

The pipeline of foreclosures is still building and yesterday's numbers indicated about 2 million more are heading to the market. Here's stats from MBA, Mortgage Banker's Association. 

 

Foreclosure pipleline

 

So, if you want to take advantage of an immediate price break in purchasing a Mt. Hood Second home, cabin, Condo, rental, or future retirement home, this is the time to make your move. Today's inventory of foreclosures in Government Camp, Welches, Rhododendron and Brightwood are listed below.

 

Mt. Hood Foreclosures

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Mt. Hood Area Foreclosures

Friday, April 15, 2011
by Liz Warren

Weekend shoppers will love today's foreclosures in the Mt. Hood area located in Government Camp, Welches, Brightwood, Rhododendron!

Take advantage of 25 to 40% discounts by purchasing a foreclosure!

Mt. Hood Foreclosures april 2011

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Foreclosure 60 Minutes Segment

Friday, April 8, 2011
by Liz Warren

Did a high school kid sign your foreclosure papers posing as a bank vice president? This recent 60 minute segment aired April 3rd explaining the pervailent fraudulent papertrail of bank forclosure paperwork.

As a follow up, do you know who ownes the deed to your home?

Do the banks need to create a superfund to deal witht his fraud?

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Mt. Hood Foreclosures

Friday, March 25, 2011
by Liz Warren

foreclosures and short sales make up around 34% of Oregon's real estate market sales. Here are the current foreclosures available in Government Camp, Welches, Rhododendron and Brightwood.

Mt. Hood Foreclosures in March 2011

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Mt. Hood Foreclosures For Sale December 2010

Sunday, December 26, 2010
by Liz Warren

Here are all the foreclosures currently for sale in the Mt. Hood Area from Government Camp to Welches, Rhododendron and Brightwood. Some properties have major issues, need substantial work, but most are close to 33% or more below current market value.

December 2010 Mt. Hood Foreclosures

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The Cost of Foreclosures

Wednesday, October 27, 2010
by Liz Warren

What is the real cost of foreclosures in a neighborhood? There are a few of them in the Mt. Hood area. Most are in Brightwood and Rhododendron but more are heading our way. This chart is taken from the web site Center for Responsible Lending and shows how much each Oregonian has lost due to foreclosures impacting the value of their homes. The average loss of value from homes that are near foreclosures is $8,442!

Mt. Hood Foreclosures Loss in Value

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Mt. Hood Area Foreclosures

Sunday, October 3, 2010
by Liz Warren

Nationally, foreclosure buyers received a 26% discount when purchasing foreclosed properties if they purchased in the second quarter this year. Pre Foreclosure buyers received a 12.97% discount. REO or bank owned foreclosure buyers were able to receive a 34.54% discount for their purchase in the second quarter.

According to RealtyTrac, about 24% of sales in the U.S. were foreclosures! The hardest hit states were California, Nevada and Arizona averaging nearly 50% for all of them combined.

Oregon, in the second quarter had around 25% of sales as foreclosures. Of course these foreclosures impact pricing and are creeping into appraisal comparables if they are near a home that is selling. Bad news for sellers due to the impact they have on their values.

The good news is for buyers, there are many properties to choose from. Here is a list of the foreclosures currently for sale in the Mt. Hood area from Government Camp, Rhododendron, Welches, and Brightwood:

Mt. Hood foreclosures

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Displaying blog entries 11-20 of 31

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