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Displaying blog entries 591-600 of 783

Foreclosed on? Settlement 1.5 Billion Lost to "Independent Consultants"

Thursday, February 28, 2013
by Liz Warren

Remember that Big settlement of 8.5 Billion dollars that the big ten banks had to pay for the mortgage mess providing 3.8 Billion back to homeowners who were fraudulently foreclosed on between 2009-2010 ? Did you know as part of the settlement the banks spent 1.5 Billion of the 3.8 Billion dollars on "independent consultants" to figure out how to get the money to the foreclosed homeowners?

After complaints to Ben Bernake that the process was taking way too long, the OCC/Fed is working out how payments are made through the servicers and not using  the "independent consultants" after 1.5 Billion dollars! Most of the consulting dollars went to Promontory Financial Group.  Guess who runs Promontory Financial Group: the former chairman of the OCC: Gene Ludwig. 

More details of the 1.5 Billion loss can be found in this Forbes article.

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Lighter Sales in January 2013

Saturday, February 16, 2013
by Liz Warren

Four closed sales for January 2013. This reminds me of the beginning of 2012! Two riverfront properties closed this past month. One small cabin like property and a very large home on over an acre of land.  

Mt. Hood Real Estate Sales for 2013

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Mt. Hood Market Information on Sales for January 2013

Friday, February 15, 2013
by Liz Warren

I believe I had a little whiplash from the drop in number of sales in January 2013 compared to the run up in the last six months of 2012! January totals came in at four sales. After months of 10 to 14 sales per month it appears new tax policy or the fiscal cliff put a big brake on the run up towards the end of the year causing a little downturn.

Mt. Hood area salesinformation for January 2013

This chart from RMLS compares numbers from the same month one year ago. Most experts are saying that 2013 will be a big year for sales as any buyer who wants to take advantage of good rates needs to act right now. By the end of 2013 we could see an increase in rates of nearly 1%! If you are looking to purchase your Mt. Hood getaway, now is the time to act!

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All Multiple Listing Areas Bank Owned and Short Sales for 2012

Monday, January 28, 2013
by Liz Warren

All Area Distressed Sales for 2012

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Mt. Hood Real Estate Sales Up 30% in 2012!

Friday, January 25, 2013
by Liz Warren

Check out the last ten years of Mt. Hood Sales. 2012 was the highest number of sales since 2007!

Mt. Hood Real Estate Sales for 2012

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Record Setting December for Mt. Hood Real Estate Sales!

Monday, January 14, 2013
by Liz Warren

 

December finished with a bang for Mt. Hood real estate sales in 2012! We finished out the fourth quarter with an astonishing 45 sales! Fourteen were credited for the last month of the year. Despite appraisal challenges and buyer and home qualifying issues the numbers speak for themselves.

Here are the fourteen winners in December!

Mt. Hood Real Estate Sales for December 2012

 

Four sales in Government Camp led the pack with three Condo units including a luxury Grand Lodges unit selling for $367,000 and the other two were Collins Lake condos. 

Only two foreclosure sales to report .  There’s only four bank owned properties currently for sale! REO’s or bank owned properties are being usurped by loan modifications and short sales.

Short sales may dominate 2013 over foreclosures with an extension of the Homeowner’s Forgiveness Act just passing this month! Short sales made up 5% of the 2012 sales market.

 

 

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Mt. Hood Area Real Estate Sales Numbers for 2012 With 4.4% Increase in Pricing!

Sunday, January 13, 2013
by Liz Warren

 

Mt. Hood area real estate statistics are in for the 2012 selling season. There are some” good news” numbers to report! The biggest is that the average sale price is up 4.4% as reported by multiple listing service. More good news: total number of sales are up 30% over 2011.

Mt. Hood Area Sales numbers for 2012

As the built up existing inventory gets sold we will eventually see more stabilization in the market and hopefully a rise in prices.

December saw a big decline of 50% pending sales compared to last year. No doubt this was because of the uncertainty of the fiscal cliff talk and the holiday shopping sprees that occupied each weekend.

Government Camp homes and condos finally broke out of its slow down for several years. Eleven condos in Government Camp closed and many single family homes went out the door with nine total.  

foreclosures are slowing nationally down to 20% of sales. Government Camp, Rhododendron, Welches and Brightwood had 28 bank owned sales and seven short sales. We’re 6% higher than the national average in distressed sales!

Continued low interest rates and plenty of inventories to purchase will make 2013 another block buster year for sales. Although qualifying and appraisals make this market challenging we are optimistic that these obstacles will be met. 

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Mt. Hood Sales Surge this Fall 2012!

Monday, December 17, 2012
by Liz Warren

Let’s take a look at the whopping 18 closed sales for the month of November on Mt. Hood listed below. The leased land cabins in the Mt. Hood National Forest came on gang busters with seven closed cabins. This is definitely a record breaking month for cabins. Typically summer months bring buyers out in droves for cabins but this year the fall brought cabin buyers out of the woods.  The other strong segment of sales were cabins that were on fee simple land, or in other words, on their own land. These ranged in the areas of $100,000 to $200,000 mostly.

Timberline Rim racked up two sales and Zig Zag Village totaled one sale. Both of these subdivisions offer amenities of swimming pools and tennis courts which many homeowners prefer especially with kids. 

The good news is that the more inventories that get sold the closer the mountain is to price stabilization.

If this isn’t the best time in history to buy on the mountain, I don’t know what is! Record low interest rates and plenty of cabins and homes to choose from makes a mountain purchase on the TO DO list for 2013!

Check out these offerings for your preferred pricing point:

Mt. Hood Homes and Cabins under $200,000

Mt. Hood Homes and Cabins between $200,000 and $250,000

Mt. Hood Homes and Cabins between $250,000-$300,000

Mt. Hood Homes and Cabins between $300,000 and $400,000

Mt. Hood Homes and Cabins between $400,000 and $500,000

 

 

 

 

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Mt. Hood Area Distressed Sales

Tuesday, October 30, 2012
by Liz Warren

How are mountain properties shaping up in the distressed property department?

96 residential sales as of 10/30/2012

23 Bank Owned

6 Short Sales

30% are Distressed sales on the mountain

Here is an info chart for distressed sales in the Portland metro area.

Portland Metro distressed properties

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September Mt. Hood Sales Slightly Down

Tuesday, October 16, 2012
by Liz Warren

This year has seen a huge increase in sales so far! The nine closed sales for September are listed below. The majority of these purchases were for second homes. Buyers are taking advantage of these lowest ever interest rates and getting their mountain getaway. Sales included two forest service cabins and two Government Camp rec homes!

Mt. Hood real estate sales for September 2012

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Displaying blog entries 591-600 of 783

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