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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 Real Estate Sales from Market Action-RMLS

Tuesday, August 16, 2011
by Liz Warren

Here is a recent chart of activity comparing last year to this year in our Mt. Hood real estate area from Government Camp, Welches, Brightwood, and Rhododendron. This is direct from RMLS reflecting activity in July 2011.

Mt. Hood Real Estate Sales for July 2011 from RMLS

Comparing 2010 to 2011 pending sales are down 45%. Our average sale price, year to date, is down 11.1%. This figure doesn't give much of an indicator though due to so little data. Closed sales by the end of July for the mountain hit 49. This is really surprising considering the incredible interest rates available. Now is the time to buy on the mountain with plenty of inventory and excellent rates for great affordability. 

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Mt. Hood Sales Numbers for July 2011

Sunday, August 14, 2011
by Liz Warren

Sales numbers are in for the Mt. Hood real estate sales for July 2011. A flurry of activity is occurring in August so sales numbers should be up into September and October as pending sales get to closing. The late summer weather may have compressed activity into a short time frame. Time will tell.

Eleven sales in Government Camp, Welches, Brightwood and Rhododendron for the month of July brought in the greatest numbers of this year.

The break down in numbers:

Six foreclosures or short sales

One forest service cabin

Five creek or riverfront sales

Mt. Hood real estate sales for July 2011

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NAR reports on Sales for 2011 compared to 2010 for Portland Vancouver areas

Saturday, August 6, 2011
by Liz Warren

This graphic comes from NAR, the National Association of Realtors. It shows how the Portland-Vancouver metro area compares to last year at this time. You can see the number of listings available has declined nearly 30% compared to 2010. Could this mean sellers are waiting out this market?

This is not true for the Mt. Hood area market in Brightwood, Welches, Rhododendron, and Government Camp. This market is flush with homes, cabins and condos and a buyer's dream. Rates have never been this low coupled with a fantastic selection of properties, it's a perfect time to purchase!

 

Nar chart of sales for June 2011

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Mt. Hood Area Sales for June 2011

Tuesday, July 19, 2011
by Liz Warren

June was pretty amazing compared to the first five months of the year in monthly sales. Government Camp, Welches, Brightwood and Rhododendron hit a whopping eleven sales for June. Residential sales totaled 39 for the year with the addition of these 11. That total is no record breaker of course and here's hoping better weather and more buyers come out and take advantage of this inventory the second half of the year.

Here are the June sales:

3 foreclosures

2 forest service cabins

1 Condo

1 Timberline Rim home

 

Mt. Hood Area Sales for June 2011

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Mt. Hood Real Estate Multiple Listing Numbers are in for June 2011

Sunday, July 17, 2011
by Liz Warren

The multiple listing service just came out with the Mt. Hood area statistics for June. This is for sales including Government Camp, Welches, Rhododendron and Brightwood. Number of sales were substantially up to eleven sales! Total sales since the beginning of the year hit 39.

mt hood real estate sales

Summer has finally arrived and many sellers have placed their properties on the market for the prime summer season. Incredible deals are available with many motivated sellers. It's the perfect time to purchase while interest rates are low making homes more affordable. This could be a once in a generation opportunity according to CBS Money Watch.

Mt. Hood Time to Buy Real Estate

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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 Real Estate Sales

Thursday, June 16, 2011
by Liz Warren

Market activity for the month of May has been reported to multiple listing service for Government Camp, Welches, Rhododendron and Brightwood. A total of four sales for the month of May.

Mt. Hood Real Estate Sales for May 2011

 

From the numbers above you can see year to date, pending sales are down nearly 24% from the year before. This makes for a very competitive marketplace for sellers. Buyers can pick and choose to their hearts content. It's the perfect time to buy while rates and down and costs are low for buyers. Even if prices go down further, this is the best time to purchase while the cost of borrowing is low.

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Mt. Hood Inc.

Wednesday, June 15, 2011
by Liz Warren

Follow OPB's current series on Mt. Hood Inc. This story is about the economic impact of it Mt. Hood disappeared and what would happen to the many jobs in the area. It's called: How Many Jobs Disappear If Mt. Hood Inc. Leaves Oregon? and it covers ski areas, National Forest jobs, resort jobs and more. 

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Mt. Hood on OPB

Friday, June 10, 2011
by Liz Warren

If you missed the story on OPB today live at Timberline Lodge you can catch the podcast here. OPB, Oregon Public Broadcasting, is presenting a series called Mt. Hood Inc. This series is to cover the "value" of Mt. Hood, economically and otherwise.

Beginning the week of June 13th the following areas will be covered on OPB:

Business, Jobs, Products, Brand, Costs and Economic Impact

Find more news, photos and details to follow the week's stories check here.

This gives a valuable background of many details about our Mt. Hood area from tourism, to jobs, numbers of visitors, how people feel about the mountain and more. This will be likely the most comprehensive analysis of the mountain area that has been done in a long time.

For example, did you know that 1.7 million dollars of board feet of timber was cut in the Mt. Hood National Forest in 2010?

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Displaying blog entries 681-690 of 836

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