Real Estate Information Archive

Distressed Sales of Bank Owned and Short Sales are WAY DOWN!

Monday, July 21, 2014

by Liz Warren

Here are stats from RMLS showing the second quarter number of distressed sales in the Portland Metro area. The Mt. Hood area from Brightwood to Government Camp currently has six distressed sales including five bank owned properties and one short sale for a Collins Lake Condo unit.

In my opinion, several of the bank owned properties currently for sale are properties that would never receive financing in today's strict lending environment. They were likely refinanced or purchased during the bubble and now in todays' lending arena these homes have problems that will be challenging to fix or overcome. As with any foreclosure, buyer beware. No representations from the bank requires major due diligence.

Distressed sales on Mt. Hood and the Portland Metro area

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Time on the Market for Distressed and Non-Distressed Sales

Wednesday, January 4, 2012

by Liz Warren

Here are some national averages for time on the market for 2011 between REO, short sales and non-distressed properties. Thirty two percent of sales on the market in 2011 were distressed on the mountain. Nationally the number has been around 40% or higher for many months.

Time on the market for distressed and non distressed properties