Foreclosure in Salem : Advice

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Francisco Ga…, Real Estate Pro in Salem, OR
Francisco Garcia answered:
I am thinking of letting my house go into foreclosure. How does the process work?What are the ramifications? what about options?
If all other options are no longer there, the most efficient will be to do a short sale, short sales allow you to get back to the market a lot sooner (around 2 1/2 year) vs Foreclosure, ... more
0 votes Share Flag Mon Sep 30, 2013 Foreclosure in Salem
Francisco Ga…, Real Estate Pro in Salem, OR
Francisco Garcia answered:
What is the typical process of buying a short sale property?
How the short sale process is done depends on loan type (FHA, USDA etc), the next one is if the seller is doing a HAFA or Traditional Short Sale, all this are questions that should be a ... more
0 votes Share Flag Mon Sep 30, 2013 Foreclosure in Salem
Michael Shur…, Real Estate Pro in Salem, OR
Michael Shurtleff answered:
Does Oregon allow for the sale of redemption rights?
the statutes below show three things.

a trust deed can be foreclosed in oregon nonjudicially by advertisement and sale - or it can be foreclosed judicially under most of the rules ... more
0 votes Share Flag Sat Oct 27, 2012 Foreclosure in Salem
Angie3m, Other/Just Looking in Oregon
Angie3m answered:
Foreclosures... Worth it for First timers? How do we find them?
There are lots of lists from banks, real estate agents and brokers and people who buy and sell homes. Lots of them are foreclosures. Get yourselves on the lists and Good luck!
0 votes Share Flag Fri May 25, 2012 Foreclosure in Salem
Angie3m, Other/Just Looking in Oregon
Angie3m answered:
what is the best way to finance a mobile home when you have poor credit and thru who?
Nancy,
If you are in the Salem Oregon area and are looking for a Manufactured home? I do have someone whom is willing to give up their home if someone just takes over their mortgage pa ... more
0 votes Share Flag Fri May 25, 2012 Foreclosure in 97301
David Nuss, Real Estate Pro in Salem, OR
Only the banks know for sure, and they aren't talking.The following table shows foreclosure sales in the Willamette Valley since 2004 and active foreclosure listings by month since 2009.Click on the table… Read more
Blogged Fri Apr 13, 2012 by David Nuss Home Buying Foreclosure
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David Nuss, Real Estate Pro in Salem, OR
Oregon Foreclosures According to RealtyTrac, a California-based firm that tracks foreclosures, Oregon tied the national average rate for foreclosures in November with a rate of 1 in 579. Nationally,… Read more
Blogged Thu Dec 22, 2011 by David Nuss Home Buying Home Selling Foreclosure
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Melina Tomson, Real Estate Pro in Salem, OR
Oregon has long been a state that uses Trust Deeds for real estate transactions.  With the ease and low cost of foreclosure for banks, it was the instrument of choice for many years here in Oregon...well… Read more
Blogged Fri Sep 23, 2011 by Melina Tomson Foreclosure
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Ronda Grefen…, Real Estate Pro in Salem, OR
Ronda Grefenson answered:
We want to buy a home while the market is so good, but we have a recent backruptcy....are there any lenders that will do that.?
Yes,
Most cases the Bankruptcy has to be 2 years old.
However if it is over one year and less than two you would possiably have to get a letter from the Bankruptcy Court to allow you ... more
0 votes Share Flag Fri Jul 8, 2011 Foreclosure in 97301
David Nuss, Real Estate Pro in Salem, OR
Here's a program designed to help teachers, police, firefighters and other emergency workers buy a home for 1/2 price.  There are some stipulations, like living in the home a minimum of three years… Read more
Blogged Sun May 1, 2011 by David Nuss Home Buying Financing Foreclosure
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Cassandra Bl…, Real Estate Pro in Atlanta, GA
Cassandra Black, Consultant answered:
Who do I talk to to offer my services to cleanup foreclosed homes?
Hi Shannon, I hope your foreclosure clean-up business is going well... have you reached out to realtors and REO managers? Have you tried COLD CALLING ...? It's an old fashioned ta ... more
0 votes Share Flag Sat Apr 16, 2011 Foreclosure in Salem
Melina Tomson, Real Estate Pro in Salem, OR
It seems like with our recent elections the angst of Oregonians is really apparent due to the closeness of the governor's race.    Unemployment is high, those who are employed may be underemployed… Read more
Blogged Thu Nov 11, 2010 by Melina Tomson Foreclosure
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Priscilla Be…, Real Estate Pro in 97302
Salem OR – Should you walk away or should you stay? Here is how to determine whether or not you should walk away from your home. Because of the decline in the nationwide housing market, I doubt… Read more
Blogged Sat Nov 6, 2010 by Priscilla Beggs Foreclosure
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Priscilla Be…, Real Estate Pro in 97302
Salem OR –  Some homeowners have watched the value of their home slide by 30-50%. They paid 700k for a house that is now worth 400k. They want a principal reduction, but the lender won’t… Read more
Blogged Wed Oct 20, 2010 by Priscilla Beggs Financing Foreclosure
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David Nuss, Real Estate Pro in Salem, OR
Earlier this week I shared REO (Real Estate Owned) sales in the Willamette Valley through that Multiple Listing Service,  for 2009, which was about 10% of all home sales - Previous BlogSome people… Read more
Blogged Sat Feb 27, 2010 by David Nuss Foreclosure
Bobby Taylor, Real Estate Pro in Portland, OR
Here's something you don't see every day: An Olympic venue going into foreclosure SMACK DAB in the middle of the Olympics!! Imagine the snowboarding judges stopping Shawn White ("The Flying Tomato" and… Read more
Blogged Thu Feb 18, 2010 by Bobby Taylor Foreclosure
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Bobby Taylor, Real Estate Pro in Portland, OR
Came across three articles today about the foreclosure crisis sweeping the United States currently. Thought I'd condense them into one blog. Feel free to click the links: 1) The Foreclosure Relief Program… Read more
Blogged Tue Jan 26, 2010 by Bobby Taylor Foreclosure
David Nuss, Real Estate Pro in Salem, OR
It has been a bumpy road the last two years as mortgage companies, banks, Fannie Mae, Freddie Mac and the federal government developed methods to address market conditions where some homeowners either… Read more
Blogged Sun Nov 15, 2009 by David Nuss Foreclosure
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Melina Tomson, Real Estate Pro in Salem, OR
"I've been trying to talk to the bank about a loan modification for 8 months.  I give up," said the caller on the other end of the line. With unemployment still high many Salem Oregon area homeowners… Read more
Blogged Wed Sep 30, 2009 by Melina Tomson Foreclosure
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David Nuss, Real Estate Pro in Salem, OR
A foreclosure property is a home that has been repossessed by the lender because the owners failed to pay the mortgage. Thousands of homes end up in foreclosure every year. Economic conditions affect the… Read more
Blogged Thu Aug 20, 2009 by David Nuss Foreclosure
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