Foreclosure in Portland : Advice

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Alexander Ph…, Real Estate Pro in Portland, OR
Alexander Phan answered:
House is foreclosing March 1st!!! Have no idea what the next steps are!.
Does your house still have enough equity in it for you to sell? Do you have the cash to make the payment? If not the quickest way to stop/delay the foreclosure is short sale.

Get you ... more
0 votes Share Flag Tue Mar 11, 2014 Foreclosure in 97229
Donn Rasch, Real Estate Pro in Portland, OR
Donn Rasch answered:
i owe 4,000 in property tax and 11,000 in HOA who should I pay first, the HOA has lein on one condo and property tax is behind two years. any help?
Not enough info here to make a sound financial decision. Why are you behind on these payments? Are you behind on your mortgage? Is one of the condos a rental? Are you in forclosure on ... more
0 votes Share Flag Wed Jan 5, 2011 Foreclosure in Portland
Monir Mamoun, Real Estate Pro in Morristown, NJ
Monir Mamoun answered:
I have a quit claim deed my step father is attempting to do a deed in leu of mortguage, can he do this with out my concent?
Debra please clarify. Did you sign this quit claim deed giving up control of the deed? Who took out the mortgage loan, and whose name was on the deed signed over to the bank?

If you ... more
0 votes Share Flag Sun Nov 17, 2013 Foreclosure in 97229
Desari Jabbar, Real Estate Pro in Atlanta, GA
Desari Jabbar answered:
How do I find new construction "foreclosures," i.e., homes that are new that are now banked owned because the builder couldn't sell
Speak to an agent in the Portland area. She will best be able to assist you with finding new construction foreclosures. An agent will have access the MLS system in your area and can s ... more
0 votes Share Flag Wed Jan 5, 2011 Foreclosure in Portland
John Walin, Real Estate Pro in Libertyville, IL
John Walin answered:
I have a first, a 2nd & a hard money 3rd. The 3rd is foreclosing. What happens to the 1st & 2nd. Do I have anyoptions?
short sale possibly, talk to a local agent and see if it makes sense. Good luck!
0 votes Share Flag Sat Oct 16, 2010 Foreclosure in Portland
Garett Chadn…, Real Estate Pro in Gresham, OR
Garett Chadney answered:
Can my grandmother buy my house at a short sale and give it back to me?
If it's your house that is the subject of the short sale the answer is no. It must be an "arms length transaction" meaning that you cannot have a relationship with the b ... more
0 votes Share Flag Mon Oct 4, 2010 Foreclosure in Portland
Z28camaro, Home Buyer in 97224
Z28camaro answered:
11695 sw nicoli place 97224 is it true that it is in foreclosure and the min. bid is $174K thanks?
11695 sw nicoli place 97224 is it true that it is in foreclosure and the min. bid is $174K thanks?
0 votes Share Flag Fri Aug 20, 2010 Foreclosure in 97224
Garett Chadn…, Real Estate Pro in Gresham, OR
Garett Chadney answered:
what % of listings are short sales?
Currently, there are 13,100 active listings in the metro area. Of those, 1,939 are considered a Short Sale. That makes 14.8% of all active listings are short sales.

I have a Short ... more
0 votes Share Flag Thu Jun 24, 2010 Foreclosure in Portland
Melissa Loug…, Real Estate Pro in 23220
Melissa Loughridge Savenko answered:
I am trying to purchase an REO from Citibank through my real estate broker. I put in my first offer and it took over two weeks for Citibank to
Dear Trying to Purchase:

I feel your pain. Dealing with large banks to purchase REO property can b VERY frustrating. Here is the reality - large institutions have specific proced ... more
0 votes Share Flag Fri Jun 4, 2010 Foreclosure in Portland
Monamarie Mc…, Real Estate Pro in Clackamas County, OR
Monamarie Mccreary, SFR answered:
looking for mother in law quarters, big house iam veterand 100% disable Prequalify for VA loan or any others
Hi Angel,
Do you have any interest in living in Salem? I've got a listing there that's a 1382sf home on it's own tax lot with a mother-in-law cottage adjacent to it. H ... more
0 votes Share Flag Wed Apr 28, 2010 Foreclosure in Foster-Powell
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
what is cash for keys?
The bank will pay you a specific amount of cash (from $500 to $2000) for you to move say within 30 days. you must leave it clean and free of trash and belongings. You volunteer to movge ... more
0 votes Share Flag Thu Mar 7, 2013 Foreclosure in 97229
The Monson C…, Real Estate Pro in Portland, OR
The Monson Corcoran Group answered:
want to find a broker/agent with strong experiences in pre-foreclosure/REO single-family home in zip code 97229 or north of 26 in portland oregon area
Hello Aaron,

Our team has extensive experience representing buyers purchasing bank owned and short sale real estate throughout the Portland metro area, including the area you'r ... more
0 votes Share Flag Tue Jan 26, 2010 Foreclosure in Portland
Charita King…, Real Estate Pro in Downey, CA
Charita King - Short Sale Specialist answered:
How can I get my lender (Wells Fargo) to do the Cash For Keys program with me?
it may not be possible to negotiate the cash for keys especially that you already moved out. Cash for keys normally offered to you when you refuse to move out.
0 votes Share Flag Sat Mar 3, 2012 Foreclosure in 97229
Craig Loughr…, Real Estate Pro in Oregon
Craig Loughridge answered:
How can I find out if a house just listed for foreclosure still has a realtor listing?
Just ask. What's the address?

0 votes Share Flag Mon Dec 21, 2009 Foreclosure in 97211
Steve Roesch, Real Estate Pro in 97229
Steve Roesch answered:
I am moving to Portland does anyone know of any FC Asset Management Compaines?
Hi Fhoots, sorry to sound ignorant, but what is FC?
0 votes Share Flag Wed Oct 7, 2009 Foreclosure in Portland
Voices Member,  in
Voices Member answered:
There seem to be several websites offering to teach the secrets of REO's; is there a secret, or is it just timing and a little luck? Also, many
Why don't you contact them directly . . . and ask??

Carla Muss-Jacobs, Broker/Owner
EBA Portland, LLC
Exclusive Buyers' Agent
Assisting Buyers in Metro Portland sinc ... more
0 votes Share Flag Mon Sep 28, 2009 Foreclosure in Portland
HLR, Real Estate Pro in Oregon
HLR answered:
My Hubby and I have a first and second morgage. Do we walk away from the house.?
To start with, once the lender files and you receive the attention to foreclose, you have the 4 monthis until the auction to find some where to live. Short sale with an agent can get y ... more
0 votes Share Flag Wed Jun 23, 2010 Foreclosure in Portland
Andrew, Real Estate Pro in San Jose, CA
Andrew answered:
If i default only on 2nd mortgage, what are their legal perameters towards me and my being physically evicted?
Even if they can evict you they may not if your home has lost value. If the company that holds your second mortgage were to evict you, they would have to satisfy the lien from the firs ... more
0 votes Share Flag Thu Dec 18, 2008 Foreclosure in Portland
Gloria Matth…, Real Estate Pro in 98685
Gloria Matthews answered:
Does anyone have advice for starting a REO team. I'm teaming up w/ 2 other agents... We are trying to create
Hi Aaron,

Yes, you'd think that a small group of realtors could become partners and allies, as opposed to the agent/assistant models people seem to presently follow. Let me know if ... more
0 votes Share Flag Wed Dec 10, 2008 Foreclosure in Portland
Janeese Jack…, Real Estate Pro in Portland, OR
Janeese Jackson answered:
Does the foreclosure process release a leasing tenant from the lease agreement in Oregon?! 2nd question today regarding landlord/tenant rights in a foreclosure situation. I would go to a tenant's right web page at ... more
0 votes Share Flag Sat May 30, 2009 Foreclosure in Portland
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