Hank Paterson

"Dedicated to Helping You Fulfill Your Dreams"

I'm a:	Real Estate Professional
Company:	John L Scott
Location:	Hillsboro
Web sites:	My Website
Phone:	(503) 844-9800

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Hank Paterson's Questions (0)

Hank Paterson's Answers (4)

what is the cost of extended day care in Beaverton elementary schools?

Asked Tue Aug 12 2008, 10:22 by Vicki Joslyn - Raleigh West - Schools - 2 answers

Hank Paterson answered:

My son and daughter attend Beaverton schools. I know we have looked into it in the past and I will get you some information ASAP. - Tue Aug 12 2008, 10:39

Where do I go to get the Oregon rules covering ' the forefeiture of earnest money ' when the buyer didnt buy?

Asked Fri Aug 8 2008, 12:45 by Bennett - 97123 - Home Selling - 4 answers

Hank Paterson answered:

Jean is correct that it should be stated very clearly on the EM agreement. Now there are many reasons why a buyer can get out of the deal without forfeiting there EM and not all of them will a seller agree with. There is also an area of the contract that calls out how to deal with the dispute should the seller and the buyer disagree. - Fri Aug 8 2008, 15:33

Question removed

Asked Tue Aug 5 2008, 17:31 by Jillian - Sexton Mountain - Home Buying - 11 answers

Hank Paterson answered:

Hi Kay,
Please see the link below of my search result for homes under 225K in Beaverton. As you will see there are quite a few. Since you seem to be very well qualified with plenty of down you should be able to search higher than 200K and negotiate back down. Maybe an agent from the Beaverton area might be of more help to you. If you have any questions please feel free to contact me anytime. - Tue Aug 5 2008, 20:53

Foreclosures are up 129%

Asked Fri Jul 11 2008, 16:54 by PDXOutsider - Oregon - Foreclosure - 7 answers

Hank Paterson answered:

The saying goes "A foreclosure is where a short sale goes because the banks can't handle the short sale transactions" It has proven tough to get a short sale through in some situations. Portland has far less short sales and NDF's per home than all but a few other markets. However the banks are still slow to react to short sale offers as there plates are full from other states higher activity rates.

I advise folks that they need lots of patience when dealing with a short sale as it can take months to get an answer and sometimes an answer never comes. I have known plenty of happy people who had the patience and worked with a good agent to get a good deal on a short sale. So we know it can get done. You just have to ask yourself is it right for you? - Thu Jul 31 2008, 09:45

I agree with Dirk. There are not really many properties out there. So if you have cash in hand and patience you can head to the courthouse. However be prepared to track a property to auction and then it does not go on because the date was changed or the property was brought current or sold before auction.

A short sale and or REO may be a better bet. A good agent can help you search these. Be prepared for a somewhat long a transaction. But if you are patient you may get a good deal. - Wed Jul 30 2008, 11:01

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