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Foreclosure in Portland : Real Estate Advice

  • All912
  • Local Info68
  • Home Buying370
  • Home Selling68
  • Market Conditions37

Activity 60
Fri Oct 28, 2016
Mshoneymd7 answered:
0 votes 6 answers Share Flag
Sun Apr 17, 2016
Jaded fool asked:
Lost a lot of money in a house flipping deal (partner stole the money after the sale). Would probably need attorney that also specializes in collections.

0 votes 0 Answers Share Flag
Thu Nov 5, 2015
Jacalynn Krediet asked:
Wed Sep 30, 2015
Andi Blackwell answered:
Hi Jakki,

Congratulations on starting your journey! Depending on your credit and income, there are cash grant down payment assistance programs, and ways to negotiate so that your closing costs are covered. Just a few weeks ago I had a client who closed on a home and had only the cost of inspections and the appraisal out of pocket. If you are interested in first-time homebuyer or investment programs, I recommend calling Vince Kingston at Eagle Home Mortgage. You can reach him at 971-221-8525 and he can walk you through what you can afford, and the loan process. Calling a loan officer is an important first step because it sets the boundaries for what homes you can look for.

There are a wide variety of opportunities out there, and once you know what you can afford you may be able to either expand your search, or be highly competitive. Let me know if there's anything else I can do to help...

Andi Blackwell
Licensed Oregon Broker
Oregon First
... more
0 votes 2 answers Share Flag
Tue Aug 18, 2015
Paolarileyi answered:
Reputable builders have not been able to absorb the declining values and have lost models and spec homes to foreclosure. Many buyers are recognizing the value of purchasing one of these new construction homes. They are sold "as is" but the components are new and may still have manufacturers warranty's. There is also value in the fact that no one has lived in them or not maintained them as with other existing home foreclosures.
... more
0 votes 5 answers Share Flag
Tue Aug 18, 2015
Hopelinda answered:
Should you file for bankruptcy before or after foreclosure? Sometimes you have no choice. But if you do, you will most likely benefit more if you file for bankruptcy before your house is foreclosed - ... more
2 votes 15 answers Share Flag
Wed May 13, 2015
AliviaAbel answered:
Newbie investor with a question about an REO in my area that I am hoping someone can assist with. To give some background, I have been searching my area for abandoned/REO properties that have not made their way onto the MLS yet, hoping to score a good deal. In my search, I actually found a home down the street from my primary residence that was foreclosed on last spring. All of the main real estate sites I check (, Zillow, etc.) list the most recent sales transaction as 1999, but performing a more robust search I was able to find a foreclosure deed from last year, with Citi Mortgage listed as the new owner.

Now, as I originally stated, I am a newbie and have no experience dealing directly with a bank, but is there a way to contact the bank to try to buy this house before it hits the MLS? The transfer price on the deed is WELL ABOVE market value, which is most likely why this property didn't sell at auction - is this an indicator that it is going to be tough negotiating a reasonable price?

Reference Link:
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1 vote 4 answers Share Flag
Wed Mar 18, 2015
Anthony Stroud answered:
I would suggest contacting a lawyer. Let me know if you need a couple recommendations for attorneys I have worked with in the area. If you are looking on your own for an attorney make sure they are a real estate attorney who works with foreclosures. ... more
0 votes 2 answers Share Flag
Sat Dec 20, 2014
Gary Geer answered:
Your best option is to contact a locksmith and have them open the door. At that point they can re-key the lock or you can install a new lock. All the best.
0 votes 12 answers Share Flag
Tue Mar 11, 2014
Dirk Knudsen answered:
Well having been through this myself recently in Bethany I would suggest you give me a call. Your not going to be able to solve this here online. A lawyer is not going to be able to do much. But with some luck you can pull this one together. Bless you folks. This is not fun! ... more
0 votes 27 answers Share Flag
Fri Jan 10, 2014
Dragos Tavirlau answered:
what property are you talking about? an address will help. text me if you can 503-984-3485 and if the property is listed why not. if it's just something Trulia shows as "foreclosed" but not listed yet I can search for more details. thnx. ... more
0 votes 1 answer Share Flag
Thu Jan 2, 2014
Tom Inglesby answered:
My web site shows all addresses
Go to enter address or mls number.
Tom inglesby broker remax
0 votes 3 answers Share Flag
Tue Dec 3, 2013
Gary and Karina Youngman answered:
Thu Sep 5, 2013
The Stephen FitzMaurice Team answered:
Not impossible to find a home to rent. Many people only have 1 or 2 homes that you are renting. So best to look on Craigslist or another site that has a lot of rentals and find someone who is willing to hear you out. Not everyone renting a home is a big business - find a local owner. ... more
0 votes 1 answer Share Flag
Sun Jul 7, 2013
Roy Bush answered:
I had a buyer that wanted to buy a home in Arizona, but he had a Chapter 7 bankruptcy 7 months ago. After researching the web I found a loan program at, they allow a mortgage after a foreclosure, short sale, or bankruptcy. There is only a six month waiting period. Good to see lending options coming back. ... more
0 votes 8 answers Share Flag
Tue Apr 16, 2013
Frank Joseph answered:
Yes most banks will offer " whoever" the occupant cash for keys or what they call relocation assistance
1 vote 7 answers Share Flag
Sun Mar 17, 2013
H Dwayne Davis answered:
I am guessing you loose you home you may not have funds for an attorney. Thus title office is your best option. If you need help finding that info, call your Realtor.
Or give me a call. ... more
0 votes 6 answers Share Flag
Wed Mar 6, 2013
Russ Ravary answered:
Wed Mar 6, 2013
Russ Ravary answered:
I would stay there until you get an eviction notice. But check with a real estate attorney to see what your options are
0 votes 9 answers Share Flag
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