A look at the real estate market sector for distressed properties. Looking for Salem Oregon area foreclosures and short sales? Learn to see if current market conditions support those sales.
With the kind of ugly nature of the Silverton Oregon real estate market for 2008 and 2009, its not surprising that foreclosures are up a lot here. Silverton Oregon Foreclosure Rates This chart shows notice of defaults that were served in Silverton Oregon in 2009, according to Fidelity National Title Co. In Silverton Oregon, there…
I was kinda hoping that some of the smaller towns surrounding Salem Oregon would come out a bit more…well…unscathed, but that is not going to be the case. Unfortunately foreclosure notices are equal opportunity. Keizer Oregon Foreclosure Rates This chart shows notice of defaults that were served in Keizer Oregon in 2009, according to Fidelity…
I would love to stop talking about foreclosures, personally. It would mean that Salemites are no longer under financial duress, but unfortunately with our current employment problems this will probably be an issue for a while. Salem Oregon Foreclosure Rates I don’t think you need to be a Salem Oregon real estate agent to know…
It was well known in the real estate world that banks didn’t like to take deed-in-lieu of foreclosure from sellers in trouble. Any seller that has tried to negotiate one of these in the past two years has gone up against a brick wall. It is well known in the real estate world that there…
As the third quarter has come to an end, we can get a better look at a lot of our local real estate data. I’ll write some posts about our small cities in the next two weeks, but wanted to focus this post on Salem Oregon again, specifically looking at the foreclosure data. The rise…
With unemployment still high many Salem Oregon area homeowners are in a dire predicament these days. The letter that comes in the mail stating their home is headed for foreclosure is not happy news. In the 2009 Oregon Legislature, a bill was passed…Senate Bill 628 for the curious. This bill requires lenders to meet with…
It was recently reported that the unemployment rate drop we had in July bumped back up in August to 12.2%. I think most people realize that our economy has many woes and it won’t be an easy or fast recovery. It has been talked about ad nauseum in pretty much any real estate forum that…
For those of you looking at short sales and foreclosed properties in Salem Oregon here is a little short and sweet update for you on where things are at in this market sector. 10% of homes listed this year in Salem Oregon have been a short sale or foreclosed property. 24% of homes listed as…
I have been in many foreclosed homes here in Salem Oregon lately. Some are in great condition and some…well aren’t. Forget taking the cabinets, stripping the carpet out of the house, and grabbing the kitchen sink…this incident adds a whole new level of crazy to the foreclosure market. The Atlanta Journal Constitution reported that in…
The IRS Tax Credit The $8,000 home buyer tax credit has been a source of confusion for Salem Oregon home buyers for a good chunk of the year. There have been many false articles written about who can and can’t use the tax credit. Tax Credit Fraud The IRS just prosecuted it’s first case of…
