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.
I recently read an article in the Portland Business Journal about the spike in foreclosures in Oregon. As I read it, I was dumbfounded by the statistics they quoted. Most of you know that I track and have written about our Salem Oregon area foreclosures on several occasions. In the article it stated: Salem ranked…
I wrote a post about our rise in foreclosure notices here in Salem Oregon. I know many of the recent folks getting notice of defaults now were folks with good credit that have been laid off due to the recession. Finding a job in the Salem Oregon area is very difficult right now and many…
I ran the real estate market reports for our local Salem metro area, Marion county cities, and will run Polk counties as well. With the recent news that Oregon held at 12.2% unemployment, I wanted to go ahead and write a new foreclosure post. You don’t have to be a statistician to see the trending. …
I’m sensing some frustration on the part of Salem Oregon buyers as they try and seek out all of those short sales and foreclosures that are supposed to be all over the market. The reason that local buyers are struggling to find these well-publicized bargains is because there aren’t a lot of them out there. …
“Buyer gets 50% off short sale listing!”…”Homes in Detroit selling for $1.” I know some buyers are thinking this will happen here in Salem Oregon as well. Smack! That’s the sound of those buyers hitting their heads up against the wall because those stellar deals they read about on Google, aren’t coming to fruition here. …
Non-recourse. If you are spending any time talking about real estate and loans, then you have probably heard the word recourse and non-recourse. Here in Salem area, most home loans are non-recourse loans. What this means is that if the bank forecloses on your home, the home itself is the sole means they have for…
Foreclosures, short sales and bargains on the brain. I get this. Buyers want deals and with the national news out there with some areas hit by tons of foreclosures, it is easy to see why buyers think every home is in foreclosure. So here’s the deal…well at least the deal for the 30 minutes it…
Salem Oregon home owners in trouble…Credit markets failing…unemployment increasing…home prices plunging…Salem Oregon real estate drops…foreclosures on the rise…stock market in turmoil screamed the headlines last year and well…so far this year as well. In an attempt to help homeowners, as only they can, the federal government created the HOPE program five months ago which was…
I was recently on a forum talking with other people about real estate. One poster wanted to know about selling her home as a short sale and then purchasing a new home where she was relocating. It brought home to me that with all this discussion about short sales, people are still confused about who…
With the recent jump in short sales here in the Salem Oregon metro real estate market, it seems like a good time to talk about what they are and aren’t. There are several homes listed on the WVMLS now as short sale attempts, but what is the process for a successful short sale? Sellers need…
