oregon: 16 Mistakes Sellers Make When Listing Their Home
- 03/10/11 07:01 AM
1 Pricing Your Home Too High Your agent can research comparable sales in your area and advise you of the appropriate price range for your property. 2 Taking an Inflexible Position on Financing Have your agent explain what financing optionsare available. Flexibility on financing terms may secure a better selling price. 3 Errors in Market Timing Ask a real estate professional to determine whether the market cycle is poised to net you the most money. 4 Lack of Access for Property Showings Lock boxes are a great way to make your home most accessible to agents forshowing. Appointment only showings … (4 comments)
Average & Median = Area$435,400 & $385,000 = Lake Oswego, West Linn$410,200 & $340,000 = West Portland$364,300 & $336,700 = Northwest Washington County$304,400 & $275,000 = Tigard, Tualatin, Sherwood, Wilsonville$283,500 & $247,000 = Northeast Portland$259,900 & $239,800 = Milwaukie, Clackamas, Happy Valley$252,900 & $229,000 = Oregon City, Canby$237,500 & $205,400 = Southeast Portland$235,600 & $214,200 = Beaverton, Aloha$230,300 & $224,900 = North Portland$226,200 & $208,000 = Hillsboro, Forest Grove$213,000 & $200,000 = Gresham, Troutdale
Why here: It's green and it's gorgeous. Rents are a bit … (2 comments)
oregon: ALL HOMES ON MARKET - Jacksonville
- 01/11/11 08:41 AM
REO/Short sales and inventories are not foreclosure rates. "Normal" indicates properties that do not require third party approval for the transaction. "REO" means Real Estate Owned, indicating bank or mortgage company ownership. "Short" stands for Short Sale, where third party approval is required for the transaction. Percentages of sales and inventories add up across the rows, but may not total exactly 100% due to rounding.
The above material is my opinion and it is always recommended to seek qualified professional legal and financial advice when looking at your real estate sales and purchasing options. … (0 comments)
oregon: ALL HOMES ON MARKET (including rural) - PHOENIX OREGON
- 01/11/11 06:16 AM
Here are some info on foreclosures and short sales. Cedit History Foreclosure will remain as a public record on a person’s credit history for 7 years or more. A Short Sale is not reported on a persons credit history. There is no specific reporting item for ‘short sale’. In most cases a loan is typically reported ‘paid in full, settled’ or ‘paid as negotiated’.
Security Clearances Foreclosure is the most challenging issue against a security clearance outside of a conviction of a seriousmisdemeanor or felony. If a client has a foreclosure and is a police officer, in the military, in … (0 comments)
oregon: Residential Statistics October - December 2010: Talent City
- 01/10/11 12:22 AM
FORECLOSURE VS SHORT SALE FUTURE LOANS - PRIMARY RESIDENCES FORECLOSURE: A homeowner who loses a home to Foreclosure is ineligible for a Fannie Mae backed mortgage for a period of 7 years. On any future 1003 application, a prospective borrower will have to answer YES to question C in Section VIII of the standard 1003 that asks "Have you had property foreclosed upon in the last 7 years?" this will affect future rates. SHORT SALE: 2 Years. Fannie Mae may adjust based on down payment amount.
… (0 comments)
oregon: EXISTING HOME SALES: ASHLAND
- 01/10/11 12:08 AM
EXISTING HOME SALES: REO/SHORT SALE COMPARISONS - October 1, 2010 through December 31, 2010
Foreclosure Vs Short Sale LOAN FHA Loan – Current FORECLOSURE A homeowner who loses a home to Foreclosure isineligible for a Fannie Mae backed mortgage for aperiod of 5 years.
SUCCESSFUL SHORT SALE No Wait - borrower must be current on all obligations, including installment debt
Issue: Credit Score
Foreclosure
Score may be lowered anywhere from 250 to over 300 points. Typically will affect score for over 3 years.
Short Sale Only late payments on mortgage will show, … (1 comments)
If its a YES to the following questions, you are certainly qualified for a short sale. a. Has Your Home's Market Value Dropped? b. Is Your Mortgage Currently In Default or Are You Certain It Soon Will Be? c. Have You Fallen on Hard Times?
Step 2- Finding the Right Real Estate Pro
Remember, you’ll only get one shot at a successful short sale. So, how do you find this pro? Its easy. Call this pro (Clears throat): (541) 772-7653
Step 3- Determining Your Home’s Value
It is … (0 comments)
oregon: 9 Critical Steps You Must Take GUARANTEE Your Success in Today's Real Estate Market
- 01/06/11 04:02 AM
Nothing is constant but change. In a shifting market, somtimes you may be the market leader and when you're on top you have to apply focus and determination to the right areas and you're on your way for a long time. Here are the 9 steps to make your way on top and stay on top:
1. Become Homeowner Centric
Putting the homewoners first must be your top priority. You need to be ready with information needed and be there always to help.You must value the homeowner more than the commission. A meeting may not always bring you the … (2 comments)
Did you wake up on the wrong side of the bed? Next time your mood takes a turn, have a drink - of water. Mild dehydration appars to affect mood and cognitive ability as well as physical performance. According to a recent study, young atheletes who weren't given fluids during practice felt more confused, angry, tense and blue afterwards than those who had plenty or enough water.
"The level of dehydration was very mild - it could easily be compared with what busy office workers might experience if they forgot to drink enough during the day." - … (0 comments)
oregon: Starting 2011 right
- 01/02/11 11:11 PM
The New Year is full of promise, though you may also get a fair share of tough and bad times. With each progressing year, you find yourself growing more confident, experienced, and wiser. That's the gift of the New Year. Let's all be grateful with the blessings we received last 2010.
“Another fresh new year is here . . . Another year to live! To banish worry, doubt, and fear, To love and laugh and give! This bright new year is given me To live each day with zest . . . T o daily grow and try to … (0 comments)
oregon: Who qualifies for a short sale?
- 12/28/10 03:39 AM
Majority of the lenders will consider allowing a Short Sale if there has been a change in circumstance after the loan was initially obtained which caused the borrower difficulty to keep up with the mortgage payments.
Here are some of the possible reasons:
1. Loss of income
2. Divorce
3. Job Transfer
4. Medical Bills
5. Mortgage Rate Reset
A Hardship Letter explaining what happened to cause the inability to keep up with payments will be required by the lender. An unsatisfactory reason would be "the market has declined". … (0 comments)
Fun Facts: 1. The Rogue got its name from the Indians: "The River of the Rogues" 2. Nowadays movies are produced by the score using the dramatic backdrop of the Rogue River, and many big Hollywood names such as Kirstie Alley makes the Rogue Valley their home away from home. 3. Fishing and Rafting remains a favorite hobby among locals and tourists.
Real Estate: Gold Hill and Rogue River
Recreation: 1. Palmerton Arboretum 2. The city's other parks - Coyote Evans, Fleming, and Anna Classick - have facilities for horseshoes, tennis, and boat ramps. 3. Valley of … (0 comments)
Here's a list of PROs that might convince you to get into Short sale:
* No Foreclosure – Foreclosures can be a very hard and stressful process for a family. It can take anywhere from six to twelve months for a foreclosure to complete. * Being proactive – Facing foreclosure head on will help give you some control over the process. By choosing a short sale, finding a buyer and negotiating terms with the bank, the huge effect on your credit score by a foreclosure can be dodged. * Start Newer, Faster – Minimizing damage to … (0 comments)
oregon: Oregon Facts and Trivia
- 12/07/10 04:21 AM
# Oregon's state flag pictures a beaver on its reverse side. It is the only state flag to carry two separate designs.
# Oregon has more ghost towns than any other state.
#The Columbia River gorge is considered by many to be the best place in the world for windsurfing.
# Crater Lake is the deepest lake in the United States and is formed in the remains of an ancient volcano.
# Oregon and New Jersey are the only states without self-serve gas stations.
# Eugene was the first city to have one-way streets.
… (2 comments)
oregon: Stop Foreclosure in Eagle Point
- 12/07/10 04:00 AM
Eagle Point is a community of 8,700+ residents located in the Upper Rogue River Valley in Southern Oregon, approximately 10 miles east of Interstate 5 and northeast of Medford along State Highway 62. Eagle Point is only 40 miles from the California/Oregon Border and 50 miles west of Crater Lake National Park. The community is the “Gateway” to several mountain lakes in the region including Crater Lake. The community was incorporated in 1911 (Hussel, 2006).If you're looking for a new place, Eagle Point is a beautiful city to live in. Thinking of selling your house? Below is a figure showing … (0 comments)
oregon: Short Sale: Your Escape From Foreclosure
- 12/06/10 05:02 AM
If you can no longer cope up with your mortgage payments and your home is now worth less, foreclosure may not be your only option.
A short sale, is the sale of a house for less than what the owner still owes on the mortgage. If the lender agrees to a short sale, the rest of the homeowner's debt typically is forgiven. Lenders sometimes agree to the procedure in order to take a small loss and avoid the lengthy and costly foreclosure process.
The figure below shows the existing home sales in Phoenix.
For owners who can no longer afford to keep mortgage payments current, there are alternatives to bankruptcy or foreclosure proceedings. One of those options is called a "short sale." The figure below shows the existing home sales in Ashland from September 1, 2010-November 30,2010.
On a lighter note, don't forget to check out the on-going Festival of Light up to December 31st. For those who may ask the Festival of Light is a community event by the Ashland Chamber, to kick off the holiday season.Bring your loved ones and enjoy the entertainment on the Plaza followed … (0 comments)
oregon: About Ashland Oregon
- 06/14/07 02:53 PM
About Ashland Oregon Jared Hokanson - Realtor Medford Oregon http://www.jaredhokanson.com/ Ashland is a pretty, small town...surrounded by gorgeous mountains, lazy creeks, and roaring rivers. This is a place where incredibly talented chefs prepare locally grown cuisine to pair with award winning local wines. A place where high tech meets high touch. Home to the Oregon Shakespeare Festival and a variety of other visual and vocal artistry. Ashland offers you the space to remind yourself who you truly are. We invite you to come see it, drink it in, soak it up, and indulge your senses.Web LinksAshland School DistrictCity of AshlandSouthern Oregon UniversityThe Daily TidingsTravel OregonTripCheck.com From the … (0 comments)
oregon: Medford Oregon Cruise-In
- 06/14/07 01:47 PM
Medford Oregon Cruise In Jared Hokanson - Realtor Medford Oregon http://www.jaredhokanson.com Back again this year is the ever popular classic car show, The Medford Cruise. The Medford Cruise is a 3 - day event starting on Friday, June 15, 2007. It includes a poker run, show, and shine and many more fun and exciting event. The main show and shine is at Hawthorne Park. The cruise is 6 - 9 p.m. www.medfordcruise.com Jared Hokanson - Realtor Medford Oregon www.jaredhokanson.com
Jared's opinion on real estate in Oregon. Jackson County. Rogue Valley. Medford, Ashland, Talent, Phoenix, Eagle Point, White City, Central Point, Gold Hill, and Rogue River.
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