short sales: Medford and Ashland Real Estate Information for Oct 2011
- 11/09/11 07:50 AM
Below is a report generated by my local MLS - SOMLS. Statistics compiled by Southern Oregon Multiple Listing Service also showed slight gains for existing homes in Ashland and the Gold Hill/Rogue River region. About half of Jackson County's residential housing markets reported median sale price increases for existing homes during the three months ending Oct. 31. While median price points surged in Phoenix, Talent, west Medford and White City, the county's overall median sales price for the period slipped 5.5 percent to $156,000 and stands 42.2 percent below the fall 2006 median of $270,000. Normal, non-distressed home sales accounted … (2 comments)
short sales: Ashland, Medford area foreclosure information
- 07/13/11 10:40 AM
A few facts about residential real estate in the Ashland, Medford area for the April 1, 2011 to June 30, 2011 time period. (this excludes rural homes) In Ashland over 85% of the closed transactions were not distressed sales (foreclosures and short sales). In West Medford only 20% of the closed home sales were non-distressed. In Central Point is its about 40% non-distressed.
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short sales: Ashland Oregon Short Sale Home for Sale
- 07/13/11 06:32 AM
Incredible 2544 sf luxury home bordering the park at Riverwalk. Chef's dream kitchen by Designwise. Floor to ceiling custom cabinets with self-closing hinges, pull-outs, 2nd prep sink with hot water dispenser, appliance garages, GE Profile oven, 5-burner gas cooktop, warming oven, double door stainless refrigerator, granite counters. 10 foot ceilings with crown mouldings, hardwood floors, central vac. Main level master bedroom has coffered ceiling, bath with jetted tub. Numerous closet builtins by ORG. Wonderful private backyard with views of park. $55 HOA fee includes front yard landscape maintenance. Now $479,900!!
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short sales: Ashland home for Sale
- 06/24/11 07:29 AM
433 Briscoe, Ashland Oregon $489,000 Very nice 3 bedroom, 2 1/2 bath Ashland home that backs up to open space and near Bear Creek. Master is on the main level. Home has nice upgrades and layout. More than $100k less than a house nearby. This is a short sale. Riverwalk Subdivison, close to parks and downtown. … (0 comments)
short sales: Short sales in the Ashland, Medford area - new laws
- 06/15/11 05:42 PM
It is important to pay your PAC investment since lobbying for personal property rights helps sales and it helps all homeowners. See below regarding short sales in Ashland, Medford area. For more information regarding short sales, please call me. Public Policy News Oregon REALTORS® Protect Sellers in Distress The Senate unanimously passed HB 2916-Enrolled, which will preclude further collection on deficiencies in a short sale when a 1099-C issued in connection with the sale. As one of the top legislative priorities of the Oregon REALTORS®, this legislation will protect sellers by eliminating the current uncertainty that is inherent in … (0 comments)
short sales: Realtor Writes Letter to State Representative in Hopes of Help with Short Sale
- 04/21/11 12:41 PM
A good Realtor friend of mine got frustrated with a short sale....How unusual???? He wrote this letter to our state representative to see if it might make a difference.... I certainly hope he get help!!! Hi Sir,Hope this finds you and your wife well!I could sure use some direction on an issue I am having with "short sales". One in particular, many in general.Here is the condensed version of my issue: I am representing the buyer.1) February 27, 2011 my clients and I find a short sale in the (Ashland, Medford area). Call the listing agent, it is available at $219,900. The agent … (16 comments)
short sales: Short Payoff is an alternative to a Short Sale in Ashland, Medford area
- 04/14/11 08:19 AM
Do you know anyone who would like to qualify for a "short payoff"? Basically , a short payoff is like if the owners of a home owe $300k, but now the house is worth $200k, instead of doing a short sale, the mortgage would be reduced to current value and the owners could stay in their home. If you have anyone who you think might qualify for this in the Medford, Ashland, Jackson County area of Oregon, please contact me. Below are the basics of the program description, which is what was approved by Treasury. The simple guidelines for program eligilibility are: Current maximum income of … (0 comments)
short sales: The Dirty Secret in a Short Sale No One Wants to Talk About
- 11/11/09 11:30 AM
Agents, Banks, Lenders all talk about the risks for a Seller if they choose to sale their house short. Yes, there can be tax problems and lien release problems...plus the short sale may never even occur. Yes, a foreclosure is most of the time the better choice for most sellers, most of the time. Yes, most of us, know all of these reasons, and if you don't please refer to the many good sources of information out there on the risks. What I want to warn Sellers about is the future lawsuit risks. Don't assume because you as a seller did not … (2 comments)
short sales: HOPE event in Medford - Loan Modification Help and Foreclosure Prevention
- 10/13/09 10:15 AM
Southern Oregon residents concerned about losing their home to foreclosure can receive help Saturday, Oct. 17, at an event in Medford organized by several government agencies, nonprofits, and real estate organizations. The Home Ownership Preservation Event (HOPE) will be held from 9 a.m. to 4 p.m. at the SOU/RCC Higher Education Center at 101 South Bartlett in Medford. At the free event, homeowners can learn about the options available to help them save their homes, including the federal Making Home Affordable Plan and Oregon's Senate Bill 628, which gives homeowners the right to meet with their lender to discuss a loan modification. … (1 comments)
short sales: My recent not-so-short sale experience
- 06/01/08 11:10 AM
Good news was I was working with a long time loyal client. End of the good news. The bad news. We entered into a contract to buy a house contingent upon a short sale approval from the bank. The loan totaled about $280,000. The property was in disrepair and had a collection of old cars and junk. My client and I estimated about $25k to fix it up. The market value of the property fixed up was about $250k. Our offer was $190K. Later a back offer came in at $215k. For 3 months we waited. Luckily, my buyer had cash … (2 comments)
short sales: Do short sales actually close...stats...
- 05/27/08 12:17 PM
I recently co-presented a class on short sales at a WCR sponsored event. My stats on short sales are: one, didn't close in 1994 in CA, Three, closed in 2001 to 2003 in oregon Two, closed in 2007, one went to foreclosure One in 2007, I got the private lender to pay the seller moving costs for the deed and the property in good condition. In 2008 so far, one I lost to foreclosure, and I doubt I will wait around to fail again. But, for the information I presented to the class ,I polled the 4 local title companies and … (13 comments)
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