I now have enough information from independent sources to reconstruct pretty much both hearings last Thursday on the Arken and Robinson cases. Because of the surprise change in length of the hearings, many were surprised and somewhat unprepared for the quadrupling of the hearing time for each case. That is why it has be
Oregon Foreclosure Rights & Cash For Keys The financial crisis has coined new language. One thing we’re hearing a lot about is “Cash for Keys”. The other day I had two calls about the program, one from a tenant and one from a homeowner here in Portland. Whether you’re a homeowner or a tenant,
Yesterday, the Oregon Court of Appeals took oral arguments in both the Arken and Robinson cases. As originally billed, the arguments were to be 15 minutes for each case, to be heard sequentlally. I decided that going down to Salem for a 15 minute oral in each case was hardly worth the gas and parking and so committed to
As you know by now, I’ve been a real estate agent here in the Portland metro area for 35 years. There are certain things that have not changed over those years when it comes to real estate: people buy people sell real estate prices go up real estate prices go down there are too many [...]
In past blog posts, I’ve written that during the recessions in the 1980s, when values decreased, houses wouldn’t appraise for what buyers had paid for them and financing had all but gone south, we saw more cash sales than any other kind of transaction. The other day I read a blog by a real estate [...]
Guest Author: Bob Chiodo, CFP Equity Home Mortgage, LLC Ofc 503.670.7393 Cell 503.704.2807 www.ResCommLending.com Apply Here Estimated Rates for the week of August 30, 2010*: 30 yr fixed: 4.00 – 4.250 FHA/VA: 4.00 – 4.375 15 yr fixed: 3.625 – 4.000 OR VA: 4.00 w/1.5 pts; 4.125 w/1.0 pt. Jumbo (30 yr fixed): 4.875
The new blog site is currently under construction and will combine this blog plus two of my photo blogs. It will be up and running by mid-week. My fourth blog, a photo blog, Betty Jung’s Portland, Oregon Daily City Photo is just for fun and it won’t be linked to the new site. It’s at [...]
The other day I wrote a post about our real estate market becoming more affordable. The median price range for a home in Portland is $240,000. So what can you buy in the three areas my blog covers RMLS™ #147 (Lake Oswego), #147 (West Linn), #148 (West Portland), and #151 (Tigard) for $240,000? Here’s what [...]
News Alert! A blogger wrote that: An unnamed source at Bank of America has verified the buzz throughout the short sale community. He says it is true. Bank of America is rolling out a new program designed to approve short sales in two weeks. Some agents have tentatively named it Bank of America HPO short [...]
RMLS™ Abbreviations The other day I was setting up some clients to receive emails for properties matching their search criteria as soon as they come on the market. In doing so, there were some abbreviations in the search I had no idea what they were. There have been many occasions when showing property that I’ve
Guest Author: Bob Chiodo, CFP Equity Home Mortgage, LLC Ofc 503.670.7393 Fax 503.670.7062 Cell 503.704.2807 www.ResCommLending.com Apply Here Estimated Rates for the week of August 23, 2010*: 30 yr fixed: 4.00 – 4.375 FHA/VA: 4.25 – 4.500 15 yr fixed: 3.750 – 4.000 OR VA: 4.50 w/1.5 pts; 4.625 w/1.0 pt. Jumbo (30 yr f
If you’ve been looking at my Lake Oswego Living.A Photo Blog, you know that I’ve been on a mission to take pictures of all the art in the Gallery Without Walls Walking Tour 2010. Now 15 of those art pieces listed in that publication have been sold, moved or returned to the artists as they [...]
Sales of new and existing homes are low because of severe job losses, a high volume of distressed properties for sale, tighter loan standards and low public confidence. The good news, however, is that decreasing home prices are increasing affordability throughout our country and here in Portland. The three components of aff