My background is quite unique in that prior to becoming a Real Estate Broker I had the opportunity to Head/Manage a department of 75 Mortgage Collectors, Loss Mitigation, and Foreclosure Specialists for a large national mortgage servicer.
It is this experience that uniquely qualifies me to assist homeowners faced with foreclosure through a Short Sale.
Hopefully, you never have to face this problem, but if you do I can help!
Can a homeowner get $10,000 or $20,000 to complete a Short Sale?
Is it too good to be true?
The answer, Yes, and No!
In order to be eligible for the $20,000 from Chase the loan must be previously a WAMU option Arm, Interest Only, or negative amortization loan. Just the real bad loans. The offers cannot be requested. Chase had to identify you and send you a letter offering you access to the offer. Only the hardest foreclosure struck areas have received these offers. In fact the details behind the selection process is very hush, hush. The selection criteria is not published anywhere. In other words, don’t bet on it, or wait. Likely the offer is not coming at all!
Does this mean a homeowner is unable to receive some money to help with moving expenses? No, there are programs available to provide moving assistance. The HAFA program is a good example of a government sponsored program that will pay qualified homeowners up to $3,000 toward moving expenses. Additionally, I have been successful in negotiating moving assistance in certain other non HAFA situations and I’ll attempt to do the same for you.
If your facing foreclosure seek assistance sooner rather than later, and realize if you ask for help (which seems to be the hardest part for struggling homeowners) chances are you can avoid foreclosure and I would like to help.
Did you know over 85% of homes that are foreclosed on NEVER were listed for sale, and a short sale was never requested. Leave on your terms, gain some control over the situation, and have a dignified resolve to a stressful and uncomfortable situation. Visit my Short Sale Information site at: http://portland-shortsale.com, then ask for help by sending me a request to see if you qualify.
I invite you to visit or FAQ section for immediate answers to some of your pressing questions.
This little gem is located in Milwaukie OR and is listed at a cool $104,900. You’ve gotta love the VA Vendee financing which offers 5% down payment to investors, and a 75% credit on the estimated rent towards qualifing, WOW!
A Cap Rate of 7.28% and a Cash on Cash return of 16.36%. Bonds and CD’s have averaged a return of 4.6% and 3.32% historically, and in 2009 that return was averaging 3.26% and 0.87% respectively. How much are you getting from your investments not 16.26% I suspect.
To take a look at this investment please click here and you will be directed to the specific investment data covering this deal of the week. Here’s what you’ll get:
Immediate Access to the Deal of the Week!
Investment detail so you can fall in love with the deal not the house!
All available property photos
All available property details!
Property Address
Access to ALL Deals of the Week automatically
Some other immediate information you may be interested in that I offer FREE of charge and with no obligation:
The latest Foreclosure Auction Properties and the latest Foreclosure Auction Results are available right now! Oregon Counties serviced are Clackamas, Marion, Multnomah, Washington and Yamhill.
I’ve added a new feature that will allow you to request detailed foreclosure and property data on any of the properties in the report that interest you. This way you can view the loans on each property, the trustee information, notice dates and data plus much more. Additionally, once you’ve signed up for the information, I’ll send you an e-mail letting you know when the data has been updated. That let’s you get to the data without signing up everytime.
Brought to you by James White | Liberty First realty, LLC | 503-278-5334
The big story here is two fold. First, the inventory is really declining and is at 6 months. This is the lowest it’s been since July 2007 and I’m seeing the direct result as I show buyers properties. There just is not as much property on the market right now. Second is the average selling price declines. I tend to look at the year over year information rather than compare just May to June, however in this case lower inventory will have a positive impact on equity gains if the inventory remains low.
Neighborhood
Portland Metro saw the average price decline 7.4% from June 2010 to June 2011. One needs to look at the local areas on page 2 of the report to see the decline from area to area. The worst hit areas were Mt. Hood and Columbia County with a 13% and 11.4% respectively. More close to home the worst hit areas we’re Hillsboro/Forest Grove with 10.7%, Oregon City/Canby with 10.2% followed by Lake Oswego/West Linn at 10.1%. All serious price declines.
The areas with the smallest price declines we’re West Portland at 0.7%, NE Portland with 2.4% and NW Washington County at 3.1%. No areas within Portland Metro had any price gains during the reporting period of June 2010 to 2011.
Positive news now and in the future
Two positive items to note; one is the Median sales price has been increasing from January – June of this year! Let’s keep that up. The other is we our under the price trend line from 2001-2011. That means Real Estate is on Sale. The graph on page 5 clearly show this and looking back it’s clear to see the bubble of 2007. Prices will continue to adjust upward over the long term and eventually the Real Estate Sale will end. Can I predict the end of the sale? No way to be certain, but based on the information I read and follow closely, I would say locally in Portland metro, upward trends will be the norm within a year and a half. Don’t expect large increases, but I believe 2%-3% appreciation will be the new norm.
Foreclosure Friday Foreclosure tour is back and this week we have three great properties to tour. Each is a good real estate investment in it’s own right. Please enjoy the video as it will provide in-site beyond the simple pictures available on the web. I’ll be providing my opinion on the total package including the value offered with each property. In addition to that you will be able to access “Investor Only” data on each property allowing you to make an informed purchase. If your interested any any of these properties or any others please give me a call to access your personal tour. The information I am providing is available on any property your interested in. All you have to do is ask.
The latest Foreclosure Auction Properties and the latest Foreclosure Auction Results are available right now! Counties serviced are Clackamas, Marion, Multnomah, Washington and Yamhill.
Foreclosure Friday is back with a vengeance and better than ever. This weeks segment includes a “Virtual Foreclosure Tour” of four properties available right now for purchase. Please enjoy the video as it will provide in-site beyond the simple pictures available on the web. I’ll be providing my opinion on the total package including the value offered with each property. In addition to that you will be able to access “Investor Only” data on each property allowing you to make an informed purchase. If your interested any any of these properties or any others please give me a call to access your personal tour. The information I am providing is available on any property your interested in. All you have to do is ask.
The latest Foreclosure Auction Properties and the latest Foreclosure Auction Results are available right now! Counties serviced are Clackamas, Marion, Multnomah, Washington and Yamhill.
Soon you will be able to find a home in the neighborhood you want surrounded by the services that are important to you! The example below shows just how powerful this can be! In this example I’ve asked to see:
3 bedroom 2+ bath homes priced between $200,000 – $300,000 in Beaverton, nothing new right? Just Wait ….
I’ve also asked for elementary schools within a 1/2 mile, Shopping within a 1/2 mile and daycare within 1/4 mile. I get, the perfect location for my family.
If you simply must be within a specific radius to any address, business, medical doctor, or coffee shop you can easily drill down that far. There’s nothing else like this, I’m excited about it and I look forward to bringing this powerful search to you soon.
Stay tuned, and if you want me to notify you when this is live and ready shoot me an e-mail. I’ll be sure you’re one of the first to try it out!
James J White, Principal Broker, SFR, CIAS |Liberty First Realty, LLC
Go ahead and access the tour. You’ll find a complete investor report for each of the properties in the tour. All of these properties cash flow and have good CAP rates, NOI, and cash on cash returns.
Brought to yo by James White | Liberty First Realty, LLC | Equal Housing Opportunity
In order to be eligible for the $20,000 from Chase the loan must be previously a WAMU option Arm, Interest Only, or negative amortization loan. Just the real bad loans. The offers cannot be requested. Chase had to identify you and send you a letter offering you access to the offer. Only the hardest foreclosure struck areas have received these offers. In fact the details behind the selection process is very hush, hush. The selection criteria is not published anywhere. In other words, don’t bet on it, or wait. Likely the offer is not coming at all!
