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Posts Tagged ‘Oregon Foreclosures’

The real estate market is rolling along and homes are selling. If you are in the market to buy a home, sell a home or are simply watching trends in your area, you are probably seeing a mixture of some homes that sell and some that don’t. I have had regular conversations with clients who [...]

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Recently many banks and other institutions such as Fannie Mae, have removed their foreclosure moratoriums which was bound to have the impact of increased foreclosures flooding the market. Well it has impacted the Oregon real estate market. In March we saw foreclosures rise more than 100% from the month of March, 2008! Up 107%, a [...]

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For some reason I saved an MSNBC news story from June 19th 2007, almost 2 years ago, which discusses the housing downturn at that time and questioned whether or not we were close to the bottom. Almost 2 years later we still don’t know when we will find the bottom. Written by John W. Schoen, [...]

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Beginning in October of 2008, the Bush Administration rolled out an assistance program for homeowners having trouble making their mortgage payment. The Hope for Homeowners Program restructures mortgages for qualified homeowners.
Restructured loans will be based on 90 percent of a homes current value which is established by a new appraisal. What you are accomplishing here [...]

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We are deffinetly seeing real estate prices fall around the country. What was once viewed as the best long term investment a person could make has changed course, at least for now. According to The National Association of Realtors, home prices were trending down until late in the first quarter of 2008 where a bit of an upturn [...]

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As with many areas around the country, the foreclosure rate in Oregon is growing and will likely get worse before it gets better. A recent article in the Oregonian Newspaper titled: Foreclosure Scourge Spreads into Oregon, a story gets told about a home currently on the market as a bank owned property. Prior to leaving [...]

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