Many homeowners could avoid foreclosure by refinancing their home loan to a lower interest rate. Yet refinancing to today’s low, low rates has been all but impossible for many home owners trying to avoid foreclosure. If you are trying to avoid foreclosure by making your payments more affordable, changes to the Obama administration’s Home Affordable Refinance Program (HARP) could help you stay in your home. The changes coming out by the end of the year are expected to help you refinance even if you owe more than then current market value of your home. Here’s how the Wall Street Journal describes the original HARP program in their blog. What is HARP? The...
Read MoreHere’s some good news for Portland real estate. Closed sales and pending sales are up over last year this time. Comparing closed sales for the third quarter of 2010 with the third quarter of 2011 closed sales were up a whopping 21.5%. (Pending sales increased 21.6% and new listings were down 27.6% over third quarter last year.) Thinking of buying a home in Portland? Last week the 30 year fixed rate for an FHA loan was 3.75%. Amazing! Who knows how long these low rates will last. (This report is a snapshot in time. To compare September with previous months, see my other Market Conditions Reports.) Portland Real Estate: Sales Closed sales for Sept 2011 up 13.4% over...
Read MoreWow, Portland real estate sales have really improved… judging by the August 2011 numbers from our local MLS. Closed sales are up dramatically (30.7% over the previous August) and pending sales are also up. Portland home buyers must really be taking advantage of the extremely low interest rates. Last week the 30 year fixed rate for an FHA loan was 3.8%. Amazing! (This report is a snapshot in time. To compare August with previous months, see my other Market Conditions Reports.) Portland Real Estate Market: Sales Closed and pending sales are up for August 2011. Compared with the previous August (2010), closed home sales in the Portland metro area are up 30.7% and...
Read MoreAnne Kadin provided exemplary, supportive and professional assistance in our quest to purchase a home. Anne always went above and beyond, and never made us feel that she was working for the commission – she was working for US! I have purchased several homes in my life, in two different countries, and Anne is the best I have come across. I will always use her professional services in the future and strongly recommend her to anyone who wants a non-pushy, thorough, competent, friendly Realtor. Lesley B
Read MoreAgain, thank you for your services. You can never really know when you work long distance with someone how it will go, but you rewarded my decision to use you. You were professional, courteous and prompt in all your dealings with me and I really appreciate it. Feel free to use me as a reference if it would ever be helpful. Rick V
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