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Foreclosures
Foreclosure Homes — 2012 Trends for Foreclosures in Portland
Foreclosure homes in Portland (also called bank owned properties) will continue to drive the Portland real estate market for the coming year. Here’s why you need to know what is anticipated for foreclosures in Portland. For the short term Portland home buyers and investors should see the Portland real estate market improving. Long term, home sellers may see the beginning of the end of the foreclosure homes bloating the market. (Although it may take most of 2012 to begin to see strong results. There are still a number of foreclosures in Portland to be sold.) For home buyers and investors 2012 is the year of opportunity. The number of foreclosure homes will keep...
Read MoreCould Obama’s Plan Help You Avoid Foreclosure?
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...
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