Over the course of the past two and one-half years, I’ve met with hundreds of folks experiencing the trauma of dealing with huge negative equity
Introduction. For those Realtors® who were in the business in 2005 – 2007, multiple offers occurred fairly frequently. Today, we are seeing them again. However
With the slowdown in real estate and the increasing difficulty in obtaining bank financing, some home sellers have begun to consider carrying the financing themselves
Oregon Revised Statute 94.712 is worth noting by distressed property sellers and their Realtors®. Section (1) reads as follows: “An owner shall be personally liable
Word has it that Oregon has agreed to sign on to the 50-state attorneys general settlement with five of the country’s largest banks: Bank of
As we enter the New Year, everyone, it seems, has an opinion or prediction. However, one rule should always be applied: Be careful how you
Have you ever been curious about what “test” the Big Banks apply when deciding to allow short sales? I have. What follows is my
Introduction. As we know today, there are many bank-owned properties being listed and sold. A term commonly used to refer to these homes are REOs,
The sad reality is that negative equity, short sales, and foreclosures, will likely be around for quite a while. “Negative equity”, which is the excess
In a recent post on mortgage insurance (“MI”), I addressed what I saw as a problem, but didn’t yet fully understand the depth of it,
