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Ron's Blog

Resources and Relocation

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Another Price Reduction at the Cambridge

There was another price reduction at this fantastic Cambridge Condominium.  Click the link for more information. 

The seller's knocked almost $20,000 off the asking price for their condo, which was already a bargain to begin with.  Call me to set up a showing before someone else snatches up this screaming deal! 

 

      -Ron-

 

Price Reduction on Cambridge Condo

There was a $20,000 price reduction on this Cambridge Condominium, bringing the asking price down to $429,000.  Click the link for more information about this great property.  I'll be holding this condo open on Sunday (1/17) from 12-2 PM.  If you're in the area, feel free to swing by 2442 NW Westover and look for my open house signs.  . 

December's Market Statistics

The RMLS* released their monthly market statistics for the metro area.  Below are some of the highlights.

 

Comparing December 2008 to 2009:

 

Number of Foreclosure Filings Down

The number of foreclosure filings in Multnomah, Washington and Clackamas counties decreased by 12%  between the 3rd and 4th quarters of 2009.  The Oregonian’s Ryan Frank reports on why he might think that is.  Read his article here:

  • Read more
  • Foster Cat Update

    You might remember from last year that I fostered a couple of cats (Boris and Natasha) who were abandoned in Irvington through a foreclosure.  The two were a bonded pair and were luckily adopted together. 

    Open House This Sunday

    If you're interested in a really great deal on a condo in the Goose Hollow neighborhood, swing by this Sunday (1/10/2010) from 1-3 PM.  I'll be holding an open house at my Arbor Lodge listing.  Click on the link for more information on this property or just stop by 2024 SW Howards Way and look for my open house signs. 

    Hope to see you on Sunday!

         -Ron-

     

    Cultural District Condo for Sale

    Check out this great condo in Portland’s Cultural District.  Located at the Eleventh Avenue Lofts (1104 SW Columbia), this is a great property for the price – only $155,000. 

     

    New Mortgage Documents

    I got a sample of the new GFE (Good Faith Estimate) that lenders and mortgage brokers are supposed to provide borrowers starting January 1st, 2010.  The GFE is an estimate of the settlement charges and loan terms associated with purchasing real estate, and lenders are required to provide a GFE to buyers once the buyer identifies a property for purchase.

     

    Qualifications for the Treasury’s HAFA (Short Sale) Program

    I’ve found a little more information about the Treasury Department’s short sale program.  The HAFA program (Home Affordable Foreclosure Alternatives) is looking more and more like a voluntary program for most commercial banks.  Mortgage giants Fannie Mae and Freddie Mac are reported to soon have their own short sale programs that are si

    Quick Update on the HAFA Program and Short Sales

    A couple weeks ago, I mentioned that the Treasury Department announced their new short sale guidelines.  Click here to see that article:  New Short Sale Guidelines! 

     

    Ron Milligan
    RE/MAX Equity Group         Licensed in Oregon
    237 NE Broadway #100, Portland, OR 97232     (503) 287-8989 office     (503) 484-3166
     
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