Tuesday, January 26, 2010

Multnomah County foreclosure statistics

Multnomah County represents 40.31% of all active foreclosures in the Portland metro area including Multnomah, Clackamas, Washington, Yamhill and Clark County.

There are currently 1815 active foreclosure listings as of January 26th. The cities with the worst foreclosure problems are Portland with 1401 listings, followed by Gresham with 222 listings and Troutdale with 51 listings. The zip code with the most foreclosures is 97266 with 132 listings followed by 97080 with 130 and 97233 with 129 listings.

The worst hit lender for the area is Bank of America with over 500 (if you include Bank of America and its Countrywide subsidaries), followed by Wells Fargo with over 240 listings, with "other institutional lenders" coming in at 205 listings and JP Morgan Chase, or Chase Home loans with over 70 listings.

Single family residences are the worst hit property type with 1512 listings and condos following with 217 listings and land/lot properties with 35 listings.

Below is a break down of Multnomah County's current foreclosures. For information or details on these foreclosures, you can go to PortlandForeclosure.com.

Active property types in Multnomah County include:
  • 1 Agri listings
  • 13 Com listings
  • 217 Condo listings
  • 4 Farms listings
  • 3 Forest listings
  • 4 Ind listings
  • 34 Land listings
  • 1 Lot listings
  • 5 Mixed listings
  • 1 Mobile listings
  • 8 Multi listings
  • 11 Res listings
  • 1512 Sfr listings
  • 1 unknown listing
Current cities:

  • 1 Boring listings
  • 4 Corbett listings
  • 32 Days Creek listings
  • 31 Fairview listings
  • 222 Gresham listings
  • 12 Lake Oswego listings
  • 1401 Portland listings
  • 51 Troutdale listings
  • 21 Wood Village listings
  • 40 unknown listings
Current zips:
  • 4 97019 listings
  • 30 97024 listings
  • 92 97030 listings
  • 12 97035 listings
  • 71 97060 listings
  • 130 97080 listings
  • 20 97201 listings
  • 41 97202 listings
  • 58 97203 listings
  • 1 97204 listings
  • 4 97205 listings
  • 126 97206 listings
  • 30 97209 listings
  • 11 97210 listings
  • 80 97211 listings
  • 37 97212 listings
  • 30 97213 listings
  • 19 97214 listings
  • 19 97215 listings
  • 57 97216 listings
  • 79 97217 listings
  • 41 97218 listings
  • 59 97219 listings
  • 87 97220 listings
  • 17 97221 listings
  • 6 97227 listings
  • 19 97229 listings
  • 114 97230 listings
  • 8 97231 listings
  • 11 97232 listings
  • 129 97233 listings
  • 127 97236 listings
  • 41 97239 listings
  • 132 97266 listings
  • 32 97429 listings
  • 40 unknown
Foreclosure lender:

  • 40 mechanics liens/taxes unpaid listings
  • 205 * Other Institutional Lenders listings
  • 3 97717 listings
  • 6 98480 listings
  • 2 Aames Hm Lns listings
  • 2 Abacus Mtg Inc listings
  • 6 Abn Amro Mtg Grp Inc listings
  • 4 Accredited Hm Lenders listings
  • 2 Advantis Cu listings
  • 3 Aegis Fndg Corp listings
  • 8 Aegis Wholesale Corp listings
  • 1 Aig Fsb listings
  • 6 Albina Cmnty Bk listings
  • 2 America's Servicing Co listings
  • 5 American Brokers Conduit listings
  • 1 American Electronics Cu listings
  • 2 American Hm Mtg Acceptance Inc listings
  • 1 American Hm Mtg Svcs Inc listings
  • 5 American Mtg Ntwk/or listings
  • 1 Americas Moneyline Inc listings
  • 3 Ameriquest Mtg Co listings
  • 1 Amr Inv Group Llc listings
  • 6 Anchor Mutual Svgs Bk listings
  • 1 Apreva Inc listings
  • 9 Argent Mtg Co Llc listings
  • 1 Axia Fin'l Llc listings
  • 40 Bank Of America listings
  • 1 Barrington Cap Corp listings
  • 1 Bayview Ln Svcg Llc listings
  • 2 Bear Stearns Resid'l Mtg Corp listings
  • 2 Beneficial Or Inc listings
  • 1 Benj Franklin Fed'l S&l listings
  • 2 Bf Saul Mtg Co listings
  • 1 Budget Fndg I Llc listings
  • 1 Capital Pac Bk listings
  • 2 Centex Hm Equity Co Llc listings
  • 3 Central Mtg listings
  • 3 Central Pacific Mtg Co listings
  • 1 Charter One listings
  • 62 Chase Hm Fin Llc listings
  • 8 Chase Manhattan Mtg listings
  • 1 Chase Mtg Co listings
  • 1 Citigroup Global Markets Rlty listings
  • 14 Citimortgage listings
  • 1 Colonial Mtg Co listings
  • 1 Columbia Cu listings
  • 1 Commonwealth United Mtg listings
  • 2 Comunity Lending listings
  • 1 Consolidated Fcu listings
  • 1 Cosmopolitan Fndg Grp listings
  • 1 Countrywide Bk Fsb listings
  • 5 Countrywide Hm Lns Inc listings
  • 1 Credit Suisse Fin'l Corp listings
  • 1 Credit Suisse First Boston Mbs listings
  • 2 Csmc listings
  • 2 Ctx Mtg Co Llc listings
  • 1 Decision One Mtg Co Llc listings
  • 1 Delta Fndg Corp listings
  • 1 Direct Cap listings
  • 2 Directors Mtg listings
  • 1 Directors Mtg Ln listings
  • 1 Ditech listings
  • 4 Ditech.com listings
  • 1 Downey S&l Assn Fa listings
  • 1 E Trade Bk listings
  • 1 Eagle Hm Mtg Inc listings
  • 2 Emc Mtg Corp listings
  • 4 Encore Credit Corp listings
  • 1 Equifirst Corp listings
  • 1 Equity Hm Mtg Llc listings
  • 1 Equity One Inc listings
  • 1 Equity Resid'l Grp Llc listings
  • 3 Everbank listings
  • 1 Everhome Mtg Co listings
  • 1 Expanded Mtg Credit listings
  • 5 Fieldstone Mtg Co listings
  • 1 Finance America Llc listings
  • 1 Financial Freedom Senior Fndg listings
  • 1 First Boston Mtg Sec listings
  • 10 First Franklin listings
  • 13 First Franklin Fin'l Corp listings
  • 1 First Guaranty Mtg listings
  • 7 First Horizon Hm Ln listings
  • 14 First Horizon Hm Ln Corp listings
  • 1 First Interstate Bk/or listings
  • 2 First Magnus Fin'l Corp listings
  • 3 First Nat'l Bk/az listings
  • 4 First Pacific Mtg listings
  • 6 Flagstar Bk Fsb listings
  • 1 Fleet Nat'l Bk listings
  • 1 Flexpoint Fndg listings
  • 1 Fmf Cap Llc listings
  • 1 Foundation Cap Grp Inc listings
  • 1 Fremont Bk listings
  • 4 Fremont Invs & Ln listings
  • 3 Gateway Fin'l Svcs listings
  • 1 General Elec Cap Corp listings
  • 3 Global Eqty Lndg Inc listings
  • 2 Gmac Bk listings
  • 4 Gmac Mtg listings
  • 2 Gmac Mtg Llc listings
  • 2 Gn Mtg Llc listings
  • 1 Greater Nw Mtg listings
  • 1 Green Tree Servicing Llc listings
  • 20 Greenpoint Mtg Fndg listings
  • 2 Greystone Fin'l Grp listings
  • 3 Guild Mtg Co listings
  • 1 Hamilton Fin'l Corp listings
  • 1 Harbourton Mtg Invs Corp listings
  • 2 Home Cap Fndg listings
  • 2 Home Fndg listings
  • 2 Home123 Corp listings
  • 12 Homecomings Fin'l Llc listings
  • 10 Homecomings Fin'l Network Inc listings
  • 5 Homestreet Bk listings
  • 5 Household Fin Corp Ii listings
  • 1 Hsbc Bk Usa listings
  • 1 Hsbc Mtg listings
  • 3 Hsbc Mtg Corp (usa) listings
  • 5 Hsbc Mtg Svcs Inc listings
  • 1 Hsi Asset Securization Corp listings
  • 8 Hyperion Cap Grp Llc listings
  • 2 Impac Lending Grp listings
  • 28 Indymac Bk Fsb listings
  • 3 Irwin Mtg Corp listings
  • 1 J&r Lndg Inc listings
  • 2 James B Nutter & Co listings
  • 25 Jp Morgan Chase Bk listings
  • 1 Just Mtgs listings
  • 5 Key Bk listings
  • 2 Landmark Mtg listings
  • 8 Lehman Brothers Bk Fsb listings
  • 1 Lender Fin America Llc listings
  • 1 Lender Gmac Mtg Corp listings
  • 3 Lender Homecomings Finl Ntwk listings
  • 1 Lenders Direct Cap listings
  • 1 Lime Fin'l Svcs Ltd listings
  • 1 Litton Ln Svcng Lp listings
  • 5 Loancity listings
  • 1 Loancity.com listings
  • 2 Long Bch Mtg Co listings
  • 2 Lownhome Fin'l Holdings Llc listings
  • 1 M&t Bk listings
  • 3 M&t Mtg Corp listings
  • 1 Majestic Mtg Svcs listings
  • 1 Major Mtg listings
  • 1 Matrix Fin'l Svcs listings
  • 2 Meritage Mtg listings
  • 3 Meritage Mtg Corp listings
  • 1 Mers listings
  • 1 Metlife Hm Lns listings
  • 2 Midfirst Bk listings
  • 1 Mila Inc listings
  • 1 Millenium Fndg Grp listings
  • 1 Millennium Fndg Grp listings
  • 4 Morequity Inc listings
  • 1 Morgan Fin'l Inc listings
  • 1 Morgan Stanley & listings
  • 2 Morgan Stanley Abs Cap I Inc listings
  • 471 Mortgage Electronic Rgstrtn listings
  • 1 Mortgage Express Llc listings
  • 1 Mortgage Lenders Network Usa listings
  • 8 Mortgageit Inc listings
  • 1 Mortgagepointer.com listings
  • 4 National Cty Mtg listings
  • 5 National Cty Mtg Co listings
  • 4 Nationstar Mtg Llc listings
  • 1 Nationwide Advantage Mtg Co listings
  • 2 New America Fin'l listings
  • 13 New Century Mtg Corp listings
  • 2 North American Mtg Co listings
  • 2 Northwest Mtg Grp listings
  • 1 Norwest Mtg Inc listings
  • 1 Novastar Mtg Inc listings
  • 3 Ocwen Ln Servicing Llc listings
  • 2 Olympic Mtg listings
  • 3 Onpoint Cmnty Cu listings
  • 16 Option One Mtg Corp listings
  • 10 Oregon Hsng & Cmnty Svcs Dept listings
  • 1 Oregon Telco Cmnty Cu listings
  • 18 Ownit Mtg Solutions Inc listings
  • 2 Pacific Nw Mtg Llc listings
  • 1 Paramount Eqty Mtg Inc listings
  • 1 Paramount Equity Mtg listings
  • 1 Paul Fin'l Llc listings
  • 8 Phh Mtg listings
  • 1 Pinnacle Cap Mtg Corp listings
  • 2 Plaza Hm Mtg Inc listings
  • 1 Plg Fndg listings
  • 2 Pmc Bancorp listings
  • 1 Premier Mtg Grp listings
  • 2 Premier Mtg Rsrcs listings
  • 2 Premier Mtg Rsrcs Llc listings
  • 1 Premier Mtg Rsrcs/wa listings
  • 1 Primary Resid'l Mtg listings
  • 14 Private Individual listings
  • 1 Provident Fndg Assocs Lp listings
  • 3 Quicken Lns listings
  • 2 Rbanc Lndg Inc listings
  • 3 Rescom Cap Llc listings
  • 1 Residential Cap listings
  • 1 Resmae Mtg Corp listings
  • 1 Response Mtg Svcs listings
  • 1 Seattle Mtg Co listings
  • 1 Seattle Svgs Bk listings
  • 1 Sebring Cap Ptrs Lp listings
  • 1 Security Nat'l Mtg Co listings
  • 2 Sfg Income Fnd Vi Llc listings
  • 1 Shelter Mtg Corp listings
  • 7 Sierra Pacific Mtg Co listings
  • 1 Siuslaw Bk listings
  • 1 Southstar Fndg listings
  • 1 State Farm Bk Fsb listings
  • 3 Sterling Svgs Bk listings
  • 2 Sunset Mtg listings
  • 1 Sunset Mtg Co Lp listings
  • 7 Suntrust Mtg Inc listings
  • 2 Sydion Fin'l Llc listings
  • 3 Taylor Bean & Whitaker Mtg listings
  • 1 The Reverse Mtg Co listings
  • 4 Town Ctr Bk listings
  • 1 Trust One Mtg listings
  • 1 Union Planters Bk listings
  • 1 United Equity Llc listings
  • 4 Unitus Cmnty Cu listings
  • 5 Us Bk Na/nd listings
  • 16 Us Bk National Assn listings
  • 1 Usaa Fsb listings
  • 1 Vanderbilt Mtg & Fin listings
  • 1 Veterans Admn listings
  • 6 Wachovia Mtg Fsb listings
  • 1 Ward Cook Inc listings
  • 3 Washington Fed'l Svgs listings
  • 16 Washington Mutual Bk listings
  • 11 Washington Mutual Bk Fa listings
  • 2 Washington Tr Bk listings
  • 4 Wealthbridge Mtg Corp listings
  • 219 Wells Fargo Bk Na listings
  • 15 Wells Fargo Fin'l/or listings
  • 1 Wells Fargo Hm Mtg Inc listings
  • 3 West Coast Bk listings
  • 1 Western General Mtg Co listings
  • 6 Wilmington Fin listings
  • 1 Wilmington Fin Inc listings
  • 4 Wmc Mtg Corp listings
  • 1 World Svgs Bk listings
  • 5 World Svgs Bk Fsb listings

Sunday, January 24, 2010

Clark County foreclosure statistics

Clark County represents 11.93% of all active foreclosures in the Portland metro area. There are current 537 active foreclosure listings as of January 22nd. The cities with the worst foreclosure problems are Vancouver with 364 listings, followed by Battle Ground with 45 listings and Camas with 38 listings. The zip code with the most foreclosures is 98682. The worst hit lender for the area is Wells Fargo with at least 44 active foreclosure filings and Bank of America with over 40 (if you include Bank of America and its subsidaries of Countrywide) and First Horizon with over 20 listings. Single family residences are the worst hit property type with condos and duplexes trailing.

Below is a break down of Clark County's current foreclosures. For information or details on these foreclosures, you can go to PortlandForeclosure.com.

Active property types in Clark County include:
  • 1 listings
  • 1 Agri listings
  • 23 Condo listings
  • 9 Duplex listings
  • 1 Fast Food listings
  • 31 Land listings
  • 6 Mobile listings
  • 3 Multi listings
  • 1 Office listings
  • 1 Quadruplex listings
  • 7 Res listings
  • 453 Sfr listings
Current cities:
  • 8 listings
  • 4 Amboy listings
  • 45 Battle Ground listings
  • 7 Brush Prairie listings
  • 38 Camas listings
  • 7 La Center listings
  • 20 Ridgefield listings
  • 364 Vancouver listings
  • 32 Washougal listings
  • 1 Woodland listings
  • 11 Yacolt listings
Current zips:
  • 10 0 listings
  • 4 98601 listings
  • 45 98604 listings
  • 8 98606 listings
  • 40 98607 listings
  • 7 98629 listings
  • 21 98642 listings
  • 7 98660 listings
  • 53 98661 listings
  • 47 98662 listings
  • 13 98663 listings
  • 25 98664 listings
  • 21 98665 listings
  • 30 98671 listings
  • 1 98674 listings
  • 10 98675 listings
  • 83 98682 listings
  • 26 98683 listings
  • 41 98684 listings
  • 24 98685 listings
  • 21 98686 listings
Foreclosure lender:
  • 30 listings
  • 94 * Other Institutional Lenders listings
  • 28 98480 listings
  • 35 98808 listings
  • 1 Abn Amro Mtg Grp Inc listings
  • 1 Acceptance Cap Mtg listings
  • 1 Accredited Hm Lenders listings
  • 1 Aegis Wholesale Corp listings
  • 1 American Mtg Network Inc listings
  • 1 Ameriquest Mtg Co listings
  • 3 Anchor Mutual Svgs Bk listings
  • 1 Argent Mtg Co Llc listings
  • 9 Aurora Ln Svcs Llc listings
  • 1 Axis Mtg & Invs listings
  • 2 Bank Of America listings
  • 15 Bank Of Clark Cnty listings
  • 3 Bay Bk listings
  • 1 Bear Stearns Asset Backed Secu listings
  • 1 Beneficial Wa Inc listings
  • 1 Bismark Mtg Co listings
  • 3 Boeing Emps Cu listings
  • 8 Central Mtg listings
  • 1 Central Pacific Mtg Co listings
  • 1 Charter Bk listings
  • 14 Chase Hm Fin Llc listings
  • 1 Citicorp Tr Bk Fsb listings
  • 1 Citigroup Mtg Ln Tr Inc listings
  • 10 Citimortgage listings
  • 1 Cls Mtg Inc listings
  • 7 Columbia Cu listings
  • 1 Concord Mtg listings
  • 1 Countrywide Bk Fsb listings
  • 2 Countrywide Hm Lns Inc listings
  • 1 E Trade Bk listings
  • 1 Encore Credit Corp listings
  • 1 Everbank listings
  • 8 Everhome Mtg Co listings
  • 1 Federated Mtg Assoc Inc listings
  • 22 First Horizon Hm Ln listings
  • 1 First Horizon Hm Ln Corp listings
  • 1 First Mtg Corp listings
  • 1 First Mutual Bk listings
  • 2 Flagstar Bk Fsb listings
  • 1 Gmac Mtg listings
  • 17 Gmac Mtg Llc listings
  • 4 Greenpoint Mtg Fndg listings
  • 1 Group One Lndg listings
  • 1 Guaranty Bk listings
  • 1 Harborview Corp listings
  • 1 Home123 Corp listings
  • 2 Homecomings Fin'l Network Inc listings
  • 5 Homestreet Bk listings
  • 1 Household Fin Corp Iii listings
  • 1 Household Rlty listings
  • 2 Hsbc Bk Usa listings
  • 1 Hsbc Mtg listings
  • 2 Hsbc Mtg Corp (usa) listings
  • 6 Hsbc Mtg Svcs Inc listings
  • 1 Indymac Bk Fsb listings
  • 1 Indymac Fed'l Bk Fsb listings
  • 10 Jp Morgan Chase Bk listings
  • 1 Kaiperm Northwest Fcu listings
  • 2 Key Bk listings
  • 2 Lehman Brothers Bk Fsb listings
  • 1 Liberty Bk listings
  • 1 Lionpride Llc listings
  • 1 Litton Ln Svcng Lp listings
  • 3 Long Bch Mtg Co listings
  • 1 Lownhome Fin'l Holdings Llc listings
  • 2 M&t Bk listings
  • 1 M&t Mtg Corp listings
  • 4 Metlife Hm Lns listings
  • 2 Midfirst Bk listings
  • 6 Morequity Inc listings
  • 26 Mortgage Electronic Rgstrtn listings
  • 1 National Cty Bk listings
  • 4 National Cty Mtg listings
  • 1 Nationstar Mtg Llc listings
  • 2 No Lender On Document listings
  • 9 Ocwen Ln Servicing Llc listings
  • 1 Option One Mtg Corp listings
  • 1 Paul Fin'l Llc listings
  • 1 Phh Mtg listings
  • 1 Phoenix Fndg listings
  • 1 Private Individual listings
  • 1 Residential Cr Solutions listings
  • 1 Residential Fndg Corp listings
  • 1 Response Mtg Svcs listings
  • 3 Rh Fndg listings
  • 2 Riverview Cmnty Bk listings
  • 1 Sierra Pacific Mtg Co listings
  • 1 State Farm Bk Fsb listings
  • 18 Suntrust Mtg Inc listings
  • 1 Travelers Bk&tr Fsb listings
  • 1 Us Bk Na/nd listings
  • 3 Us Bk National Assn listings
  • 2 Vanderbilt Mtg & Fin listings
  • 2 Wachovia Mtg Fsb listings
  • 1 Wamu Mtg listings
  • 1 Washington Mutual Bk listings
  • 44 Wells Fargo Bk Na listings
  • 1 West Coast Bk listings
County Land Use:
  • 2 listings
  • 1 Farm Bldgs For Equipment (171) listings
  • 1 Fast Food Restaurants (662) listings
  • 6 Mobile Home-converted (016) listings
  • 3 Multi-family 5 To 9 Units (023) listings
  • 1 Office Bldg Leasing Cls B&c (702) listings
  • 6 Prime Developable Ground (997) listings
  • 4 Resid Use On Commer Zone (511) listings
  • 1 Residential Improved Area 1 (1011) listings
  • 2 Residential Improved Area 2 (1012) listings
  • 1 Single Fam Res-conv Coml Use (512) listings
  • 429 Single Fam Unit (011) listings
  • 19 Single Fam Unit-shared Wall (012) listings
  • 23 Single Fam-condo (017) listings
  • 9 Tradional Duplex (021) listings
  • 1 Triplex Or Fourplex (022) listings
  • 17 Unused Land Cleared (991) listings
  • 1 Unused Land Timbered (992) listings
  • 10 Used Platted Land (996) listings


Portland Foreclosure provides up-to-date foreclosure listings and foreclosure info for Portland and the surrounding Portland metropolitan area including Beaverton, Hillsboro, West Linn, Lake Oswego, Portland, West Linn and Vancouver, Washington. Foreclosures in: Clark, Multnomah, Yamhill, Washington, Yamhill and Clackamas counties.

PortlandForeclosure.com. © 2010, all rights reserved. Information provided is public record. We obtain the foreclosure listings from county records. We do not guarantee the accuracy. In some instances, homes have been brought current, their default has been cured and they are no longer in the foreclosure process. PortlandForeclosure.com. Located at 1030 NW 12TH AVE APT TH4, Portland, OR 97209


Saturday, January 23, 2010

Tenant's rights in foreclosure

Tenant's rights in foreclosureTenant's rights in foreclosure

Understand your rights as a renter in foreclosure


1. I just found out my building is in foreclosure, what should I do?

The first thing to do when you get notice that your home is in foreclosure is to send a copy of your lease agreement or month to month rental agreement to the bank or person foreclosing on the home. If you do not have a written agreement with your landlord, you can send things such as rent receipts, to prove that you are a tenant. You should also send a copy of the sample letter #1 attached to this flyer with your agreement. Keep a copy of the paperwork you
send to the foreclosing entity. This will let the foreclosing entity know that you have the legal right to live at the home and require them to
serve you with the notices discussed in #3.

2. Do I have to move out immediately?

No. Before you are required to move out, you will be sent a notice to move out by either your
landlord or the person or business that buys the home at foreclosure.

3. What does a foreclosure mean to me as a tenant?

Many renters will be forced to move out of their home after the landlord is foreclosed upon and the home has new owners.

If you are on a month to month rental agreement, the new owner is required to give you a 90 day notice to move out.

If you have a lease, the owner must allow you to stay in your home until your lease expires. If your lease expires in less than 90 days, then the new owner must give you 90 days notice to move. Regardless of when your lease expires, if the new owner wants to move into the home as their primary residence, the new owner can give you a 90 day notice to move.

The new owner can only give you a notice to move out once they become the owner of the home. You should do your best to move out by the date in the notice. If you are unable to move out before the notice expires, you should call the new owner to see if they will give you more time to move out. If you have a disability that makes it difficult for you to move out, you may request a reasonable accommodation for more time to move out.

Once the notice period is up, the new owner can begin an eviction court action to force you to
move out.

* If your home was foreclosed upon before May 20, 2009, the purchaser of your home might be
able to give you less time to move out. Talk to a lawyer for more information on what type of
notice you are entitled to.


* If your lease/rental agreement was signed before the landlord obtained the loan that is being foreclosed upon, your rights might be different. You should take to an attorney about your rights.


Tenant's rights in foreclosure is continued at PortlandForeclosure.com

Friday, January 22, 2010

Move-up buyer tax incentive to end on April 30th, 2010

Move up buyerThe newly extended tax credit gives existing homeowners with five years of residency in their current home a $6500 tax credit to purchase a new home.


Current homeowners that purchase another home will be given a tax incentive if they meet certain qualifications. The credit will be available on home sales negotiated before April 30th, 2010.

So, for a limited time, qualified move-up homebuyers may receive a tax credit up to $6,500 as part of the Homebuyer Tax Credit and Advance Loan Program. Buyers have until April 30th to negotiate and June 30th to close their transactions.

If the borrower plans to live in the home as their primary residence and have owned the same home during the past five consecutive years, home owners may qualify for the tax credit. As long as the home remains their primary residence for at least three years, home owners will not have to repay the tax credit.

With current federal tax legislation you can receive a tax rebate for purchasing a home. No matter if you purchase a foreclosure or regularly listed property, the incentives may apply.

Here are some details of the tax incentive for move up home buyers:

  • Available to existing
    homeowners

  • For any home purchase
    where a sales contract is
    signed by April 30, 2010 and
    closes by June 30, 2010

  • Available on single-family
    detached homes, townhomes
    and condominiums — newly
    constructed or pre-existing
    homes

  • The tax credit does not need
    to be repaid unless the
    home is sold within the first
    three years after purchase

  • Credit may only be awarded on homes purchased for $800,000 or less.

  • Purchaser receives tax credit when tax return or tax addendum is filed

For more information on foreclosures in the Portland metro area or home buying strategies, go to PortlandForeclosure.com


Thursday, January 21, 2010

First time home buyer tax incentive to end in April

First time buyer
The Newly Extended Tax Credit
Legislation Helps Many First Time Home Buyers Get Off the Fence



Many first time home buyers are thinking about buying their first home. And the government has some good news for them. For a limited time, until April 30th, 2010, qualified first-time homebuyers may receive a tax credit up to $8,000 as part of the extended First-time Homebuyer Tax Credit and Advance Loan Program.

If home buyers live in the home as their primary residence and have not owned a home during the past three years, they may qualify for the tax credit. As long as the home remains their primary residence for at least three years, they will not have to repay
the tax credit.

With current federal tax legislation anyone that hasn't owned a home in the last three years can receive a tax rebate for purchasing a new home. No matter if you purchase a foreclosure or regularly listed property, these incentives apply.

Here are some details of the tax incentive for first time buyers:

  • Available to first-time
    homebuyers - borrower cannot have owned a home for 3 years.

  • Credit amount up to 10%
    of the home's value, not to
    exceed $8,000

  • For any home purchase
    where a sales contract is
    signed by April 30, 2010 and
    closes by June 30, 2010

  • Available on single-family
    detached homes, townhomes
    and condominiums — newly
    constructed or pre-existing
    homes

  • Buyers qualified for full tax
    credit are single taxpayers
    with incomes up to $125,000
    and married couples with
    incomes up to $225,000

  • The tax credit does not need
    to be repaid as long as the
    buyer does not sell the home
    within the first three years
    and it remains their primary
    residence

  • Purchaser receives tax credit when tax return or tax addendum is filed

    For more information on purchasing homes, or learning about purchasing a home, go to PortlandForeclosure.com. We not only publish current and active foreclosure listings, but offer advice on investing in real estate.

    Monday, January 11, 2010

    Laurelhurst foreclosure map added


    PortlandForeclosure announced today the addition of an interactive foreclosure map for the Laurelhurst neighborhood. Laurelhurst neighborhood is located on the border of NE and SE Portland. Although the number of foreclosures in Laurelhurst is relatively low compared to other neighborhoods, the tool gives neighbors, investors and homeowners a overview of the neighborhood.


    To visit the Laurelhurst foreclosure map go to PortlandForeclosure.com/laurelhurst


    Thursday, January 7, 2010

    Concordia neighborhood foreclosure map


    PortlandForeclosure.com created a Concordia neighborhood foreclosure map. It's located at portlandforeclosure.com/concordia


    Concordia has six active foreclosures with several foreclosures in surrounding neighborhoods. PortlandForeclosure.com publishes public record foreclosure listings with FREE and instant access to all. If you are interested in viewing these foreclosures or others, go to PortlandForeclosure.com

    Tuesday, January 5, 2010

    Current foreclosure list shows myriad of lenders

    PortlandForeclosure.com announced today that foreclosures have impacted several local and national lending institutions.

    According to active foreclosure listings in the Portland metro area, homes that are currently 60-days past due and or up for auction, more than 60 institutions have failing loans.

    Some of the worst impacted institutions include:
    • Bank of America
    • Chase
    • First Horizon
    • Former Countrywide now Bank of America
    • Wells Fargo
    • US Bank

    Local institutions impacted include:

    • Washington Federal
    • MBank
    • Albina Community Bank

    Most lenders have access to emergency federal funds, but it will be interesting to see how the new year shakes out. Fore more information on the current foreclosures in the Portland metro area go to PortlandForeclosure.com.


    The current list of all lenders holding mortgages that are in the process of forelcosure include:
    • 165 individual (people) listings
    • 449 * Other Institutional Lenders listings (could be individuals or lenders that use subsidarys)
    • 1 Aames Hm Lns listings
    • 2 Abacus Mtg Inc listings
    • 5 Abn Amro Mtg Grp Inc listings
    • 11 Accredited Hm Lenders listings
    • 3 Accubanc Mtg listings
    • 1 Ace Mtg Fndg Llc listings
    • 1 Advantis Cu listings
    • 3 Aegis Fndg Corp listings
    • 8 Aegis Wholesale Corp listings
    • 11 Albina Cmnty Bk listings
    • 2 All Pacific Mtg listings
    • 3 Alpine Mtg Llc listings
    • 1 Amc Mtg Svc Inc listings
    • 3 America's Servicing Co listings
    • 6 American Brokers Conduit listings
    • 2 American Electronics Cu listings
    • 2 American Equity Mtg listings
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    • 1 World Svgs Bk listings
    • 7 World Svgs Bk Fsb listings








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