Home Must Reads Short sales surge in Oregon

Short sales surge in Oregon

| Print |  Email
Must Reads
Thursday, May 31, 2012

Short sales have increased in Oregon as an alternative to foreclosure.

Pre-foreclosure sales -- most of which are short sales -- now make up more than 10 percent of home sales statewide and in Portland, according to numbers released Wednesday by the foreclosure listings site RealtyTrac. A year ago, they made up only 7.5 percent of home sales.

In a short sale, the bank agrees to accept the sale price of the home even if it's less than the amount owed on the mortgage. Short sales allow underwater borrowers -- those who owe more on their mortgage than their home is worth -- to avoid foreclosure if they have to sell.

Read more at OregonLive.com.

{biztweet}short sale{/biztweet}

 

More Articles

Powerlist: Colleges and Universities

September 2014
Wednesday, August 27, 2014
BY KIM MOORE

A conversation about higher education with the presidents of the University of Oregon and Clackamas Community College, followed by September's powerlist.


Read more...

Semiconductor purgatory

News
Monday, October 06, 2014
roundup-logo-thumb-14BY LINDA BAKER | OB EDITOR

Intel's manufacturing way station; Merkley's attack dog; Diamond Foods gets into the innovation business.


Read more...

100 Best Nonprofits announced

News
Thursday, October 02, 2014

100NP14logo4WebOregon Business magazine has named the sixth annual 100 Best Nonprofits to Work for in Oregon.


Read more...

Tight and Loose

September 2014
Wednesday, August 27, 2014
BY JENNIFER MARGULIS

As schools implement more rigorous academic standards, holistic and flexible approaches to K-12 education flourish.


Read more...

Private liberal arts education: superior outcomes, competitive price

Contributed Blogs
Tuesday, August 26, 2014
0826 thumb collegemoneyBY DEBRA RINGOLD | OP-ED CONTRIBUTOR

Why has six years become an acceptable investment in public undergraduate education that over-promises and underperforms?


Read more...

The Diaspora

October 2014
Thursday, September 25, 2014
BY LEE VAN DER VOO

Former newspaper reporters move into brand journalism.


Read more...

Podcast: Testing for Emotional Intelligence with John Hersey

Contributed Blogs
Friday, September 19, 2014
ivbU3sIXBY TOM COX | OB BLOGGER

How can you tell if you, a peer, a subordinate or a job candidate has the emotional intelligence needed to do well?


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS