WHY THE LACK OF FORECLOSED PROPERTIES ALL OF A SUDDEN?

If you are a buyer interested in purchasing foreclosed Central Oregon real estate, you may have noticed that there are few all of a sudden? This is not by chance. Here's the scoop:





Due to a recent court case, banks must now "prove" ownership of real estate properties they have foreclosed on in order to sell these properties with insured titles to buyers. (Obviously this is the Reader's Digest version of what is going on.) With all the massive foreclosures taking place and with loans being bundled and sold, title transfers on foreclosed properties often have not been recorded properly as of late. So many pre-foreclosed property owners have received rescission notifications. These foreclosures were for non-judicial foreclosures which means the banks are not suing the sellers for the deficit -- this has been a real great deal for sellers in default. Banks will be restarting the 120 day foreclosure process when a clear title has been properly recorded. It is very possible that banks will come back with a judicial foreclosure notification which would not be good for the default seller.





What does this mean for you?





If you (or someone you know) are a seller of a "short" or delinquent property, you should focus on using this extra time to successfully short sale your default property. Avoiding foreclosure is to your financial advantage and avoiding judicial foreclosure is also to your financial advantage. So, get it sold!





If you are a buyer, less foreclosed properties will be available to you. More short sales will be for sale but now banks should be more motivated to sell these short sale properties. If banks approve short sales, they will get more money, they get their money faster and without law suit possibilities.





Also, less foreclosures means less properties for sale. Fifteen percent less. For sellers, this could be good. For buyers, there will be less selection and less motivation by the seller to accept less than full price offers.





Does this mean our values will stabilize? I personally don't believe these events reflect a stable market.....just more craziness which leads me to believe even more craziness is to come. SO, chin up! Smile! And, Hang on Partner!


Contact Teri Green for more information at (541-350-8424) or email at greent@hasson.com

OR you can visit my website at www.BendOregonRealEstatePLUS.com

All the Best!

Teri

Tillacum Village Remodel!

If you enjoy Tillicum Village in Bend Oregon, you will want to check out this home. Copperline Homes LLC has done a fantastic job with this remodel. It's on a large lot with common area yards, large trees and a rustic high desert feel when you walk thru the neighborhood.

In contrast, the interior of this home has a refreshing
modern flair! Granite counter tops throughout the kitchen with a crisp white tile backsplash. The stainless steel appliances add the perfect touch.

My favorite is the rustic yet modern metal bar. The combination of the new and the old just appeals to me.

Throughout the home, Copperline Homes LLC has replaced all the flooring with either tile or carpet. All the fixtures, vanity sinks, closet doors, interior doors and their hardware are fresh and new as well. It smells, looks, and feels like a new home and is listed for $209,000.

I also like the new gas fireplace with the metal mantle in the family room.....such a nice touch guys!

If you'd like more information on this Bend Oregon home, give me a call. My name is Teri Green and I can be reached at 541-350-8424.

Or, you can visit my website at www.BendOregonRealEstatePLUS.com and connect with me there. It would be my honor to assist with your real estate needs.

Teri Green

Broker

The Hasson Company Realtors

greent@hasson.com

Great Home on HALF ACRE Lot IN Bend!

For lots of pictures and detailed information, visit:
http://BendOregonRealEstate.hasson.com/

If you've been searching and searching for a great home on a HALF ACRE lot in Bend, Oregon, this may be it! This is a wonderfully charming single level home with a huge back deck and a large fenced lot with plenty of room for your RV and toys with a cozy home interior. This is a nicely landscaped three bedroom and two bathroom 1883 square foot home with a larger family room/study that has a double door entry and hard wood floors. The livingroom has a natural vent fireplace and lots of windows to enjoy the daylight and the large privage back yard. This home is air conditioned and has a new septic tank installed. If this type of setting sounds like what you've been looking for, give me a call! I can best be reached by calling my cell: 541-350-8424.

If you have other real estate needs, I would be happy to assist with those as well or you can visit my website: http://www.BendOregonRealEstatePLUS.com/ for helpful relocating and other real estate information.

OR, you can always email me at greent@hasson.com and it would be my honor to assist you with your real estate needs.

Teri