I talked before about the MERS issue and MERS rulings causing problems for real estate in Oregon not too long ago. Recently, the appellate court dealt a blow to banks by indicating that the non-judicial foreclosure laws have not been followed for MERS involved properties.  This issue will move on to the Supreme court to set the tone […]

Read more...

Useless data.  I live for it.  What can I say?  When running the normal foreclosure numbers for you all, I decided since I have all these numbers just sitting there, I needed to do something with it.  So here you go, Melina’s fun facts about foreclosures in Salem Oregon.  Okay, I know what you are […]

Read more...

I would love to stop talking about foreclosures,  personally.  It would mean that Salemites are no longer under financial duress, but unfortunately with our current employment problems this will probably be an issue for a while. Salem Oregon Foreclosure Rates I don’t think you need to be a Salem Oregon real estate agent to know […]

Read more...

As the third quarter has come to an end, we can get a better look at a lot of our local  real estate data.  I’ll write some posts about our small cities in the next two weeks, but wanted to focus this post on Salem Oregon again, specifically looking at the foreclosure data. The rise […]

Read more...

Foreclosures, short sales and bargains on the brain. I get this. Buyer’s want deals and with the national news out there with some areas hit by tons of foreclosures, it is easy to see why buyers think every home is in foreclosure.  So here’s the deal…well at least the deal for the 30 minutes it […]

Read more...

RealtyTrac comes out with national foreclosure data every month, and according to their latest report, Oregon ranked #5 for foreclosure rate with a 1 in every 357 homes being served with a foreclosure notice. What does this mean for Salem Oregon home buyers and sellers? Foreclosures are definitely running hotter in general.  Foreclosure notices in […]

Read more...

The face of foreclosure

Foreclosure…short sales…these are common words these days.  Buyers specifically ask about these homes as they are perceived to be a good deal. The rate of foreclosure has gone up in Salem Oregon and will continue to rise in 2009.  Right now 3.8% of the listings on the WVMLS are designated as short sales.  There are […]

Read more...

Okay..I’ve had some request for foreclosure data specifically regarding our local areas. As I was crunching this data today and working on the charts, I was checking the MLS for new homes for buyers.  As I pulled 14 listings for a buyer today, 3 were designated as short sale attempts. I can say that is […]

Read more...

I haven’t blogged about foreclosure rates here in Salem Metro so it seemed like it was about time. RealtyTrac is a real estate site dedicated to the foreclosure process, whether it is short sales or just notice of defaults. According to their July stats that were released on the 14th of August, Oregon ranks 21st […]

Read more...

The Salem market made a swift turnaround, like many areas of the country.  In May, it was the best home sales (for single family homes) for three years and it was only eclipsed by the year that there was the tax credit deadline for June.    Spurred by low interest rates, a housing price bottom, […]

Read more...