Category My Real Estate Website

Fannie Mae Concluded Years Ago That Principal Reductions Could Reduce Losses

As much as I want to, I will refrain from including my personal opinion about DeMarco and his recent actions but I will say that this is unacceptable. Time and time again I hear loan servicers tell homeowners that they won’t be eligible for a short sale unless they are behind on mortgage payments. If […]

(Pending 7/7/10) Bend’s Best Buys – $134,500 in River Rim

(Pending on 7/7/10) This 3 bedroom/2 bath, 1482 sq. ft. home in River Rim was just listed today at $134,500. River Rim is a very desirable neighborhood in SW Bend with over 40 acres of open space, trails and parks with lovely mountain and meadow views. This is a short sale. The address is 19543 […]

Bank of America to start waiving deficiency rights

This is HUGE news for anyone considering a short sale with Bank of America. If you read my blog post titled “Short Sale Pitfalls” you should know that the key in any short sale is getting the lender to waive their right to pursue a deficiency. B of A was one of the lenders that […]

Housing Inventory Plummets in Bend

An inventory of 6 months is considered to be a balanced market. Anything less signifies a seller’s market and anything greater indicates a buyer’s market. For homes listed at $300,000 or less, which is the most active segment of the market, the inventory is currently 3 months. Bend’s median home price seems to have bottomed at $195,000 in April of this year and currently sits at $220,000.

Bend’s Best Buys – Formerly $1.6 million, now $639,900 (Now Pending)

I showed this home to some buyers when it was listed at $1.6 million. Now it’s bank owned and listed at $639,900. This 4100 square foot home was built in 2007 and has 4 bedrooms/4 baths, a bonus/media room with full bar, separate family room/loft area, formal dining room, detached 1 bedroom guest house, and […]

Bend’s Best Buys – West side remodel $279,900 (SOLD)

This new listing caught my eye since I drive by this house regularly. It’s located at the corner of 14th and Jacksonville on the west side. This 3 bed/2 bath, 1830 sq. ft. home was built in 1919 but recently remodeled. Some of the upgrades include granite counter tops, alder cabinets, distressed hickory and tile flooring, and […]

December 2008 Real Estate Statistics

There were slightly more pending sales and sales in December compared to November. The majority of home sales continue to fall in the $200,000 – $300,000 range. Not a single home sold over $600,000. View the complete statistics here: December 2008 Home Sales