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Aaron Majors. Principal Broker

How to Stop Foreclosure in Portland when you can't refinance

I have been working in Portland as a Realtor since 2003. Even so I started in the Real Estate boom I have a ton of expierence with Foreclosures. One of my first clients was an investment company that specialized in foreclosures and thus my training began. I worked really hard and by the end of my first year in Real Estate I closed 18 deals. The rest is history. I am now a Principal Broker at M Realty and own / operate PortlandHomeAuction.com. Being a listing specialist and being in a housing crisis it seemed natural to start selling distressed properties. I wanted to take a minute to share some things about foreclosures since there seems to be a need for help with foreclosure in Portland. I would first like to say that it is not the end of the world and that now is the time to start dealing with it. So here is some of the first things you need to do:

  • Regroup and take control.
  • Call your lender and explain that you are trying to prevent foreclosure and would like to know what your options are.
  • Start a budget.

Now that your in control you just need to decide on your best option. One option would be to short sale your home. Even if you owe more than what your home is worth we can help you. Short Sale services are free because your lender will pay us. Once we are working with the lender, things will move along just like a normal real estate transaction but it will take just a little bit longer. Once we get an offer we will take it to the bank for approval. At this time the bank will accept, reject, or counter the offer. If the bank accepts and approves the short sale then your remaing balance will be forgiven. Here the difference between a foreclosure and a short sale:

  • A foreclosure will hurt your credit about 240 points
  • A short sale will hurt your credit about 80 points

I know losing your home is a difficult situation and I will compassionatly help you through the process. You can email me for a free and discreet consultation at info@PortlandHomeAuction.com

Warm Wishes,

Aaron Majors

Principal Broker - Listing Specialist

Stop Foreclosure in Portland - Foreclosure Help in Portland - CLICK HERE -

STOP FORECLOSURE

3 reasons to call me:

  1. Explore Your Options
  2. Save Your Credit
  3. Keep Your Equity

There is no reason to let the bank foreclosure. You do have options. We offer FREE short sale services for homeowners facing foreclosure. Our team specializes in saving people from foreclosure and we can help you too. We are full time, expierenced Brokers licensed in the State of Oregon.

We Can Help Stop Foreclosure here

Here you can research, learn, ask questions and explore all your options. There is no cost to the home seller if we do a short sale, the bank will pay us. Good people need second chances too. Our mission is to carry the burden for home owners in the Portland Metro area that are facing foreclosure. We are local and licensed Realtors that specialize in distressed properties. Our services are free when we short sale a home.

Ways to Stop Foreclosure

  1. Sell Your Home - Start interviewing agents and get a market analysis to find out the fair market value of your home and the days on market average. You might be tempted to hire a discount broker.. Often times these discount brokers have limited exposure and little experience. Find an experienced agent with global exposure to maximize your success. Often times a home owner will benefit from a full service Broker that can sell the home faster and for a higher price.
  2. Consider a Short Sale - If you owe more than your home is worth, then you may be a candidate for a short sale. This does effect your credit, but not like foreclosing. You and your Agent will work with the lender to see if you qualify. If your home qualifies for a short sale, then Our Services are FREE.
  3. Sign a Deed-in-Lieu of Foreclosure - This is deeding the home back to the bank and the bank forgiving the balance of the loan. This can effect your credit the same as a foreclosure. If a home owner does this, then it is recommended that they ask the lender to stay in the home until they find a new place to live. I feel this should be a last resort for homeowners.

We are not investors

We do not capitalize on your loss. We evaluate your home and determine if there is any equity in your home. If there is, then YOU keep the profit from the sale of your home. Many times investors will offer to “save” you from foreclosure with the intent to under pay you for your home and capitalize on your misfortune. Sometimes making tens of thousands of dollars. You deserve quality and dedicated representation.

What We Do:

Our goals are simple, to help You Stop Foreclosure. As experts in the foreclosure business we help you find a strategy that will help stop foreclosure. We are not investors that try to profit on your situation. Stop your home from being sold on the courthouse steps. We use a series of proven strategies to help stop foreclosure that have proven results. We evaluate your situation, determine the best strategy, and put that plan into action for you.

How to Contact Us:

  • Hit the “Save my Credit” button on the left
  • Send a message in the box on the right
  • Call Us directly at: 503-332-9777
  • Email: SoldByAaron@gmail.com

3 ways to STOP Foreclosure:

  1. Don’t ignore the problem - The longer you put this off the harder it will be to deal with the problem later. It will also take cost more and take longer to catch up or reinstate the loan.
  2. Talk to your lender - Talking with your lender will let you explore your options and understand them.
  3. Budget - Make a budget, and cut back.

Advantages of Selling Your Home

Apart from saving you from the foreclosure, selling your home to get out of debt does offer a number of different advantages. One of which is that you would be able to pay back your loan or mortgage as well as some or all of your debt. This would allow a fresh start after selling your home.

What to Consider when Selling Your Home

Once you have decided that selling your home in order to pay off your outstanding debt to avoid a foreclosure is the only option that you have, there are some things that you would need to first take into careful consideration.

  1. Your Real Estate Agent’s Reputation. Although reputable real estate agents do not come in cheap, they would be able to ensure that you get the best deal for your home. This is particularly important since you would always have to take into consideration that the primary reason you are selling your home is to pay off your outstanding debt in order to prevent a foreclosure.
  2. Determine Your Property’s Value. The price you are willing to sell your home would also determine on just how soon you would be able to sell it.

Limitations of Selling Your Home

While selling your home may already be a major decision for any homeowner facing an impending foreclosure to do, it still has its limitation. This limitation is dictated by the amount of your outstanding debt. If you determine that your home is going to be selling for an amount lower than the total outstanding debt you currently have, then you should consider a short sale. Another way you can go around this is through the use of a Deed Foreclosure in Lieu. Instead of selling, you are offering the deed of your home directly to your creditor or financial institution as a form of payment for your outstanding debt.

Avoiding Foreclosure

When Portland Home Owners are facing foreclosure it seems very difficult to deal with the problem head on, but that is what’s needed. You must face the situation, weigh the options and make a decision. For some, that’s already too late. We clearly explain some of the options available here and provide services to sell your home fast. Foreclosure is not unavoidable and depending on where you are in the process will determine the steps you need to take to avoid foreclosing on your home.

What We Help you understand

  • What foreclosure and loss mitigation is and how it works in your situation. Do you qualify?
  • What the best options are before you sell.
  • How to prepare documents to submit to the lenders. What to expect from them.
  • Is there a Government rescue plan that will stop your foreclosure?
  • How you get the lender to stop calling and harassing you.
  • Learn the nuts and bolts about short sales.
  • Learn why short sales can help 91% of the time.
  • Why you don’t have to pay for our services for a short sale.
  • Why investors do not have your best interest at heart.
  • Why should use a licensed expert in your State.
  • Scams to look out for and the dangers of not having representation.
  • What legal advice is available if needed.
  • Tax obligations
  • New legislation that may effect foreclosure.

Be prepared when you talk to your Lender

When you call your lender, be sure to have your loan account number in hand and be ready to summarize the financial difficulties that are taking place. Try to have your recent income statements and some kind of budget that will help you remember your household expenses. Be prepared to wait, be on hold, transferred and more than one conversation. You most likely will be required to complete a “work out” package. You might not be able to proceed without it. Compete it and send it back right away.

How To Help Stop Foreclosure

Do you need help to stop foreclosure? When you face foreclosure it can seem like the end of the world. Foreclosure doesn't only mean the loss of your home; it can also put your credit rating in the toilet. In today's economic climate many people are facing this situation, but you don't have to lose everything. There are several methods you can use to stop foreclosure. Help yourself by considering these options:

Stop Foreclosure With A Short Sale

The short sale is a common way to get stop foreclosure help. It's a good option if you owe more on your home than it is worth and it won't hurt your credit as much as foreclosure. It works like this: you sell your home for a bit less than it is worth and your lender forgives the remaining debt, leaving you in the clear. Not everyone qualifies for a short sale, so check with an agent to see if you meet the criteria.

Help Stop Foreclosure By Selling Up

Another way to help stop foreclosure is to sell your home before the lender forecloses. It always takes a while to go through the foreclosure process, so assess the value of your home and get an experienced real estate agent to put it on the market. Sell quickly and you could even end up with cash in hand.

The Last Resort

As a last resort, you could sign a deed in lieu of foreclosure, where you deed your home back to the bank and they agree to forgive any remaining debt. This will still hurt your credit a lot, so don't do this unless you really have to. If you have to take this option, get your lender to let you live in the property till you have found somewhere else.

Choosing An Agent To Help Stop Foreclosure

To get any of these processes underway and get help to stop foreclosure, your best asset is a reliable agent. This agent will assess your home and see what equity there is. The agent will also advise you on the best option so you come out with the best result: either in terms of credit or cash in hand. Choose this agent carefully. Find an agent:

  • who has an excellent reputation
  • who will not seek to profit from your misfortune
  • who understands the financial options
  • who is experienced enough to help stop foreclosure

If you get the right help, then you don't have to take a 250-point hit on your credit rating.

3 reasons to call me:

  1. Explore Your Options
  2. Save Your Credit
  3. Keep Your Equity

There is no reason to let the bank foreclosure. You do have options. We offer FREE short sale services for homeowners facing foreclosure. Our team specializes in saving people from foreclosure and we can help you too. We are full time, expierenced Brokers licensed in the State of Oregon.

REO Agent in Portland, OR - Asset Managers LOOK HERE -

Hi,

RE: My REO Services

My name is Aaron Majors, a Principal Broker and listing specialist here in Portland, Oregon. I am a conventional Realtor that uses conventional and un-unconventional methods to sell homes. I invite you to try our innovative home auction program.

  • We offer all REO Services
  • Cash for keys
  • Aggressive Marketing
  • Quick Results
  • Quick BPO's

I started www.PortlandHomeAuction.com as a creative way to sell my client's homes. I launched last summer and I can't even believe the success. I shifted with the market and started selling distressed homes and it really did seem natural after having started my Real Estate career working with an investment company that flipped foreclosures back in 2003. Not only has my inventory of homes grown, but also my database. See, I offer a feature called: "Auction Alert" where buyer's can get emailed instantly every time a distressed property comes available. Now after working like a mad man all summer. I have grown this database to hundreds of people. Some browsers, some active buyers, and a lot of investors.

If you are an asset manager of any kind or have an intrest to liquadate propety of any amount, then please call me directly at 503-332-9777. Time for a fresh look on the selling of property. We have the best marketing, professionalism and ethics.

Aaron Majors

www.PortlandHomeAuction.com

www.PortlandCondoAuction.com

Who We are:

We are Portland's #1 resource for REO, Bank Owned, Home Auctions, and short sales.

What We provide:

Full service REO Management, Marketing, Sales, and Auctions to liquidate any amounts of inventory in the Portland Metro Area including Washington.

MISSION:

To provide outstanding service and results to exceed the expectations of Lenders and Asset-Disposition Firms utilizing our superior real estate technology, systems, growing data base of savvy home buyers, and unmatched work ethic.

.

REO SERVICES:

  • Accurate Broker Price Opinions (BPO)
  • Cash For Keys Program
  • Multiple, Licensed, and Exceptional Agents (both for listings and buyers)
  • Evictions Coordination
  • Photos
  • Occupancy Checks
  • Re-Key services
  • GLOBAL REO Marketing and Sales
  • Showings
  • Aggressive strategies with proven results

How do We sell REO Properties So Fast?

We have carefully designed our business and marketing plans to cater to the strict deadlines which you deserve to have met. We work with banks, Asset Management Companies, Financial Institutions, and both private and public corporate Clients. Our ranking on Google is very high if not FIRST when savvy home buyers search for "Portland Home Auction", "Portland Foreclosure Auctions", and other key phrases when searching Portland for REO, Bank Owned Homes, Home Auctions, Short sales, and Portland Real Estate. Thus producing un-beatable potential for Your REO properties to be sold quickly. Over 80% of home buyers in Portland find their home on websites just like PortlandHomeAuction.com.


How does PortlandHomeAuction.com have such high ranking on Google?

We have a full time technology team that constantly updates, improves, and enhances our websites to be the leader of the Portland Real Estate Market. Combined with a full team consisting of Listing Agents and Buyer's Agents, Hard work, un-matched placement on Google and other search engines, and our Global marketing program maximizes exposure to the world and will achieve un-paralleled results. We are committed to being the very best and provide professional and ethical representation to our clients, especially in the disposition of REO Properties.


How we get the best Prices for REO homes

We combine technology with traditional (open houses) and creative methods (such as Home Auctions).

Please contact Aaron Majors directly at 503-332-9777 or email at: soldbyaaron@gmail.com

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Aaron Majors
Principal Broker
M Realty

2211 NW Front Ave, #101
Portland, OR 97209

South Waterfront Condos For Auction! September 20th

South Waterfront

It's official, Portland’s Condo market has crashed.. Well that’s my opinion. Condos have been sitting empty all over Portland. Even as I look out my office window I see unfinished condos sitting vacant. They’re everywhere! This is a huge dicicator of distress (not that we didn't know that already). The Atwater Place condos in the South Waterfront will be auctioned off with reserve prices less than half of what they were valued at in 2007 when the building was constructed. The development company built 212 condo units 23 stories high. This project is on the auction block. The date is set for Sept. 20th starting at 4pm at the Marriott Portland Downtown Waterfront.

A Company called “Accelerated Marketing Partners” will be doing the auction. I'm estimating around 800 unsold condo units in newly constructed buildings downtown. Yes.. you heard it correctly. 800. Talk about massive inventory. We’re drowning in condos. This auction is a good thing. It will put things in perspective for the people of Portland. We are in a condo crisis for sure. Supply & Demand. It's that simple. Too much supply meand cheaper prices for you. According to an announcement for the auction, one bedroom condo units boasting 1,318 square feet are for auction with minimum bids starting at only $169,000.

So let’s compare this to the units that were sold in November and December of 2007. Back then, Atwater Place sold 10 condo units with a range of square footage between 1,200 to 1,300. These condo units sold for prices of $472,000 to $640,161. That's outrageous by today's standards! Huge discounts are being offered. Two bedroom condo units will be starting at $269,000. The riverfront residences will start at $699,000.

The building has been open since January 2008. Units are available to view from 11 a.m. to 7 p.m. daily. Registration is fast and easy. Email me for more details at SoldByAaron@gmail.com or you can use the contact form located on the right. You can even call me if you like. My number is 503-332-9777.

Take care and Good luck friends.

Aaron Majors