Eagle Point, OR

Eagle Point Short Sale Approved and Closed!

Amount owed: $180,000

Sold for: $156,850

Hardship: Loss of income due to economy. Rental property.

If you know someone in Eagle Point or Southern Oregon that is in danger of foreclosure, an Eagle Point short sale can be a great alternative.

Call or email Jared Hokanson at 541-772-SOLD (7653) or jared@jaredhokanson.com if you want your home SOLD in Southern Oregon - Ashland, Phoenix, Talent, Medford, Central Point, White City, Eagle Point, Gold Hill, & Grants Pass.

The opinions expressed on this blog are my own. As in all real estate transactions and financial decisions, I recommend that all of my clients consult the appropriate legal and financial professional advisors.

Southern Oregon - Eagle Point Short Sale Approved and Closed!

Lender: First Horizon Home Loans, now Met Life Home Loans

Purchase price: $185,500

Amount Owed On Original Loan: $250,000

Hardship: Loss of income due to decreased hours at work

Even in this "slow" market, we received multiple offers. I was given this referral by another agent that knew I could take care of his client. We listed it just a few weeks before the foreclosure sale, got the offer into the sellers lender with the full Southern Oregon, Eagle Point short sale package, and then got the Eagle Point foreclosure delayed while the sellers lender reviewed the short sale and then eventually approved the offer. The sellers had tried to do an Eagle Point Oregon loan modification, to no avail, so I was given the short sale referral just in the nick of time. I always recommend contacting a realtor sooner rather than later if you find yourself in a situation where you are falling behind on your house payments and make sure you know the options that are available.

Congratulations to my clients, I am excited for them to be able to put this behind them and move on with their lives!

$179000 / 3br - Stunning Condition!!! (Eagle Point) (map)

Reply to: 541772Sold@Gmail.com ^{[Errors when replying to ads?]}
Date: 2009-06-30, 4:35PM PDT


Stunning Condition!!!
Type: Single Family Home
Location: 629 Barton Road, Eagle Point, OR 97524
Bedrooms: 3, Bathrooms: 2 full, 0 half, 0 three-quarter bath
Price: $179,000
Description: Stunning condition! This home is immaculate. Open great room with vaulted ceiling. Gorgeous kitchen with raised bar, pantry and laminate flooring. Master suite with vaulted ceiling. Master bath with double vanity and tile floors. Full sprinkler system. 2 car garage.


Visit www.TopSouthernOregonAgent.com for more information.

Contact Information:
Jared Hokanson
RE/MAX Realty Group
2594 East Barnett, Suite B
Medford, OR 97504
Phone: 541-772-7653
Fax: 541-734-5559
Email: Jared@TopSouthernOregonAgent.com



629 Barton Road (google map) (yahoo map)

Can a home buyer looking to purchase a home in Eagle Point Oregon still find 100% financing? You bet! The variety of program options we have had available to us in the past are not as prevalent, but there are options available, such as the Federal VA Home Loan program for eligible Veterans and the USDA Guaranteed Rural Housing program. These are not subprime mortgages; rather they are long standing programs that buyers' mortgage consultants just haven't told them much about for the past several years.

Let's take a look at how a buyer looking to purchase a home in Eagle Point Oregon who meets the current income criteria shown below may successfully become a homeowner using the USDA Guaranteed Rural Housing program, using this 30 year fixed rate loan that does not require mortgage insurance.

Medford, OR MSA GUARANTEED HOUSING PROGRAM INCOME LIMITS
STATE: OREGON ------------------- A D J U S T E D I N C O M E L I M I T S -----

1 PERSON 2 PERSON 3 PERSON 4 PERSON 5 PERSON 6 PERSON 7 PERSON 8 PERSON*
MOD.INC-
GUAR.LOAN 49550 56600 63700 70750 76400 82050 87750 93400

Say, this buyer is a family of 4 persons and is looking at an Eagle Point home that is selling for $280,000. This home cannot be a condominium, townhome or existing manufactured home (even if it is on land) - it needs to be a detached, single-family residence. If the 30 year fixed interest rate on the USDA Guaranteed Rural Housing program is at 6.50%, the monthly payment would be roughly $2,070 including principal and interest and estimated homeowners insurance and property tax payments. As long as your other payments are in line, this 100% financing program just might work in Eagle Point Oregon!

Many homes are available in Eagle Point Oregon, like 74 active listings for 2+ bedroom homes priced from $90,000 - $280,000!

(Dark Orange areas of map are not eligible for USDA Guaranteed Rural Housing Program)

Since this program works outside of Medford and Central Point (doesn't work in these city limits since they are not rural), there are many more options available for the serious buyer willing to expand the area they wish to buy in.

Are you a serious buyer? Do you want to take advantage of the $7,500 tax credit you may be eligible for before it expires in July 2009? Do you want to take advantage of historically low interest rates before we all end up having to pay for the costs associated with the bailouts that I believe will eventually carry over to us all and raise interest rates? What are you waiting for!? Shut off the TV and Radio, get preapproved by an ethical, trustworthy mortgage professional today, and go get your home!

See you at the closing table!

Karen Cooper - OR/CA Mortgage Consultant - www.Quality4Loans.com

If you are looking for Italian food voted as Readers' Choice year after year through the Mail Tribune, and would like to enjoy your meal in a lush old world setting at a location on the Eagle Point Golf Course, look no further! If you are like me, and like to see how far you can stretch your dollar, Vinny's Italian Kitchen has Early Sunset Dinner Specials Tuesdays through Saturdays from 3-5p.m and Sundays from 1-5p.m. So, book your tee time, and plan to head to Vinny's afterward for a great meal!

See you out there!

Karen Cooper - OR/CA Mortgage Consultant - www.Quality4Loans.com