Medford, OR

Medford Oregon Short Sale Approved and Closed!

Lenders: Countrywide (Bank of American); Key Bank

Sold For: $224,900

Amount Owed On Original Loans: $267,000

Hardship: Decline in income

Fabulous clients who had taken out a 2nd mortgage to help pay for their daughters education. The home had been on the market for nearly 3 years prior to our listing the property. NO OTHER AGENT had talked to them about doing a short sale on their Medford Oregon home! The sellers found me through my online blog about Short Sales in Southern Oregon and in Medford Oregon. They had tried a loan modification and were able to get one of the loans modified, but as happens with so many loan modifications, the payments still were too much as their income continued to decline. We were able to promptly get an offer and get the short sale close in a timely manner.

New Medford Oregon Vacant Property Ordinance Does this Effect Short Sales &/or REO's?

According to today's http://www.mailtribune.com/apps/pbcs.dll/article?AID=/20090924/NEWS/909240318 it sounds like all homes that are vacant in Medford Oregon, for whatever reason should be registered with the city. I just spoke with the Medford Code Enforcement Department on the phone and they indicated this is NOT the case, it is designed for abandoned homes to make the lien holder responsible. The actual code can be found at http://www.ci.medford.or.us/CodePrint.asp?Branch=True&CodeID=4409.

So how does that affect your Medford Oregon short sale? From my conversation with the City of Medford and from my interpretation of the code itself, it is strictly designed for the lender, not the actual homeowner. Once a homeowner is in default on their loan, it is the lenders responsibility to keep regular tabs on the property to determine it being kept up and secured. If the lender does not register the property, the LENDER can be fined up to $250 per day for a violation of this code, according to the Mail Tribune.

How does that affect a Medford Oregon REO or Bank Owned Foreclosure? Lenders beware, it could be very costly in the City of Medford to have a vacant property. They have options, pay the penalty, upkeep the property, and register the property with the City of Medford.

If you live in the City of Medford and see a vacant property feel free to call the code enforcement division at 541-774-2016 to help keep Medford a cleaner and safer community. For free information on Medford Oregon Short Sales and/or Bank Owned Properties, feel free to call my direct line at 541-772-SOLD (7653) or visit me on the web at www.topsouthernoregonagent.com.

(The above information is courtesy of Jared Hokanson Realty Group PC and is the personal opinion of Jared Hokanson, it is not intended as tax and/or legal advice, please consult the appropriate tax and legal counselors regarding your specific situation)

Amazingly Gorgeous 4 bedroom!
Type: Single Family Home
Location: 3312 Cloie Anne Court, Medford, OR 97504
Bedrooms: 4, Bathrooms: 2 full, 1 half, 0 three-quarter bath
Price: $325,000
Description: Absolutely amazingly gorgeous 4 bedroom home on a cul-de-sac. Beautiful grand entry with high ceilings and hardwood floors. Formal dining room and seperate breakfast nook. Gourmet kitchen with lots of cabinets, granite countertops, undercounter lights, large pantry and stainless steel appliances. Upstairs luxury master suite with vaulted ceilings, large walk in closet, and huge private deck overlooking the valley. Spa like master bath with jetted tub, double sink, tile counter tops, and tile surround. Enjoy the views from your choice of two patios.


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



3312 Cloie Anne Court (google map) (yahoo map)

A Classic & Elegant East Medford Home!
Type: Single Family Home
Location: 1538 Pebble Beach Court, Medford, OR 97504
Bedrooms: 4, Bathrooms: 3 full, 0 half, 0 three-quarter bath
Price: $424,900
Description: A classic and elegant East Medford home! This home features a 3 car garage and detached 2 car garage/shop. A rare 4 bedrooms + office and 3 full baths. Open gourmet kitchen with island adjacent to family room with fireplace. Large new deck. Fully sprinkled landscaping on quiet cul-de-sac.


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



1538 Pebble Beach Court (google map) (yahoo map)