While out previewing homes for some of my clients the other day I came across a couple who came straight to the point by asking " Just what are REO's, BPO's and Short Sales?
It was a fablous question and one that I think that not many people would truly be able answer. Oh I can imagine that there are quite a few people who could fake the answer but how many truly do know the answer?
To that end I wrote this post on my outside Blog. I followed up that post with a very nice assortment of Portland Oregon Homes offered as Short Sale Listings in a variety of different areas and neighborhoods.
I know what your going to say " SHort Sales , Arggh!" Well I am here to tell you that the Short Sale stigma is not as bad as one would think. In fact in our office I found that 65% of all of our transactions this last month or so have been Short Sales.
In the last few weeks I have also seen a significant increase in Foreclosed properties. That means that REO inventory in and around Portland Oregon will soon take up a major portion of our business as well.
Stop By take a look and let me know what you think. Do you know your REO's, BPO's and Short Sales?
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Herb Hamilton is a Licensed Real Estate Broker in Oregon
