Living Beaverton - Your guide to everything Beaverton

As prices are falling and people are finding themselves out of work, people are looking for ways to make money any way they can to avoid foreclosure. Over the past couple years in Northwest Portland we have an area known as the Pearl District. It really has become an up an coming area with many new condos and fancy shops being put in, but just like everywhere else prices started to drop and the market for these high end condos also dropped.

Now, the economy is even hitting these people that a few years ago could afford these very luxury condos, but now are finding themselves out of work and looking for any way they can to keep their condos until they can find a new job. Well, it seems some have managed to find away to do exactly that.

You see, in Portland parking is at a premium and a lot of people bike, but these condos were sold with a parking place and sometimes even two. The residences are now starting to sell these premium parking places and helping themselves pay for their mortgage for sometimes up to 10 months, that is a lot of time to find another job. I know I wish I could sell my parking place for that much, I could walk six blocks if it meant having 10 months worth of mortgage payments paid.

I applaud these residences of Portland for coming up with this very creative way of avoiding losing there homes and keeping yet another short sale or foreclosure from hitting the market and making the home prices fall even more. I hope you find that job soon!


Todd Clark - Broker / Sales Coach
Palazzo Realty Group
Phone: (503)524-9494
Fax: (503)622-8739

©2009 Todd Clark - Creative ways people are avoiding foreclosure in downtown high rises

Todd Clark and the Friendly Home Team
Knipe Realty
Todd@IFoundYourNewHome.com
Phone: (503)524-9494
Fax: (503)622-8739

 

 

 I am a licensed Realtor who specializes in Washington County, Oregon and also work in both Clackamas and Multnomah Counties including the cities of Aloha, Beaverton, Canby, Clackamas, Gladstone, Gresham, Happy Valley, Hillsboro, Milwaukie, Oregon City, Sherwood and Tigard.
All information contained in these posts are copyrighted and cannot be used without prior written approval authorization from the author me Todd Clark. If you are looking for an outstanding agent please give me a call I would love to help you with all your real estate needs.

 

What if there was a way you could search the MLS for FREE just like Realtors

Now you can access the MLS using similar tools as Realtors. You are in control of what you want to search for, and you can search the MLS at your leisure. The information you submit in the form below can also be used to put you on an automated system where you'll be emailed all homes that meet your search criteria. You'll get internet access to a website that includes pictures, prices, and addresses to real estate that's listed in the MLS!

Click here to start your FREE home search now