Thinking of short selling or not sure what do here are a couple websites to check out;

Know your option by Fannie Mae 

State of Oregon and Foreclosures 

On Nov. 18, 2011, at the request of NAR and the American Land Title Association (ALTA), Freddie Mac amended its policy regarding its mandatory short sale affidavits.

The purpose of the affidavit is to prevent fraud by requiring the buyer, the seller, the real estate brokers, the escrow/closing agent, and any transaction facilitator to make various certifications (including that the short sale is an arm’s length transaction and the buyer will not resell within 120 days unless there are substantial improvements). Servicers are required to implement the changes by Jan. 1, 2012, but are encouraged to do so immediately. Each servicer covered by the policy must update its forms to comply with the revised policy.

 To read more http://www.freddiemac.com/singlefamily/news/2011/0906_ala.html

The Top10 HAUNTED HOMES for sale!

 http://www.toptenrealestatedeals.com/homes/weekly-ten-best-home-deals/2011/10-25-2011/

Keep up with what is going on with the local real estate on facebook at Shannon Hall-D & D Realty Group LLC-Principal Broker, push the like button on the left hand side

Do you want to stay updated on the local trends?

Sign up for monthly newsletters today;

Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 2,476 Oregon properties in November, down 34 percent from the previous month and a 13 percent drop from the level reported in November 2009, according to the latest RealtyTrac^® U.S. Foreclosure Market Report.  

Foreclosure filings were reported on 262,339 U.S. properties in November, a 21 percent decrease from the previous month and a 14 percent decrease from November 2009, according to the RealtyTrac November 2010 U.S. Foreclosure Market Report™. “Foreclosure activity decreased dramatically in November,” said James J. Saccacio, chief executive officer at RealtyTrac. “Fallout from the foreclosure robo-signing controversy forced lenders and servicers to hit the pause button on many foreclosures while they scrambled to revamp their internal procedures and revise or resubmit questionable paperwork. complete story