create.communicate.connect

Neighborhood Notes

pearl district

Click on one of the quadrants above to locate your own neighborhood.
...our website for information.
...to receive our newsletter.

categories:

news by month:

pearl district news...

October 9,2008

Former Mortgage Broker’s Home Takes The Prize For “Most Desperate Seller”

by Agent503
Not too long ago this prestigious 7000 sq. ft, 6-bedroom Mt. Tabor home was included in the National Register of Historical Places. It is now bank-owned and has become the mockery of several Portland real estate blogs. The property went on the market in May 2007 for 1.8M. Fifteen months later it is now priced at 899k, a whopping 53% less - the biggest drop among the 160 properties tracked in Portland's Desperate Sellers Database. The bank took over this property when the owner, a local mortgage broker, was unable to...uhmm...meet his obligations. If that ain’t a sign of the times…

Find out more about this month's real estate activity and other Desperate Sellers here.
posted at 09:45 AM 2 comments
categories: land use+planning
tags: real estate
Comments:
Libby - October 13, 2008 12:07 PM
Is this your way of saying neaner neaner neaner. Rude. Yes, its true people have gotten in over their heads.. but gloating about it when they do is not cool.
lynnette - October 13, 2008 01:38 PM
I don't think this is what the author intended. I'm sure he'll weigh in though. Thanks!
Add a Comment:

aboutpearl district

sammy's flowers
©Kenneth Aaron, Neighborhood Notes
See Sammy's Flowers in the Pearl
 
Neighborhood Association
Board Meetings
6pm, 2nd Thursday of each month
Pacific Northwest College of Art
1241 NW Johnson St.

Committee Meetings
Planning
1st & 3rd Tuesdays
6pm, PNCA
1241 NW Johnson St.

Transportation Sub-Committee
2nd Thursday of every month
3:30pm, Ecotrust
721 NW 9th Ave.

Livability
currently inactive
 
Communications
Last Tuesday of every month
6pm, Umpqua Bank