News Headlines for Portland, Oregon :
We are excited to be bringing you this section regarding Portland Real Estate News Headlines. We hope you enjoy it as much as we enjoyed writing about it.
2/2/2012
Hoyt Street Properties Get's Fined by Oregon DEQ for Christmas Horses
Do you remember that really cool horse show with incredibly beautiful horses, acrobats and actors that took place in the Pearl District around Christmas time? Well Oregon's Department of Environmental Quality is not happy with the way the show disposed of gravel. The fine was $4941 for water quality violations and was charged to Hoyt Street Properties who is the owner of the land. DEQ claims that because the gravel did not go through an appropriate washing it could put fish habitat at risk.
To catch more of the FOX 12 Article
1/30/2012
Anthony Tuomi Pleads Guilty to Screwing Over Investors To The Tune of $5,000,000
Anthony Tuomi was the Chief Financial Officer of Willamette Development Services. Willamette Development Services was an real estate development company headquartered in Albany, Oregon. The original purpose of the company was when it was founded in 2006 was for building commercial and residential homes across the Willamette Valley.
To catch more of the KOIN local 6 Article
1/22/2012
New 6 Story South Waterfront Building Going Begins Construction
This is an affordable housing project. The project costs are estimated at $50,000,000 and will house 209 residents that meet the eligible income requirements. Also Veterans get 42 of those units who earn less than $15,000 a year. The South Waterfront has been a neat area to be apart of over the last decade. They have many really nice residences in 6 different high rise condominiums buildings. A few of the buildings are for owning and the other buildings are for renting. It's a perfect place to live if you work at OHSU or the VA. Simply walk to the gondola and take it to work.
To catch more of the KATU Article
1/18/2012
Is Your Rent Going Up You Need An Affordable Place to Live? Partner with Proud Ground!
Proud Ground is a non profit company started in 1999 to keep homes affordable forever. Using creative financing with a various grants, loans, and trusts Proud Ground is able to help Portlanders get into affordable quality (many times new) homes. Pohl Real Estate, LLC has personally worked with Proud Ground to get a client into a home in Gresham. Our client has a disability, very low fixed income through social security and receives section 8 money and through a combination of programs we he was able to purchase his first home. He would not have been able to purchase if it were not for Proud Ground and various others partners.
To catch more of the Oregonian Article click here
Here is a link to Proud Ground
1/5/2012
Staley Purchase Finalizes Work on the Staley Agreement
James Staley has waited for this day his entire life. Through partnership with many organizations his dream of home ownership came true. Mr. Staley has a developmental disability that mainly affects his speech, but through a mass community effort involving, Community Vision, Proud Ground, City of Gresham, SHOP Program, land trusts, grants, gifts from his Mom and late Father, Freddie Mac, HomeStreet Bank, Pohl Real Estate, and a victory in the class action suit the Staley Agreement, Jim was finally able to walk into his new home before Christmas. One requirement for one of the grants was that he had to get community volunteers to help him work on the house after purchasing. Jim is one of the most likable guys you'll ever meet; he had about 30 volunteers from family and friends show up to move bark dust, grade the landscaping and drainage, fix lights, weatherize the home, paint, and clean up. We are honored to have helped Jim purchase this home.
To read the Gresham Outlook article (Picked Up By the Portland Tribune) and the details of my client's purchase click here
12/29/2011
City of Beaverton Wins A $1,000,000 Grant
The name of the Grant is the Sustainable Communities Challenge Grant and it was issued by the US Department of Housing and Urban Development (HUD). The grant's purpose is to help eight key elements of the Civic Plan which was adopted in April of 2011 by the City Council. This grant among other things will help with creeks and natural resources, streetscapes, parking and use, development for the Beaverton Round and Westgate sites, creation of desired development styles, and integrating affordable housing into future development plans. Lots of organizations are partnering up.
To catch more of the article click here
12/23/2011
With Foreclosures Mounting, Experts Say To Reduce Principal On The Loan
Some experts say the answer to our nation's financial woes all tie into the real estate crisis and it's not enough to reduce interest rates but but banks need to reduce principal balances owed as well. The arguments for this approach are by reducing the principal balances to normal levels based upon today's values banks would avoid the many of the foreclosure costs and the homeowners would be able to have extra income to be able to jump start the economy again. The thought is if you have more money to spend and some peace of mind you'll spend it. They claim it can be better for the investor as well because they incur most of the costs in a foreclosure such as legal fees, maintenance costs, sales costs and more. Instead of forking all the money out for foreclosures they should reduce the principle balance and avoid foreclosure and get the homeowners spending money again. Banks and Investors who own the value of the notes disagree with the principal reduction idea, their stance is a deals a deal. If you allow a principal reduction when does it end and then everyone in the entire nation will be coming to get their principal reduction as well.
To catch more of the article click here
12/14/2011
Blackwood Homes Survives Fallen Builders
A quote from the owner Nathan Kairns as stated in the Oregonian, "People are so doom and gloom on housing, but we’re doing really well," he said. “We didn’t have a lot of inventory when things turned bad, and we’ve been able to come in and buy land at a corrected price and are building a good product." He further states that prices may be the same from builder to builder but the product can be widely different and he attributes that to his success.
To catch more of the article click here
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