Know Your Real Estate Disclosure Laws Before You Sell Your Home

Loan By Chad Blog

Know Your Real Estate Disclosure Laws Before Selling Your Home

When deciding to sell a piece of Scottsdale real estate, there are certain things you must disclose about the property to the buyer before the sale can go through.

Disclosure laws are put in place to protect the buyer from unknowingly purchasing defective property. Not disclosing certain information about the property can jeopardize the sale, or worse, invite a lawsuit.

This has become more of an issue lately as some sellers are tempted to gloss over deficiencies in the home they are selling in order to try to get a higher sales price.  In fact, a recent poll of real estate agents showed that 75% of agents ranked non-disclosure among the “top three current and future issues.”

What You May Need To Disclose

The main items that need to be disclosed are any defects with the home. This includes, but is not limited to, plumbing problems, water leaks, cracks in…

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10th Annual Buddhist Festival in the Park, June 1st

Buckman Voice

We were recently contacted by the Buddhist Peace Fellowship of Portland, who wanted to tell us about their 10th annual Buddhist Festival, taking place in Colonel Summers park on Saturday, June 1st. Read on for details.

You Are Here
Navigating the Way
10th Annual Buddhist Festival in the Park
Saturday, June 1, 2013
11:00 a.m. – 4:30 pm
Colonel Summers Park
SE 17th and Taylor, Portland, Oregon

CONTACT: Heidi Enji Hoogstra

Dharma Talk and Panel Discussion on the Theme of
You Are Here
Washing the Baby Buddha Ceremony
Activities for Children
Tabling by Buddhist Communities
Food carts
Sales of Buddhist meditation supplies and imports

The place to be on June 1st is right here, the 10th Annual Buddhist Festival in the Park in Portland. You are Here. You could be nowhere but Here. Awareness of being just here, however, takes some practice, and Buddhists of…

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SG27: Buyer looking for New Home in Portland Oregon.

Oregon Real Estate Wanted


Status:  NOT Active

Buyer  SG27

Price:  $300,000 to $600,000

Type: Residential Properties Only

Size :   1800  Square Feet or Larger

Bed:   3 Bedrooms or More

Bath: 2  Bathroom or more

Lot Size:  Buyer is open to lot size..   Buyer does like to garden and spend time with family and friends in a well managed yard.

Style: Open, buyer will consider a wide range of home styles.


Well  qualified buyer with funds for down payment.   Buyer has been pre qualified for a mortgage by their Credit Union.  


In process.


All close in Portland Neighborhoods.   Northeast, Southeast, Northwest, Southwest buyers are open minded to all of these areas.

Must Haves:

Property must be zoned residential.

Single Family

Will Not Consider:

Will not  consider commercially zoned properties.

If you have a home or property you feel this buyer might…

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Deadline for Cheapest FHA Loans is Here!

Ask Carolyn Warren

house in country Heads up! May 24 is the deadline for applying the cheapest FHA loan. An FHA loan is commonly called a First-Time Home Buyer’s loan, because the down payment requirement is only 3.5% of the purchase price. You do not have to be a first time home buyer to qualify for the loan, but you do need to live in the house as your primary residence for at least one year. This is not a loan for investors. The loan is backed by the Federal Housing Administration, and you may obtain the loan through any bank or mortgage lender that is licensed with the FHA. (Most lenders are.)

The reason I am calling May 24 the deadline for applying is because the private mortgage insurance fee increases on June 3rd. In order to make the June 3rd deadline, your loan file must have an FHA case number by that date…

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Existing-Home Sales, Inventories Climbing


The Mortgage Corner

Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 0.6 percent to a seasonally adjusted annual rate of 4.97 million in April, reports the National Association of Realtors. This could be a trend, as housing inventories are also increasing, while foreclosure rates continue to fall, allowing more homes on the market. Sales activity is 9.7 percent above the 4.53 million-unit level in April 2012.


Graph: Calculated Risk

Total housing inventory at the end of April rose 11.9 percent, a seasonal increase to 2.16 million existing homes available for sale, a 5.2-month supply at the current sales pace, compared with 4.7 months in March. Listed inventory is 13.6 percent below a year ago, when there was a 6.6-month supply, with current availability tighter in the lower price ranges. Inventories are improving, but more homes need to be available for sale…

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Foreclosure Reports for May 8th, 2013

SG28: Buyer looking for Multi Family Properties. 2, 3 and 4 Unit Properties

Oregon Real Estate Wanted






Status: Active

Buyer  SG28

Price:  $100,000 to $400,000

Type: Residential Properties Only, Multi-Family Properties 2, 3 and 4 Unit Properties

Size :    800 Square Feet Per Unit

Bed:   1 Bedrooms or More

Bath:  1 Bathroom or more

Lot Size:  Buyer is looking for a larger than average lot.

Style: Open, buyer will consider a wide range of home styles.


Cash, Lease Option and Or Contract Terms.   Depends on Condition and Location of Property  


Buyer has been pre-qualified by at least 1 Lender.


Portland Metro area.   Portland, Gresham, Troutdale, Milwaukie, Oregon City, Canby, Beaverton, Tigard,

Must Haves:

Property must be zoned residential.

Multi-Family Properties Only


Will Not Consider:

Single Family Homes


If you have a home or property you feel this buyer might be interested in.  Please contact Fred Stewart at 503-289-4970…

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How to Get an FHA Loan Made Simpler than Ever

How to Get an FHA Loan

Christina Allen

One of the basic needs of humans is to have a shelter for safety, privacy and warmth. With the challenges in the economy of the United States, the government sees to it that their citizens would still be able to have a chance to have their own house. Private institutions and websites work hand in hand with a Federal Housing Administration (FHA) to help Americans be aware of how to get an FHA loan.

With the existence of FHA since 1934, they have changed the housing system in the United States by helping out individuals and families from the lower sector of the population to have their own house. FHA loans are great assistance for people dreaming to own a house because they can help lenders to offer low down payments, low closing costs and easy credit requirements. How to get an FHA loan is the usual question…

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SW Montgomery Dr & Vista, 1932

Vintage Portland

Hard to believe that somebody would build on the the lot on this corner due to the steepness of the slope. It would take almost a half-century but a single family home sits on the SW Montgomery Drive site just below where it meets SW Vista (beyond railing at top). It looks like Montgomery was getting the forms removed from its first paving job.

A1999-004.481 Corner of SW Montgomery Dr and SW Vista Ave 1932(City of Portland Archives)

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Intersection Painting Update

Eliot Neighborhood

By Nancy Zimmermann Chung

This year, Eliot Neighbors are participating in Portland’s “Village Building Convergence”. Our project is an intersection painting at the corner of NE Rodney Avenue & NE Tillamook Street. Everyone is invited to join us and pitch in!

Where: NE Rodney Ave. & NE Tillamook St.
When: Saturday, June 1st, 2013, 10am – ?
What: Intersection painting and neighborhood block party, with free food provided by local grocers and eateries!

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219 N Cherry, 1957

Vintage Portland

There’s nothing particularly historic about this photo but it’s a classic mid-century American scene. If these two kids were standing here today, they’d be in their 60s and standing in the Rose Garden/Memorial Coliseum parking lot. Neither Cherry Street, nor Ross Avenue, just a house away to the right, exist today. This home had some nice stained glass and woodworking details to give it a little extra style.

A2001-004.94 219 N Cherry St 1957(City of Portland Archives)

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