Bend Bulletin reported on Sunday that the Bend real estate market is not good. There were 788 notes of default in Deschutes County in the first six months of 2008.

A warning occurs when the lender files a notice of eviction. Lenders usually an endorsement to a borrower after two to three months on their payments. As lenders try to increase the seizure file notices tend to be used to reduce their losses.

There were 192 submitted evidence standard in 2007 compared to the same period. Without this year show an increase of 410% over the previous year. Prices will continue as more bank foreclosures on the market fall.

The Bulletin reports that 75% of the reminder were submitted this year on home purchases in 2006 and 2007 made at the height of Bend real estate market. Not all of these notices of default due to foreclosure. Lend have the ability to make loans. If it is stopped by default and notice of foreclosure procedures.

Most of the houses purchased in 2006 and 2007 are now worth much less today than then. If a buyer bought a house over the years keep up with little or nothing, they can not sell their homes and pay the mortgage.

Some banks are allowed owners to sell their house for less than they owe. The bank bears the loss. They are called as “short sales”.

When a loan is not after 90 days of the notice is made, the lender, the house is up for auction on the courthouse before. If the house is no longer sold as delinquent bank takes possession. Hence the name “Bank Repo.”

The increasing number of short sales and bank foreclosures homes below market value and add further price declines that we are now cheap. Prices are now around 23% this time last year.

The latest market studies for Bend showed that the median house price rose slightly in June 2008 compared with June 2007. Statistics can be tricky though. There were 22 homes in 0000 and one of these houses were sold for the sale, 000,000 in the same period. Of course, that the increase in average prices significantly. The average price per square foot has increased as well.

The fact is that our prices are still falling and will continue to decline until the bank foreclosures slow down considerably. A decline in the notice of failure for a reduction of seizures to provide Bend. The current amount of Standard Bank announcement of a rest more on the market this year.

Bank board can sometimes be a good buy. The banks that sell them, which of their books. Countrywide and other lenders on the issue in recent years and are now back to monitor the banking sector.

Currently, there are many homes on the market are overpriced in Bend. The figures continue to fall and people will not lower their prices to sell on the market value of their property.

Inflation is rising. The gas prices are rising. Unemployment is up and it seems that is the interest Tip-up. I do not think the federal government has the interest rates too high. But you never know. You have increased to 16% in 1981.

Keep an eye on the notice of default and they will tell you where the real estate market in Bend, Oregon is headed.


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