Monthly Archives: March 2009

Two Rules to Avoiding Foreclosure


If you are worried about making your mortgage payments or foreclosure, I hope this information helps.

RULE #1 – you should not pay a private company for housing counseling services.

There are numerous nonprofit agencies that work in partnership with the U.S. Department of Housing and Urban Development (HUD). The agencies are funded, in part, by HUD and NeighborWorks America. For HUD’s “Guide to Avoiding Foreclosure” web page click here. You will find a wealth of information that may help you avoid losing your home. For a list of HUD recommended agencies click here. If you know you are not going to be able to make a payment, do not hesitate to call your lender. It is in their interest to work with you. There are new programs that are now available and you may qualify for assistance including modifying your interest rate or deferring payments.

RULE #2 – Above all, remember…the worst thing you can do, is nothing at all.

As always, I wish you the best,

Kevin Gorman


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Filed under Real Estate and More, Uncategorized

Mark to Market (and the Funky Bunch)

When I first heard the term “mark to market”, I thought maybe it had something to do with the rapper/actor Mark Wahlberg (Marky Mark & the Funky Bunch). Little did I know that “mark to market” is actually the real reason behind the current economic crises. You can learn about “mark to market” by taking 15 minutes to watch this excellent video: “The Real Reason Behind the Economic Crisis-Mark To Market”.  The video was brought to my attention by Brett Hartlaub at Sunset Mortgage Company(shameless plug) in his weekly newsletter.

If after watching the video, you would like more information about mark to market and what congress is currently doing to correct the problem, I suggest contacting Brett at and request a copy of his weekly newsletter.

Regarding real estate…things are picking up! It appears that buyers are getting the message about low interest rates, the $8,000 tax credit and low home prices. My last two transactions were purchases of bank owned properties. Please contact me if I can help one of your friends or family.

All my best for a happy week ~

Kevin Gorman

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Filed under The Economy

Realtor Day at the Oregon Capitol

capitol More than 600 of my fellow Realtors and I rallied at the State Capitol in Salem, Oregon last week. The purpose was to shower the legislators with our concerns, ideas and suggestions on real estate matters that affect the market and the economy. The rally was coordinated by the Oregon Association of REALTORS®, and it was a record turn out. We were told that no other business or professional industry has ever shown up in such numbers at the Capitol.


Realtors from all over the State met with Senators and Representatives primarily to discuss opposition to current bills that add new taxes and/or fees to buyers and sellers on the transfer of their property ownership, such as; HB 2481, HB2473 and SB 396.


During one of the meetings I attended, Representative Matt Wingard informed us of a stimulus bill (HB 3090) that he recently introduced. Wingard’s Main Street Incentive Plan provides a tax credit to homeowners and businesses that remodel. 50% of the remodeling costs would be eligible for a tax credit and a 100% credit if the remodeling falls under the category of “green”. The credit must be taken in equal increments over a five year period. I am in full support of this bill as the resulting ripple effect to businesses and jobs would be impressive. I hope it passes!


Have a great week!


Kevin Gorman


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Filed under Real Estate and More, Uncategorized