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Bella Casa Realty, Inc.
Terri Popejoy, ABR, SFR, Principal Broker

314 NE 87th Ave
Portland, OR 97220
Best Number to Call: 503-330-0400
Office: 503-231-7355
Fax: 503-296-5332
Email: tpopejoy@msn.com

Welcome to Bella Casa Realty, Inc.
Providing a superior level of informed, professional real estate services to buyers and sellers in the greater Portland area.

Welcome to the premier resource for all real estate information and services in the area. I hope you enjoy your visit and explore everything my realty website has to offer, including Portland real estate listings, information for homebuyers and sellers, and more About Me, your professional Portland Realtor.

Looking for a new home? Use Quick Search or Map Search to browse an up-to-date database list of all available properties in the area, or use my Dream Home Finder form and I'll conduct a personalized search for you.

If you're planning to sell your home in the next few months, nothing is more important than knowing a fair asking price. I would love to help you with a FREE Market Analysis. I will use comparable sold listings to help you determine the accurate market value of your home.

Real Estate News

Latest Realty News from NAR

Audio: Dealing with Cyberthreats

Steve Spano, president and chief operating officer of the Center for Internet Security, recently visited NAR’s Washington offices to discuss techniques real estate professionals can employ to stay safe online. Listen to his comments below.

Yes, Interest on Home Equity Loans is Still Deductible

There’s been confusion since the big tax law was enacted over the deductibility of interest on home equity loans. NAR has been saying that the interest is still deductible for the part of the loan that’s used for home repairs, renovations, and additions. And that’s the correct interpretation, according to the IRS. The agency confirmed that in a memo about a week and a half ago.

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The part of the loan that’s used on the house to fix something or improve it remains deductible under the new tax law. Loan proceeds that are used for personal living expenses or anything not related to improving the home are not deductible.

The clarification is looked at in the latest Voice for Real Estate news video from NAR.

The video also looks at an important vote in the House on so-called drive-by lawsuits. These are lawsuits filed by people who are using accessibility requirements under the Americans with Disabilities Act to extract fees from small property owners. People are sending letters to property owners alleging they have an ADA violation and threatening a lawsuit unless the owner reaches a settlement with them. The person sending the letter typically doesn’t even say what the alleged violation is. The only way the owner can find out is by going to court. Most owners end up settling as the cheaper alternative and if there was ever any violation the owner never finds out what it is.

The House passed a bill requiring people who send these letters to identify what the alleged violation is and to give owners a chance to correct the problem before taking them to court. It’s a solution that addresses a clear abuse of an important law and NAR supported its passage. The bill still has to be taken up in the Senate.

Other topics in the video include NAR’s Commitment to Excellence initiative, which will roll out later this year, to give NAR members a chance to voluntarily assess how well they perform on key aspects of their business, including technology, the Code of Ethics, and the forms and contracts they use.

The video also gives an update on home sales—they’re off to a slow start this year, mainly because of inventory shortages in many markets, especially among lower-cost starter homes—and what’s happening in commercial real estate. Briefly, transaction volume on small cap properties is doing okay but volume on large cap properties is slowing down.

Watch and share video.

What’s the Right Way to Structure a Marketing Service Agreement?

Real estate practitioners entering into marketing service agreements with lenders, title companies, and other settlement service providers is a well-established practice, but a recent court decision shows why you have to structure these agreements the right way.

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An appellate court just ruled that it’s okay for a mortgage lender to refer business to mortgage insurers who are buying reinsurance from an affiliate of the lender, because the reinsurance is a bona fide service and the insurers are paying fair market rates for it. In other words, the arrangement doesn’t amount to a kickback.

Although the case involves a lender, insurance companies, and a reinsurer, the structure of the agreement is something that applies to the kind of marketing service agreements you might be involved in as an agent or broker. Any agreement you enter into with a lender or title company must be for actual services rendered and priced at fair market rates and not simply an arrangement for referrals.

How do you ensure a marketing agreement is appropriate under federal anti-kickback rules? The most important thing is to have it looked at by an attorney who’s familiar with the Real Estate Settlement Procedures Act, or RESPA. For a general idea, though, there are two tests you can apply:

1.Is the marketing fee you receive based on the number of referrals you make to the company, whether it’s a title company, a lender, or another service provider? If the fee corresponds to the number of referrals, you could be inviting a close look by the Consumer Financial Protection Bureau (CFPB), which is the federal agency that enforces RESPA.

2. If you have an arrangement to split costs on a joint project, like a newspaper ad, is the split reflective of what each of you get in return? For example, if you and the title company are splitting the cost of the ad down the middle, then half the ad should go to the title company and half should go to you. If the title company is covering 75 percent of the cost of the ad but only taking up 25 percent of the space, that split makes it look like the company is subsidizing 50 percent of the ad cost. Again, you could be inviting a close look by the CFPB.

Learn more about the recent court decision in the latest Voice for Real Estate news video from NAR. The video also looks at what was in the budget agreement enacted into law about two weeks ago. Among other things, the new law extends the tax deduction for mortgage insurance premiums and retains the prohibition on taxing forgiven mortgage debt as income. It also looks at why a recent Supreme Court decision on the regulation of bodies of water is important to your inbdustry.

Watch video now.

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To Whom It May Concern, This is an unsolicited letter of recommendation for Terri Popejoy. I am writing it because I am reflecting on how Terri Popejoy, throughout the years, has always come through for my partner and me, enabling our real estate dreams to come true. She continues to do so for us, and has done so, and continues to do so, for the many family members, friends, and acquaintances to whom we have recommended her. This deserves tribute. It is rare to be able to recommend someone so capable and honorable in any field. When the field is real estate, so vast and so full of question marks and so loaded with ramifications, Terri Popejoy has always been, in my experience and observation, a beacon of light, showing the way to the realization of our goals. We, and our family and many firends and acquaintances, have relied on Terri for nearly 20 years to help us accomplish our real estate goals. She has always understood exactly what each of us was looking for in a property, no matter how obscure. She has always in a very timely manner, found the exact property we wanted and closed the deals, in the most efficient manner. Terri has sold properties for our friends with the same efficiency: to the right people, at the right time, for the right price, even before the real estate market was "hot" and before interest rates were low. Terri is as down-to-earth, no nonsense, get-it-done as can be, and get it done she does. Terri has the gift, like a great football player or ballet dancer, of making the art and science of real estate seem almost effortless. In addition, our family still relies on the insurance agent she recommended, the mortgage broker she referred to us, etc. Terri is the consummate professional. In addition to that, when we were new to Oregon, Terri introduced my partner and me to an entire community who made us feel welcome. Throughout the years, we have been priviledged to know her as a human being. It is rare to meet someone who is such a good realtor or such a good person. Terri is both. If you have found her, you have found the very best. Sincerely, Risa
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Terri Popejoy, ABR, SFR, WCR, Principal Broker, 503-330-0400