A lot of people are not aware that most HUD foreclosures in Oregon are available with only a $100 down payment for owner occupied purchases. Also, you can get up to $5,000 to make repairs on the property as part of the purchase transaction.  If the repairs are more extensive, then an FHA 203k Streamline is the way to go but it isn’t available with just $100 down. The homes in Lane County are fairly limited right now with only four in Eugene, one in Junction City and none in Springfield. Here is the current list from the HUD website for homes in the Lane County area:

431-287127

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Address: 4437 FOX HOLLOW RD #2
EUGENE
LANE, OR 97405
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Price: $130,000
List Date: 07/03/2009
Bed/Bath: 2/1.5
Bid Deadline: Daily
Open to: ALL BIDDERS

431-421590

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Address: 380 RUBY AVE
EUGENE
LANE, OR 97404
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Price: $149,400

Special: PRICE REDUCTION

List Date: 06/19/2009
Bed/Bath: 3/1.5
Bid Deadline: Daily
Open to: ALL BIDDERS

431-414481

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Address: 2615-2617 ROSS LANE
EUGENE
LANE, OR 97404
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Price: $153,000

Special: PRICE REDUCTION

List Date: 07/03/2009
Bed/Bath: 3/2
Bid Deadline: Daily
Open to: ALL BIDDERS

431-434947

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Address: 5991 SAINT HELENA ST
EUGENE
LANE, OR 97402
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Price: $215,000
List Date: 07/10/2009
Bed/Bath: 3/2
Bid Deadline: 07/19/2009 11:59:59 PM PT
Open to: OWNER OCCUPANTS
NONPROFIT ORGANIZATIONS
GOVERNMENT AGENCIES

431-423129

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Address: 420 E 9TH AVE
JUNCTION CITY
LANE, OR 97448
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Price: $111,000
List Date: 06/26/2009
Bed/Bath: 3/2
Bid Deadline: Daily
Open to: ALL BIDDERS

Also, to make a bid on a HUD owned home, you have to go through a Realtor that is a registered agent with HUD. Currently, according to their website, there are only 25 in Lane County. One of those 25 is a Realtor that I have worked with for a number of years, Lori Palermo with Fairway Real Estate. The e-mail address on the HUD site is wrong, e-mail her here  or she can be reached at 541-746-3498/541-579-5674 Cell.

If you have questions about the $100 down program, give me a call at 541-342-7576/541-221-3455 or e-mail me. If you have questions about purchasing a HUD home, give Lori a call.

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