Archive for February, 2010

HUD offers Good Neighbor Next Door properties in Portland

An excellent path to a super deal on a home in Portland is the FHA Good Neighbor Next Door (GNND) purchase program for law enforcement, teachers and emergency personnel. The GNND program allows these buyers to get a home at half price if they live in it for at least three years as their principal residence. Right now there are four such properties on the website in Portland, including this one: Read More

How Long to Close an Oregon FHA Purchase Mortgage?

How long does it take from start to finish in the Eugene/Springfield Oregon area? This is an important question with the time running out on the First Time Home Buyer Tax Credit. The FTHB Tax Credit is available on purchases entered into by April 30 and closed by June 30. Read More

Two Eugene HUD Homes List Price Reductions

Two listings of Eugene homes for sale by the Department of Housing and Urban Development (HUD) are reporting a price reduction today, possibly making them an even bigger deal. These homes, called HUD Homes on are listed the HUD website. These two properties are first offered to people in the Eugene/Springfield, Lane County Oregon area that are going to use them for their primary residence. If there is not enough interest, then they will be offered to anyone. Read More

HUD Homes Excellent Way to Become Oregon Homeowner

As I stated yesterday, HUD Homes are available for the $100 down payment program. However, beside that, you can purchase a HUD Home with $100 down in conjunction with an FHA 203k Streamline purchase of your new home in the Eugene or Creswell Oregon area. Right now, the only HUD Homes listed in Lane County are in Eugene or Creswell. The list changes often however, and you probably should be checking often to see what is available. Read More

HUD Owned Homes for Only $100 Down Payment

There are listings of homes for sale by the Department of Housing and Urban Development (HUD), called HUD Homes on the HUD website. The great thing about these properties is that they are first offered to people in the Eugene/Springfield, Lane County Oregon area that are going to use them for their primary residence. If there is not enough interest, then they will be offered to anyone. As an owner occupied purchase, many of the homes on the website qualify for a $100 special down payment program. That is right, only $100 down and if the seller (HUD) pays the closing costs, that means you can get into a home with only $100 out of pocket. Here is an example of one of the HUD Homes currently listed on the website: Read More

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