FHA Loans Oregon » buying bank owned properties http://fhaloansoregon.com ***Not sponsored or affiliated with HUD or FHA Thu, 03 May 2012 00:29:44 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 HUD’s Anti-Flipping Rules Change Feb. 1 http://fhaloansoregon.com/2010/01/18/huds-anti-flipping-rules-change-feb-1/ http://fhaloansoregon.com/2010/01/18/huds-anti-flipping-rules-change-feb-1/#comments Mon, 18 Jan 2010 20:33:20 +0000 Fred Chamberlin http://fhaloansoregon.com/?p=446 HUD’s Anti-Flipping Rules Change Feb. 1 is a post from: FHA Loans Oregon

]]> HUD announced Friday that the rules on flipping homes will be changing Feb. 1. This could have a huge effect on the Eugene/Springfield, Lane County Oregon market. This is being done in an effort to stabilize home values and improve conditions in communities where foreclosure activity is high according to HUD Secretary Shaun Donovan. I see this as being a boon to our are in getting rid of more of the foreclosures that have been plaguing our market. Under current rules, foreclosures that were still owned by the banks that purchased them could be bought with an FHA loan but any that were purchased from the bank had to be owned for 90 days before an offer could be made on them for an FHA loan. Read More

]]> http://fhaloansoregon.com/2010/01/18/huds-anti-flipping-rules-change-feb-1/feed/ 0 Buy a HUD Foreclosure for $100 Down Payment http://fhaloansoregon.com/2009/03/04/buy-a-hud-foreclosure-for-100-down-payment/ http://fhaloansoregon.com/2009/03/04/buy-a-hud-foreclosure-for-100-down-payment/#comments Wed, 04 Mar 2009 23:17:58 +0000 Fred Chamberlin http://fhaloansoregon.com/?p=114 Did you know you can buy a home with just $100 down payment, even in today’s changed market? It is true. If you qualify for the loan, HUD allows some of the homes that they have foreclosed to be purchase with an FHA loan with only a $100 down payment. You will need to determine if the specific property is eligible for this program. This is a great way for a first time home buyer to get into a home with very little down and take advantage of the $8,000 first time home buyer tax credit too. Until recently we didn’t have any HUD foreclosures in Lane County. Here is a list of the current Lane County foreclosures, according to the HUD website: Read More

Buy a HUD Foreclosure for $100 Down Payment is a post from: FHA Loans Oregon

]]> Did you know you can buy a home with just $100 down payment, even in today’s changed market? It is true. If you qualify for the loan, HUD allows some of the homes that they have foreclosed to be purchase with an FHA loan with only a $100 down payment. You will need to determine if the specific property is eligible for this program. This is a great way for a first time home buyer to get into a home with very little down and take advantage of the $8,000 first time home buyer tax credit too. Until recently we didn’t have any HUD foreclosures in Lane County. Here is a list of the current Lane County foreclosures, according to the HUD website: Read More

]]> http://fhaloansoregon.com/2009/03/04/buy-a-hud-foreclosure-for-100-down-payment/feed/ 3 Finding the Right Contractor – Foreclosures Part 3 http://fhaloansoregon.com/2009/02/07/finding-the-right-contractor-foreclosures-part-3/ http://fhaloansoregon.com/2009/02/07/finding-the-right-contractor-foreclosures-part-3/#comments Sat, 07 Feb 2009 20:14:47 +0000 Fred Chamberlin http://fhaloansoregon.com/?p=67 Finding the Right Contractor – Foreclosures Part 3 is a post from: FHA Loans Oregon

]]> Finally, in our series about buying a foreclosure using the FHA 203k Streamline Rehab loan I want to discuss selecting a contractor. If you have followed my instructions, you are now pre-approved for an FHA 203k Streamline mortgage for a specific price range and you have met and developed a rapport with the Realtor® that is going to make sure you get the proper guidance and support you need. This next step is also very important, selecting the contractor or contractors for your rehab process. This is a very important aspect of your Oregon FHA 203K loan. There are things that you need to look for in the right FHA 203K contractor as they can mean the difference in a successful or unsuccessful FHA 203K renovation. Read More

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