Portland Observer, June 22, 1963 Page 11
US Department of Housing and Urban Development
‘
8V2% Financing! And Now. .. TT
3-5% Down Payments Too!!
9.0% APR
(FOR ALL HOMES EXCEPT ALL CASH AS-IS HOMES)
HO M ES AVAILABLE WITH 8 V 2 % (7 YR. TERM)
FIN A N C IN G & 3-5% DOW N PAYM ENTS
WARRANTED HOMES
L IS T IN G PRICE
L IS T IN G PRICE
1« N mt c«n *“*•
*45.000
2 Bd 1 Ba. 088 A pproa SF
matte N m t
CMd a m u
3 Bd 1 Ba 888 Approa SF
*45.000
IfM W ak* A crealM a M Sand 08
3 Bd 1 Ba 871 SF Asan Qua»
*21.700
* One Year Structural &
Operating Systems Warranty
L IS T IN G PRICE
4. irtte«»*cr«.at *sr m m oa
3 Ba
*57,000
U 4 i t i «tttana Way kmttarg 0 8
*15.200
2 Bd 1 5 Ba 980 A ppro* SF A ttn Dues
W it t Gar« S'rtet fener oa
3 B d 2 Ba 1470 A p p ro * SF
s ir itw tM *
Tamed, » « a v * « 08 *55 000
3 Ba 2 5 Ba 1464 A ppro* SF
*23 700
1 Ba 8 71 SF Assn Duel
*55.000
U d i i «’Rana «ay NaaSar» OSA
*42.000
3 Bd 1 5 Ba 1232 A p p ro * SF A ttn Dues
L IS T IN G PRICE
L IS T IN G PR IC E
U S ite M a M a O r ltdaartan OS
3 Ba 2 Ba 1088 A p p ro * SF
1IUS Svn MeadaviCt Mtlaavki« OS
3 Bd 2 5 Ba 1545 A p p ro * SF
*51.000
n iti-tr Oa» (ttim On*. 8 m a oa
6 Bd 2 Ba 2 halt bath
(Ouptea)
*55.000
2352 A ppro* SF
AS-IS HOMES
4 U M iedmond Band rtigriaty »and 08 *25.000
2 Bd. 1 Ba 1116 A p p ro * SF i2 5 acres)
*1 5 7 5 0
2 Bd 1 Ba. 6 1 2 A p p ro * SF Assn Dues
U M W atU A craaS d a »
Sand OS
irate«» a c im at >n
im
oa
*17.000
2 Bd 1 Ba 6 4 0 SF Assn Dues
15. «ta f M* Coewi» oa
*45.000
3 Bd . 2 Ba 1564 A p p ro * SF
15
1072 »«» ma* fuyant 0 8
1354 SF
★
★
*45.150
3 Bd 1 5 Ba
*17.500
11.
» N t «Ihf t
L IS T IN G PRICE
You Save Money By Doing Your
Own Repairs Within One Year*
No Warranty
Ideal for families, Investors
or Contractors
2«
» 10 S u » t l Sata« OS
3 Bd 2 Ba 1500 A p p ro * SF
‘21.500
10
U004 M «0» t l «mceuiti »A
3 Bd 2 Ba 1 138 A p p ro i SF
*11.000
1,
4111 Nf lita t Ava «antavaa« W*
3 Bd 2 Ba 9 8 8 Appro» SF
*42.000
32
«17 N» «Olh ft
«ancavvar «A
4 Bd t 5 Ba. 2 023 Appro» SF
*50.000
1)
1401« M CttvmOmtDr «tncamrtr WA
3 Bd 2 Ba 9 8 8 Approa SF
*44.500
34
to tu Nf Sandpiper C m » «ancavaar wa ‘47,000
3 Bd 2 Ba 1413 A ppro* SF
15
t i Taaract Or «ancavaar «A
4 Bd t 5 Ba 1850 A p p ro * SF
*41.000
3«
1440 Aari) i l «aahouyai,WA
3 Bd 1 B a 9 5 0 A ppro* SF
*27,500
Lakanan OS
1648 A p p ro * SF
*45.500
IS
170 tanning* S t. Ltötnan. OS
2 Bd 1 Ba 1040 A p p ro * SF
*34,400
20
«SU Sf Hm« Lana. H ila tu t» OS
3 Bd, t Ba 1040 A p p ro * SF
*55.000
24.
IM * « » fOtnSi Haarat OS
3 Bd 2 B a 1479 A p p ro * SF
*44.000
25
21
710 Utk »1 Oreyen City. OS
*45.000
3 Bd t Ba 3 halt bath. 1509 A ppro* SF
25.
M IS N fltk A v t PartUnd, OS
2 Bd t Ba 1020 A p p ro * SF
*24.000
22
21 Sit J Feelfiil» Oreyen CM«. OS
3 Bd 1 Ba. 1128 A p p ro * SF
>57.000
2«.
M H Nf M k A » Fortland OS
3 Bd 1 S Ba 1075 A p p ro * SF
*4«. 100
'T h e rep airs that KUO ra q u ira s that you c e rtify lh a l you will do w ith in ona yaar are posted
In each horns A copy o l tho se rep air ite m s w ill be p ro v id ed Io you if HUD a cc e p ts your
o ffe r
21
J»4 Sami » « ¡j-,* r » antral Fami OS
*51.500
3 Bd. 2 L S O M i p p r o * SF (5 acre»)
27.
M U »f M lk Portland OS
3 Bd. 1 B a 1040 Approa SF
*42.000
11.
3 Bd. 2 Ba
L IS T IN G PRICE
L IS T IN G PRICE
M l Nf U la t 4*« Fort » n t 08
3 Bd l a Ba. 1227 SF
*40.000
As ia hom es srs o ffe red tor sale w ithou t any w arran ty The pu rc h a s e r has the respo nsibility
for d e te rm in in g c o n d itio n of th e p ro p erty prio r Io p u rchase and s hou ld chock w ith the local
b u ild in g c o d s s n lo rc s m s n l a g e n c y to d e te rm in e if th e p r o p e r ly has o u ts ta n d in g cods
v io latio n s
ALL CASH - AS IS - June 19,1983
* NO WARRANTY
L IS T IN G PRICE
L IS T IN G PRICE
L IS T IN G PRICE
17.
1S20Wliterty Alkeny.OS
3 Bd. 1 Ba 1478 A p p ro * SF
*22,500
41
31
A U F rta n -^ 2 na iF atn l.O S
2 Bd S L r r i u A p p ro * SF
*17,500
42
39
2220 Orteen Aaa Klamath f alta OS
2 Bd. t Ba 998 A p p ro * SF
*25.000
4 ).
K IS lf tSth Aaa Partana OS
2 Bd. 1 Ba. 702 A ppro* SF
*15,000
40
IN Ir a a d S l HadtardOS
3 Bd t Ba. 1558 A p p ro * SF
*21,500
44.
» 3 1 Sf «Atk A m
*11.000
7J0 8 » l*n ts n * Sl Fortuna 08
2 Bd 1 B a 9 6 0 SF
*16 000
45
JJ44 U Otatat* t l Ferttsnd 0 8
5 Bd. 1 Ba 181 9 A ppro* SF
*15,000
M M Nf Hh 8' PartUnd 08
*45 500
46
141« Sf Mali Fertlant 08
•15. «50
4 Bd. 4 Ba. 2513 A ppro* S F |4 -p tn « )
Fertlant. 0 8
2 Bd, 1 B a. 1202 A p p ro * SF
3 Br
L IS T IN G PRICE
47
»10 I Caupss» luikertaa. 08
2 Sd. 1 Ba. 1031 A p p io * SF
‘20.000
* 3 a . 1232 A ppro* SF
A ll caah a a-la ho m aa a re o ffe re d for sale w ith o u t any w s rra n ly The pu rchaser has the
re s p o n s ib ility tor d e te rm in in g c o n d itio « of the p ro p e rly prio r to p u rc h a s e and shou ld chock
w ith the lo ca l b u ild in g c o d a e n fo rc e m e n t agency Io d e te rm in e if lh a p ro p e rly h a t outstand
m g c o d a violations
ALL HOMES OPEN FOR COMPETITIVE BIDS UNTIL 11:00 A.M .
JU N E 29,1983 BID OPENING 1 P.M. JU N E29,1983
FINANCING
HOW TO PURCHASE fOy
All homes except all cash as is homes
are eligible (or HUD Purchase Money
Mortgage (PMMI financing PMM financ
ing will be provided to qualified purchas
ers at an 8% interest rate a monthly ser
vice charge ol *»% and a 7 year term
Because details of each transaction dif
fer the annual percentage rate lAPR) for
each transaction will vary slightly, but
generally APR tor PMM financing will be
9 0** or less The PMM will provide for
monthly mortgage payments ol principal
and interest to be scheduled in the same
manner as a 30 year mortgage even
though the term is 7 years The remain
ing balance will be due and payable at
the end ot the term This means that buy
ers will either pay off the balance or refi
nance at or before the end ot the 7 year
PMM term
PM M DOW N PAYM ENTS
The minimum down payment is based on
the actual bid made not the listing price,
and is the same (or both owner occu
pants and investors Down payments are
3% ol the first *25.000 bid and 5% ol the
amount more than *25.000 Example If a
bid ol *40.000 is made PMM down pay
ment is 3% x *25.000 equals *750 plus 5%
* *15.000 equals *750 Total PMM down
payment is *1500. and monthly payment
to principle interest and service charge
would be *298 57 on the mortgage bal
ance of *38,500
Warranted and as-is homes may also be
eligible tor other mortgage financing
progams including F h A insured. Federal
VA and and Conventional loans Down
paym ents for these program s are
different than PMM down payments.
See you Broker or Lender for details
Ail cash as-is homes are sold on a cash
basis and are not eligible for PMM fi
nancing or FHA Insured financing
TERMS & CONDITIONS
The properties appearing in this adver
tisement are our official public informa
tion release ol ALL acquired properties
currently available tor sale
Bids will be accepted by all interested
parties, including owner occupants and
m/estors Owner occupant otters have
pno'ity for all homes eicept ail cash
as — i t homes
All bids time stamped In by HUD
staff on or before 11:00 AM June 29.
1083 will bo considered Timo stamping
takes place on the 12th floor. Ceacade
Building. 520 SW 6th Avenue. Portland
OR #7204
Your offer for a HUD owned home may
be at. above, or below our Hating price,
which Is our cellmate of fair market
value HUD policy la to select the highest
offer received When a home receives
only offers below the listing price
however, we reserve the right to
determ ine, at our sole discretion,
whether to accept the highest otter we
have received
All bids received are considered only as
offers HUD reserves the right to reiec:
any or all bids or to waive any informality
or irregularity in any bids
All properties not bid on a, bid opening
will remain available tor purchase on a
first come first serve basis until the next
OREGONIAN advertisement
If cancellation occurs on a sale, back-up
offers retained by HUD may be consid
ered Once back-up offers are exhaust
ed. the home will not be available tor
additional offers until relisted m the ad
vertisement
CIRCLE YOUR CALENDAR
JULY 10th
IS OUR NEXT BIG OREGONIAN AD
■“ J
ij T^OFTWNI t
We Pay The Broker
See A Real Estate Broker Today
»8081 J W <
1 Any real estate broker will show HUD acquired properties to you
2 The broker completes paperwork necessary to submit an otter (There is no price
discount if you directly sumit an offer,
3 When you submit an offer your broker will collect a *500 earnest money deposit
Irom you If HUD accepts your offer your broker will be asked to forward the deposit
to HUD If HUO does not accept your offer your broker will return your full earnest
money deposit
BROKER INSTRUCTIONS
To submit an offer you must
i Submit a signed Broker’s Tender and
Offer to Purchase (HUD Form 9551)
i Collect and retain an earnest money
deposit of $500 from the purchaser It
HUD accepts your offer we will ask
you to forward the earnest money II
HUD does not accept your offer you
are lo return the full earnest money to
the purchaser
Your otter must be submitted within
the bid period, in a sealed envelope
which is clearly marked on the outside
as owner occupant or investor
The envelope should also contain the
property address and the bid opening
date Envelopes not properly marked
will not be considered and will be re
turned unopened
Earnest money forfeiture will not
occur because ot failure to obtain
credit approval on warranted and as
as-is homes available with 8*«% PMM
financing Once credit approval on
these properties has been granted,
forfeiture will not occur unless closing
does not occur within 30 days Failure
to close an as-is. all cash sale within
30 days from MUD acceptance ot the
purchaser s executed retail sales
contract will be a basis tor forfeiture
All requests for earnest money refund
must be transmitted by purchaser
through the broker who originally
submitted the otter
Purchaser is required to obtain fire
and extended insurance prior to clos
ing for all properties except all cash
as-is sales and must bring m evidence
of insurance to the closing
Down payment requirements are pay
able at closing
Forms and additional information can
be obtained by brokers by calling
HUD sales staff Our address is 520
SW 6th Ave 12th floor Portland.
97204
C O M M IS S IO N
INCREASE!!
We’ve increased our sales
commission from 5% to
6% on these and
ALL future listings.
EMPLOYMENT
D IV E R S IO N T E A M
L E A D ER FOR
C O M M U N IT Y
H E A L T H CEN TER
Fui-time poartion. avail
able mmetketefy Duma
Directs diversion serv
ices (or Center; super
vises up to eight teem <
members; coordinetee >
services with those of 1
other agencies to pro
vide alternatives to hoe-
prtaiuetion; implements •
staff an d /o r program 1
development
Minimum
Qualifica
tions: Psychiatric nurse;
RN or B S N /M aster De
gree in Mental Health;
two-year crisis services
experience, incl. super
vision,
recordkeeping
and report writing skills
Bepnrxng salary 423,000
plus benefits Send re
sume and letter of in
tent to Associate Direc
tor: N /N E Community
Mental Health Center,
310 N.E Oregon Street,
Portland, OR 97232
Closing date June 30,
1983
An Affirm ative Action/
Equal Opportunity
Employer
W R IT E R /
RESEARCHER
Primary speech writer
end researcher for the
Office of the Governor
in Salem Reeeerch is
sues and draft beck
ground reports Assist
in planning and prepar
ing for appearances by
the governor
Appli
cant required to have
demonstrated ability to
write quickly and clear
ly in a variety of stylet,
especially for the spoken
word Must have broad
experience in research
ing s wide array of is
sues
Annual salary
range »26.388 to 532.378
plus extensive fringe
benefits For a copy of
the fob announcement
and an application form
write to: Search Com
mittee Office of the
Governor State Capital.
Salem.
OR
97 ,30
Please do not phone or
send »ample» of your
work or submit refer
ence letters
I'he Governor's O ffice
is an Equal Em ploy
ment Opportunity E m
ployer.
C IT Y OF P O R T L A N D
H E A T IN G
IN S P E C T O R
52,238/m o. All appli
cants must he eligible
for "A " level certifies
tion on a mechanical in
spector by the Building
Codes Division of the
Oregon State Depart
ment of Commerce. All
applications must be
received no later than
5:00 p m , Friday. July
1, 1983 Positions in
clude City paid benefit
package
RESUMES
WILL NOT BE ACCEPT
ED
APPLY TO:
P O R T L A N D C IV IL
S E R V IC E
1220 S W F ifth A ve
R o o m 100
P o rtlan d OR 97204
or
U R B A N LEAG UE
6329 N.E. U n ion
S u ite 218
P o rtlan d O R 97211
LEGAL A D V O C A T E
LEGAL A ID S ER VIC E
W elfare Hotline and
Hearings
responsibili
ties. Two years college
or equivalent experi
ence with w etlare/lood
stamp
procedures
»10,200 »13.800 Good
family medical benefits.
Minorities, women and
handicapped urged to
apply Send resume to:
Carla M u s ts ll
310 S W 4th . Rm 900
P o rtlan d OR 97204
by June 30. 1983
HO M E BASED
B U S IN E S S E S
Can advertise tor $30/
6 mos Call Jo CAR
761 8969
B A K ER
W ANTED
Wedding cake decorat
ing experience, free
hand drawing ability,
damsh, donut, bread,
cookie experience Sal
ary based on experi
ence Send resume to:
105 First, Enterprise.
OR 97828
Calendar
" T a rg e t
N ic a ra g u a ."
Insid e
a
C o ve rt
W ar. a new documcnlary filmed in Nicaragua
by Saul l andau, will be shown Thursday, June
23, 7:00 p.m at the Portland State University
Smith Center Ballroom, 3rd Hour The him will
be followed by a panel discussion, including
recent visitors to Nicaragua. A 52 donation is
requested.
A su m m er day c a m p fo r P o rtlan d area
yo u th aged 8 12 is being co sponsored by the
Urban l eague of Portland and the Portland
Bureau of Parks and Recreation The camp will
run from June 27-Augusl 5 in three consecutive
sessions at Peninsula Park lixated at 6400 N.
Albina tach 2-wcck session is 520. Register lor
one or all three. For info and/or registration
contact Roy Pittman, 283-4222 or Renee
Watson, 288 6700
The E.S.P (Q uintet), playing a variety of
jazz ranging from standards to fusion, will be
featured June 29 in the Your Zoo and all that
Jazz I983 summer concert scries. Concerts arc
free with regular zoo admission, l or info on
parking and shuttles, call 226-136I.
Multnomah County Children's Services Divi
sion in cooperation with the Albina I ions, arc
seeking ahelter hornet, short term e m e r
gency home« in the Alberta, Albina area
which can take a child any lime during the day
or night, for a day or two up to a month.
Shelter homes are needed for children of all
ages, particularly ages 6 to 17. Foster parents
arc reimbursed financially. For info regarding
qualifications and eligibility call Children's
Services Division at 229-6186 Mon.-Fri.
"Crisis Intervention: Helping Bettered
W om en end C hildren," a one-day workshop
will be held Saturday, June 23, 9 a .m .-5:30
p.m. at Portland Community College's Cas
cade Campus, 705 N. Kilhngsworth, in Portable
Building I. To register call 283-2541. There is a
59 fee: bring a brown bag lunch.
The Intsrststs Firehouse Cultural Center
Student Production Sum m er Cem p begins
June 23, with concentrated classes in iheater
production and dance Students will produce
"Treasure Island" al end of 8 week session.
Enrollment is limited to 30 students. Scholar
ships are available. For registration info call
243 7930