Southern Illinois city selling $100 homes - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

Southern Illinois city selling $100 homes

Under the homestead law, any qualified home buyer would be required to meet some stringent requirements. Under the homestead law, any qualified home buyer would be required to meet some stringent requirements.
Du Quoin is a historical city that has homes dating back more than 100 years. Du Quoin is a historical city that has homes dating back more than 100 years.
Each year, the city acquires several homes, most of which need to be torn down, according to Du Quoin Mayor Rex Duncan. Each year, the city acquires several homes, most of which need to be torn down, according to Du Quoin Mayor Rex Duncan.
DU QUOIN, IL (KFVS) -

City leaders in Du Quoin, Illinois are working to take advantage of the city's homestead law, which allows the city to sell homes to buyers for $100.

Under the homestead law, any qualified home buyer would be required to meet the following stringent requirements:

  • Buyer would purchase the home from the city for $100
  • Enter into a contract with the city to fix specific items on the home
  • Would occupy the home for at least seven years
  • If the buyer defaults on their promise, the city takes back the property
  • If the the city takes back the property it will be demolished

Du Quoin is a historical city that has homes dating back more than 100 years.

Each year, the city acquires several homes, most of which need to be torn down, according to Du Quoin Mayor Rex Duncan.

“If I don't have to tear something down," Duncan said, "I'll move Heaven and earth not to do it.”

But the homes that are sturdy and have historical significance, Duncan said, could be fixed up.

Duncan said that using the homestead rule could invite family's to the city. 

“Ninety-five percent of the time, frankly those homes need to be torn down," Duncan said.

The homestead ordinance has been apart of city law since 1989, but the city had not taken advantage of it until now.

Duncan said there is currently one home that the city plans would like to sell using home rule, located at 115 N. Division Street.

"I'm sure it's one of the original homes built in this town," Duncan said. "And if possible, we would like preserved and saved."

Charles Followell, a Mulkeytown, Illinois resident, says the homestead law wouldn't attract him to buy a home in Du Quoin.

"I don't know all the ins and outs of the contract but you know $100 seems a little inviting," Followell said. "But a seven year agreement, that's a long time."

Du Quoin resident Elisa King said she likes the idea because it preserves the town's history.

"They need to keep them up, you know history is a good thing," King said. "I'm interested in history, I love it. So, they should keep them up."

City leaders are working to create an application for home buyers to fill out to purchase one of the city owned property's.

Mayor Duncan expects that application to be available near the beginning of 2015.

Copyright 2014 KFVS. All rights reserved.

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