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Real Estate Foreclosure Information
In most real estate markets in urban areas, prices are
growing at a fast pace. In many of the hotter markets, families and
investors alike are quickly finding themselves priced out of the market.
This is where foreclosed properties can make a
difference.
HUD and VA homes
You have probably heard the terms "HUD home" or "VA home" in
conjunction with foreclosures. HUD and VA properties are two
types of homes owned by the government and offered for sale to people
who want to become homeowners or real
estate investors. The attraction of HUD and VA properties is that they
can
often, but not always, be purchased at significantly below the going
market
value.
At any point in time, there are roughly 30,000+ homes in HUD and VA
inventories in all 50 states and the territories of Guam, Puerto Rico,
and the U.S. Virgin Islands.
The key to making a foreclosure work is finding the right home in the
right area. Not terribly different from the way you would make a
regular real estate decision.
This site provides the tools to search property
listings, information on mortgages, a
frequently asked questions
guide, and some additional resources for
finding the right home.
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