Real Estate Foreclosure Information
In most real estate markets, especially in urban areas, prices are rising 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.