Government Foreclosure Listings: What You Should Know

HUD (Department of Housing and Urban Development) or government foreclosure listings are a great place to find a bargain property. If you are an owner occupier who is looking to buy a foreclosure house to live in, HUD is a great place to start because you will not have bidding competition from investors. Generally, investors are unable to bid on government foreclosures within the first ten days; giving home owners a good chance to win the property auction first. Only if an acceptable bid is not received will the government accept a bid from an investor.

Here are some ideas and tips for buying government foreclosures, as well as some simple tips to help you through the process. Read more »