Welcome to Foreclosure Listings Guide
Free Tax Foreclosure Listings Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
The Value of Government Foreclosure Listings
from:When an FHA loan goes into default, the government will foreclose on the property. These properties are then the responsibility of HUD (US Department of Housing and Urban Development). These homes are generally listed on government foreclosure listings. Anyone who is in the market to buy a home can benefit from investigating government foreclosure listings. The government views them as a financial burden and wants to be rid of them. Because they are just trying to recover the loss they have on the foreclosure claim, they will generally let these homes be sold for below market value.
These properties are 1-4 unit residential homes and are available for anyone to purchase. Preference is usually given to owner-buyers, those looking to purchase with the intent of living there. However, investors are also considered and can make a large amount of money for a relatively small investment. Many of the homes that are listed on government foreclosure listings need some TLC and updating. Generally, HUD will purchase a home inspection prior to listing the home. This enables the buyer to see exactly what repairs need to be made before placing a bid to buy. HUD does not make any repairs or pay to correct any damage; the properties are sold As-Is. Anyone that is not afraid of home improvement projects can save a lot of money by buying off the government foreclosure listings.
Since HUD is a federal agency, there are special programs to help communities where these homes on government foreclosure listings are. These programs offer incentives to law enforcement officers, firefighters, teachers and EMTs who buy homes in these communities. This program was designed to promote revitalization in these communities. These incentives amount to a fifty percent discount off the listing price. In return for this significant discount, home buyers agree to live there as their primary residence for 36 months. The hope is to bring revitalization to these communities by getting “good neighbors” to purchase homes.
HUD uses government foreclosure listings web sites to list the homes that are available for sale. These web sites are maintained by management companies that are under contract by HUD. Any real estate agent that is registered with HUD is capable of handling the sale. Another benefit that comes from buying a home that is listed on a government foreclosure listing web site is that HUD agrees to pay the agent’s commission upon completion of the sale, again saving the buyer money.
Purchasing a home using government foreclosure listings is a great money saving technique. If you are willing to be flexible concerning the location and neighborhood where you purchase a home and aren’t afraid to put some TLC into that new home, then purchasing a home from HUD makes sense. If you qualify for the “good neighbor” incentive program, you not only save significantly more money, but you are contributing to the revitalization of neighborhoods across America.
Free Tax Foreclosure Listings News
About Town: Area Event Listings - Harbor Light
About Town: Area Event Listings Harbor Light Free Foreclosure Prevention Education, workshops are available in NMCAA's Traverse City, Petoskey, and Cadillac offices. Homeowners will learn how to avoid foreclosure and the different foreclosure programs that are available. |
Why This May Be the Ideal Time to Buy Real Estate - TIME
 TIME | Why This May Be the Ideal Time to Buy Real Estate TIME Buyers are no longer shying away from “distressed” properties; that is, short sales and foreclosures. The foreclosure specialists at RealtyTrac.com say there are even bidding wars on foreclosures, because investors know these rock-bottom prices aren't ... |
Markets Live: Shares shaky on Grexit fears - Sydney Morning Herald
Markets Live: Shares shaky on Grexit fears Sydney Morning Herald There are no strings attached; the lucky recipients are free to spend it anyway they wish. 2.53pm: Myer boss Bernie Brookes has joined the long list of chief executives complaining about the Gillard government, and particularly its tax regime. |
US sales of houses increase - Las Vegas Review - Journal
US sales of houses increase Las Vegas Review - Journal Homes at risk of foreclosure accounted for 28 percent of sales. That's roughly in line with March sales but down from 37 percent of sales in April 2011. The median sales price in April rose to $177400, up 10.1 percent from a year ago. |
US home sales up across the country; experts encouraged - The Coloradoan
US home sales up across the country; experts encouraged The Coloradoan Americans are buying more homes in every region of the country, the latest indication that the housing market could be on the mend. A pickup in hiring and cheaper mortgages, combined with lower home prices in most markets, has made home buying more ... |