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Want to Buy
Foreclosures?
Foreclosures.com Offers Active
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Top USA Real Estate
FREE Search of Top USA real
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CircleLending offers the tools and
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MJLords.com Has
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Auctioneer
Specializing in Foreclosures
California Posting & Publishing Company:
Foreclosure
Auctioneers. An information-rich site for
those interested in foreclosure properties
in California, Arizona & Nevada.
Legal Information
About Foreclosures
State Foreclosure Laws
Lists of Homes
for Sale
HomeSales.gov "provides
current information about single family
homes for sale by the U.S. Federal
Government. These previously owned homes
are for sale by public auction or other
method depending on the property.
Anyone can buy a home for sale by the U.S.
Government, but you must work with a real
estate agent, broker or servicing
representative to submit an offer or bid.
"Currently the U.S. Departments of Housing
and Urban Development (HUD), Agriculture
(USDA/Rural Development), and Veterans
Affairs (VA) have homes listed on this
site.
Housing
Counseling
Anyone
interested in buying a home for sale by
the U.S. Government, particularly
first-time homebuyers, should seek
assistance from a housing counseling
agency approved by the Department of
Housing and Urban Development (HUD). HUD
supports a network of approved housing
counseling agencies that provide
counseling services across the nation. For
a complete list of HUD approved agencies
in your area, call the HUD housing
counseling referral line toll-free at
1-800-569-4287 or visit the
HUD website
HUD Homes
After you find
a HUD Home on
homesales.gov that you want to buy,
you should find a real estate broker who
can submit the bid for you. The broker can
submit the bid online. Normally, HUD Homes
are sold in an "Offer Period". At the end
of the Offer Period, all offers are opened
and the highest reasonable bid is
accepted. If the home isn't sold in the
initial Offer Period, you can submit a bid
until the home is sold. Bids can be
submitted any day of the week, including
weekends and holidays. They will be opened
the next business day. If your bid is
acceptable to HUD, your real estate agent
will be notified, usually within 48 hours.
Warning: Don't Assume HUD Homes are a
Bargain. READ THIS FIRST.
USDA Homes
After
you find a USDA Home on
homesales.gov that you want to buy,
you should contact the local USDA
servicing office, which will provide the
most current and accurate information
regarding the status of the home as well
as your eligibility for potential program
benefits. You can find the local servicing
office contact information on the home's
description web page. Depending on your
circumstances and the status of the
property listed, your method of bidding
and ultimately purchasing the property may
vary.
For more information on
USDA Homes:
VA Homes
After you find
a VA Home on
homesales.gov that you want to buy you
should have a real estate agent or the
selling agent prepare the Offer to
Purchase And Contract of Sale VA form, and
complete all necessary documentation. Your
agent will submit your offer through the
listing broker for approval. The listing
broker's name and telephone number are
found at the beginning of each listing.
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