| A US Government home foreclosure listing can be | | | | homeowner may not be as likely to have suffered |
| found from many sources. A search through the | | | | from financial hardship). When you purchase a home |
| internet for web sites will get numerous responses. | | | | foreclosure property from a government agency at |
| Many government departments involved | | | | auction, chances are you are getting a very good |
| The HUD web site gives listings for various | | | | property for a greatly reduced price. |
| government departments of foreclosed properties | | | | Government Deals |
| that are for sale. From single-family homes to | | | | The web site, Government Deals, can be found at: |
| multi-family properties, you can find foreclosure deals | | | | This company offers all their collected information on |
| from the following government entities: HUD (Dept. | | | | US Government foreclosure auctions and sales for a |
| of Housing and Urban Development); VA (Dept. of | | | | one-time price of $29.95. According to the site, there |
| Veterans Affairs); FDIC (Federal Deposit Insurance | | | | is never another fee. This could be very useful if you |
| Commission); IRS (Internal Revenue Service); Small | | | | can find the majority of information you need located |
| Business Administration, U.S. Army COE (Corps of | | | | here. You can search for a long time on the internet |
| Engineers); U.S. Customs; U.S. Marshals Service; and | | | | and look through many sites and sources, but web |
| the Dept. of Agriculture Rural Development. | | | | sites like this one have it all easily located in one place |
| The FDIC, for instance, has a listing of US | | | | for your convenience. |
| Government home foreclosure properties at auction. | | | | Good deals can be found on home foreclosures by |
| The information gives the location, date, and time of | | | | government departments at an auction because the |
| the auction, and it also tells a little about the | | | | properties have been seized by the government, for |
| property. You can get all this information free from | | | | one reason or another, from delinquent mortgage |
| the web site. When the US Government is involved in | | | | payments to nonpayment of taxes. The US |
| a property, you know they will have all the details | | | | Government gets priority in the courts for selling their |
| available. You can ask for more specific information | | | | properties. The government doesn?t want to be a |
| and they will be obliged to give you data regarding | | | | caretaker for these seized properties and they are |
| possible additional encumbrances, if any, to the | | | | more likely to accept a lower bid to get them out |
| property acquisition. | | | | from under their responsibility. |
| Another web site providing useful data is government | | | | At an auction, there is a minimum bid amount set by |
| auctions. This site provides information and services | | | | the government department. If no one bids above |
| to you about government auctions for an annual fee | | | | that minimum amount, and you are the winning |
| of $39.95. | | | | bidder, you have purchased an asset. Make sure you |
| The properties from the U.S. Customs department | | | | read all the fine print and are knowledgeable about |
| were seized due to criminal investigation or customs | | | | any other expenses that might also tag along with |
| enforcement. Many of these foreclosures are in good | | | | the property. Research your proposed property very |
| condition, better than some other foreclosures, due | | | | well and you can find a great deal on a US |
| to the nature of the reason for seizure (i.e., the | | | | Government home foreclosure. |