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Find foreclosed homes up to 60% below market value | + 2 Million properties available. As a prominent mortgage lender, they also have to deal with a great amount of foreclosures, and HUD home auctions and foreclosure sales are quite common as a result.
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The VA, or Department of Veterans Affairs, is another source for foreclosed homes. This is the federal agency that guarantees mortgages for individuals who Government auctions are a great source for buying foreclosures. However, this can be a very fast-paced method, and therefore may dissuade…
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Our database of foreclosure listings includes HUD homes, government foreclosures, bank owned properties, lender foreclosed homes for sale and A sheriff's sale is a public auction conducted by a local sheriff to liquidate properties of owners for the non-payment of debt or other obligations.
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When this occurs, the government is entitled to repossess any tax delinquent properties and put them for sale at tax foreclosure auctions. Individual states can set different minimum prices for foreclosed homes for sale at tax foreclosure auctions.
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Government Auctions on Foreclosed Real Estate? (2 replies)
I know that there are foreclosed houses that go up for auction and I know that some of those are controlled by the government. In most states the person that has lost the home has one year to reclaim it, even if you have put money into it.
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If for some reason you decide not to pay your taxes, your home could potentially be foreclosed on by the IRS. But generally, since the government is only looking to recoup the total loan debt, you might get a nice discount on a house for auction with this option.
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Government foreclosures are homes that have been repossessed by the U.S. Department of Housing and Urban Development because of nonpayment of a loan that they secured. Foreclosure Auctions. Bank Owned Homes.
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Silent auction foreclosures are auctions of foreclosure properties conducted entirely by sealed bid. Most foreclosure silent auctions are conducted by government agencies For example, a home that's being foreclosed and auctioned off might be up for silent auction mailed-in bids for two weeks.
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How To » Finance & Real Estate » Real Estate » Buying » Buy a Foreclosed Home: Free Foreclosure Listings, Auctions. When a home that is guaranteed by this agency goes into foreclosure it becomes the property of the U.S. Government.