April 25, 2008
Government Foreclosures – For Real Estate Investors
Within the category of government foreclosures you can consider quite a many different sources. These include VA foreclosures from the Department of Veterans Affairs, HUD foreclosures from the Department of Housing and Urban Development, the General Services Administration, the Department of Treasury, the Small Business Administration, the Department of Agriculture (USDA), the Marshals Service, the Federal Deposit Insurance Corporation (FDIC) and also Fannie Mae. At last count there were about 37 different government departments through which you can locate foreclosure properties. One site that has compiled listings from a few of these departments is www.homesales.gov.
The more commonly known government foreclosures are through HUD and VA and more information about those can be found on the following pages respectively:
There are pros and cons with each so weigh up whether they are for you and also consider the following lesser known government foreclosures.
Full article… Government Foreclosures – For Real Estate Investors
Popularity: 7% [?]
Filed under Acquisitions by Scott Roemermann
April 18, 2008
Foreclosures – Where To Find Great Foreclosure Listings
Note: check out our database of foreclosure homes which has over 1.5 million listings including an extensive supply of bank foreclosures. It now includes all Wells Fargo foreclosures since their asset manager, Premiere Asset Services, has signed up.
Once you've decided to start investing in foreclosures, you still have one big step left to handle. You must find the right foreclosure listings. There are numerous sources of foreclosure properties and I find it helpful to divide the sources into two broad categories: government foreclosures and bank foreclosures.
Within the category of government foreclosures you can consider quite a many different sources. These include VA foreclosures from the Department of Veterans Affairs, HUD foreclosures from the Department of Housing and Urban Development, the General Services Administration, the Department of Treasury, the Small Business Administration, the Department of Agriculture (USDA), the Marshals Service, the Federal Deposit Insurance Corporation (FDIC) and also Fannie Mae. At last count there were about 37 different government departments through which you can locate foreclosure properties. One site that has compiled listings from a few of these departments is www.homesales.gov.
Full article… Foreclosures – Where To Find Great Foreclosure Listings
Popularity: 9% [?]
Filed under Acquisitions by Scott Roemermann
March 21, 2008
HUD Foreclosure Fortunes: Reality or Myth?
Foreclosures are largely considered a great opportunity for investors to pick up heavily discounted properties and some significant instant equity. As such many people seem to be on the hunt for more information about HUD foreclosures. I hope to shed some light on the topic and answer the following questions:
- what is a HUD foreclosure?
- how do I find a HUD foreclosure?
- what special rules and procedures are involved?
- do they really stack up as a great investment?
Hopefully that will give you enough information to evaluate this as an investment opportunity and know where to begin.
HUD homes are owned by the United States government through the Department of Housing and Urban Development. When a foreclosure is carried out on these homes, the ownership of the home reverts to the government, for use or "disposal" as they see fit. HUD contracts management companies to handle the preparation and sale of the homes in each state. Their respective websites which list all the HUD foreclosures are sorted by state on the HUD website here.
Full article… HUD Foreclosure Fortunes: Reality or Myth?
Popularity: 12% [?]
Filed under Acquisitions by Scott Roemermann
