Homes for Sale by the U. S. Government

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The HomeSales.gov web site 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.

The website has an easy to use interface where you can click the state of interest on a US map, then indicate the city or town you are interested in. A listing of all available homes is shown. Many of the properties have detailed information including pictures, a property condition report, and contact information for more details.

Since many of the homes are offered through auction, the bid the bid price and bidding information is presented as well. The listing indicated which agency is selling the property, and the appropriate manner in which to place a bid or offer on the property.

continue reading "Homesales.gov, One Stop Shopping for Buying Surplus Homes From The US Government."

Many novice real estate investors find that FHA foreclosures are the best way to successfully invest in foreclosed properties. The Federal Housing Administration makes loans to help many people buy or renovate their properties.  The FHA has been known to make loans that traditional banks would not consider and as a result,  they have a high rate of defaults.  This makes FHA foreclosures some of the best investment opportunities in real estate, as well as a great way to own an affordable home.
continue reading "FHA Foreclosures: Novice Real Estate Investors Best Bet"