Free List Of Foreclosed Homes
Government foreclosures are properties seized by the government for non payment of mortgages through government programs – VA, HUD, FHA, etc. So if you are looking for seize on the foreclosures home buyers market than I would suggest hitting up Midwestern Lending. HUD uses its own contracts and many different forms, addendums and disclosures that the Miami real estate agent must be familiar with. When the homeowner can no longer make payments and the house is foreclosed on, the Department of Urban Development has to take responsibility for the property.
HUD homes will be offered through in a bidding cycle that initially is a sealed bid period followed by a daily bidding cycle. HUD loan programs available. While HUD does not provide direct financing for the purchase of a HUD Home, it may be possible for you to qualify for an FHA-insured mortgage to finance the purchase.
You will want …