2006-11-21 14:23:38 · 6 answers · asked by sadfafghd 2 in Business & Finance ➔ Renting & Real Estate
Both HUD and VA have contracts with companies to administer the sale of their properties. There is a link to the HUD properties through the HUD website. Select state, then it will redirect you to the contractor. VA goes through Ocwen. They also do some REO properties (Real Estate Owned - means lender owned).
If you are looking for some cheap property, try Weld County Colorado. We currently have the highest foreclosure rate in the nation. Our rate is 700% higher than the national average.
http://www.hud.gov/
http://www.ocwen.com/reo/home.cfm
http://www.mcbreo.com this one is for CO, AZ, WY, UT
If you have additional questions on these email me. I've sold HUD, VA and REO homes, as well as private owner homes and new homes.
2006-11-21 14:49:11 · answer #1 · answered by Dawn J 4 · 0⤊ 0⤋
Yes. HUD and VA foreclosures can be good deals if you are patient and have a good Realtor. Of course, if you have a bad or dishonest Realtor, then you will overpay for the property.
2006-11-21 14:28:01 · answer #2 · answered by teran_realtor 7 · 0⤊ 0⤋
You can, get your self a good BROKER. I would skip the agents, you want someone you isn't paying anyone else.
There are AMAZING deals with auctions, but, you really need to get someone who knows what they are doing. As the brokers do not get a commission from auctions you should negotiate the price before hand.
2006-11-21 15:14:22 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Yes, ask your realtor to look for HUD properties.
One of my relatives bought a house about 3 years ago for $55,000.00. It's now worth $135,000.00. We put a little of work into it, not more than $4,000.00, a lot of this homes tend to be in not such good shape.
2006-11-21 14:52:09 · answer #4 · answered by Estrella 2 · 0⤊ 0⤋
which government ?!
2006-11-21 14:28:25 · answer #5 · answered by Anonymous · 0⤊ 0⤋
no.
2006-11-21 14:33:58 · answer #6 · answered by 24 1 · 0⤊ 0⤋