Government Foreclosures

Government foreclosures are very common. Not only federal government foreclosures are common, but state and local government foreclosures are also common. Government foreclosures can be good investments for real estate investors. With government foreclosures, the particular government obtains the title of the real estate property, hold them in their inventories hoping to get rid of them soon. There are residential government foreclosures, commercial government foreclosures, and industrial government foreclosures.

What happen to government foreclosures?

Government foreclosures are sold to the highest bidders. Most government foreclosures are listed on each specific governmental website with appropriate information. Real estate investors can also request government foreclosures listings for free of charge or at a small cost. There are many types of government foreclosures and we will discuss some below.

Government foreclosures: HUD Foreclosures

The US Department of Housing and Urban Development or HUD or the Federal Housing Administration or FHA hold a large portion of government foreclosures or HUD foreclosures. HUD foreclosures occur when HUD borrowers default on the HUD or FHA loans. HUD foreclosures or FHA foreclosures are government foreclosures. More about HUD foreclosures in later section.

Government foreclosures: VA foreclosures

VA foreclosures are also common. VA foreclosures or Veterans Administration foreclosures are foreclosures by the Department of Veteran's Affairs or DVA. The Department of Veteran's Affairs repossess (foreclose on) the real estate properties. VA government foreclosures are easy for real estate investors to invest in.