The Federal Gov’t is a major player in many foreclosures. It’s programs help people buy homes with low down payments. These programs are sponsored by HUD’s Federal Housing Administration (FHA) and the Veterans Administration VA.  When one of these loans goes sour, HUD or VA takes title to the home and sells it as a foreclosure.

HUD and the VA run very visible foreclosure sale programs. They require that you to use a Realtor to see the homes and to place a competitive bid for the homes. HUD and VA advertise their foreclosure homes on the Internet. You can access their WEB Sites by clicking the link at the bottom of this page. 

Both HUD and VA pay my commission as a part of the sale price and follow a practice of giving priority to prospective owner occupants.  But, they also offer some homes to investors. Getting started is easy …You need to take action on four fronts.

First … You should align yourself with a Realtor . We can meet, discuss Foreclosures, the home you’re looking for, the services I provide and agree on how we’ll work together

Second … You need to get started down the path for a home loan. When we find a home you want, you’ll need financing to be able to bid. I can help you plug into the best sources of financing for your situation.

Third … You must have a ready source of $1,000. It takes a refundable deposit to bid on these homes ... Even if you’re going to buy one with no down payment financing.

Lastly … You’ll want to spend some time checking out neighborhoods and inspecting a few foreclosure resale homes. That way you’ll have a sense of value and become familiar with areas and models that look interesting to you. I’ve got a system which can feed you information on a continuous stream of homes. I’ll make it possible for you to look at your own pace and not have to worry about missing out on the homes that you’d want to buy.

So ... Let's get started ... Give me a call or email and I'll be happy to get together with you and 'kick-off' the process.