Government Owned Homes-HUD Foreclosures

A great and often overlooked home market is still the Foreclosure Market, especially HUD Foreclosures. HUD Foreclosures are only single family homes that once had FHA Financing. When FHA backed homes default and go into foreclosure they automatically become HUD Foreclosure Homes. There have been some misconception that HUD homes are low income housing homes which in not true at all! There are still great opportunities in the East TN foreclosure sector such as the HUD foreclosures and Michele Bryan is Certified to sell HUD Foreclosures! The HomeSales.gov web site provides current information about Government Owned 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.

Currently the U.S. Departments of Housing and Urban Development (HUD), Agriculture (USDA/Rural Development), and Veterans Affairs (VA) have homes listed on this site. Learn how to buy them.

There isn't a lot of specific information about properties, but you can use an interactive map to click on a state and then select cities to view. See information on special financing, depending on the agency that owns the loan.

Michele Bryan is your Certified HUD Real Estate Broker in addition to being a USDA, Certified THDA and VA Real Estate Broker for the East Tennessee area. Michele works closely with USDA lenders to get her clients the home they want. If you are interested in a USDA, THDA, HUD or VA property, contact Michele 865-898-5408 to be referred to one the several approved lenders she works with!