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Do government agencies sell foreclosed homes?

April 26, 2017agencies foreclosed government homes sell

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Do government agencies sell foreclosed homes?

1 Answer

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If a property loan was insured by a government agency such as, HUD, Fannie Mae, or Veterans Affairs, the governing agency will reimburse the original lending institution and take possession of the foreclosed home or property and sell it to the public mostly through a property management company.