How do agencies list and sell Government Foreclosures?
Government foreclosed homes are usually placed on public auction and can be purchased by anyone with the help of a real estate agent, broker, or servicing representative. The agent, broker, or servicing representative must submit the bids for interested homebuyers. Because agencies have strict guidelines for bidding and access to foreclosure listings it is helpful to seek assistance from a housing counseling agency. These agencies provide very useful counseling services for those interested in buying foreclosed properties. Government agencies list all available foreclosed properties on Internet listing sites maintained by companies contracted with the government agencies. There are special reductions and incentives for particular groups, including law enforcement officers, teachers, firefighters, emergency medical technicians, nonprofits and local governments. The best thing to do as a homebuyer or investor is to contact a housing counselor or real estate agent or broker to help guide
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