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The government sells property that is has seized or doesn't need through public auction or other methods. Real estate includes commercial buildings, investment properties, land, multifamily and single family homes, condominiums, mobile homes, farms, ranches, and agricultural properties.

Why Buy Government Acquired Real Estate?

  • Properties can be bough at below market prices
  • Government financing is sometimes available
  • Less competition
  • Properties are available in both rural and urban areas.

Where to locate good government properties

Housing and Urban Development: HUD

Great houses at below market prices. These are foreclosed, seized houses that formerly had FHA loans on them.

Veteran's Administration: VA

Many seized properties available. Easy qualification.

IRS and Property Tax Sales

The IRS auctions property that has been seized for delinquent federal income taxes. County governments also sell properties that have been seized for unpaid property taxes.

Other Government Agencies

You can buy land, homes and commercial buildings through the GENERAL SERVICES ADMINISTRATION'S sealed bid sales and auctions.

If you are looking into buying and would prefer to use any of these' government programs...please call my office today and i would be gladly to help you.


Posted by Nancy Bonilla-Ingles on August 5th, 2009 9:09 AMPost a Comment (0)

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