Bank Auctions
A foreclosure where the owners failed to pay their mortgage or taxes. The property
then becomes seized and is often sold via auction at substantially reduced prices.
HUD Homes
Homes designated by the United States Department of Housing and Urban Development.
These homes are financed through low-cost loans so that they can be sold quickly
and cheaply.
VA Homes
The Department of Veterans Affairs (VA) acquires properties as a result of foreclosures
on VA-guaranteed and VA-financed loans. These acquired properties are marketed for
sale, typically at a reduced cost.
Private Auctions
The same network of Public & Private Auctioneers that the government uses to liquidate
their excess property. Find the auctioneers in your area that specialize in the
liquidation of real estate.