Real estate can now be acquired easily through government auctions and sales. If you are in the home buying market, a government home may prove to be your best option. Many homes are seized for non-payment on a government-backed loan and can be a great investment opportunity. Government agencies offer these homes in order to recoup the damages incurred by a foreclosure claim.
Anybody can purchase a government home at auction as long as they employ a qualified representative such as an agent or broker. The U.S. Department of Housing and Urban Development currently has properties listed throughout the nation. Once you have searched and identified a home that suites your needs, your representative may submit a bid on your behalf. Government auctions can also include an array of seized property ranging from automobiles to personal items.