The source of the foreclosure determines the rules of the sale. Major categories include: How to Buy a Foreclosure - Jeff Cook Real Estate
Guide to Buying a Government-Owned Home Purchasing a government-owned home—often a property acquired through foreclosure on a government-backed mortgage (like , VA , or USDA loans)—offers unique opportunities for discounted pricing and specialized financing. However, these transactions differ significantly from private sales, requiring specific agents, strict bidding windows, and "as-is" purchase terms. 1. Types of Government-Owned Properties buying a government owned home