How to Buy HUD Foreclosures?

Answer The Office of Housing and Urban Development (HUD) offers mortgage assistance to low income and first time buyers. This assistance is called FHA mortgage insurance and ensures that a mortgage will b... Read More »

Top Q&A For: How to Buy HUD Foreclosures

How to Bid on HUD Foreclosures?

When an individual loses his home to foreclosure, his lender seizes the property and allows the public the opportunity to purchase it through a live foreclosure auction. These auctions are traditio... Read More »

Who manages VA foreclosures?

The U.S. Department of Veteran's Affairs manages all VA foreclosure properties but does not market them. BAC Home Loan Servicing LP, a subsidiary of Bank of America, is the company that actively ma... Read More »

Foreclosures & the Tax Consequences?

Losing a home to foreclosure can result in federal taxable income to the former homeowner. If the foreclosure proceeds do pay off all mortgage debt secured by the property and the borrower is not r... Read More »

IRS Taxes & Foreclosures?

Homeowners who fail to file or pay income tax regularly can be subjected to additional fees, penalties and even have liens placed on their property. These liens can result in an IRS tax foreclosure... Read More »