FORECLOSURES: GOVERNMENT OWNED

How is a Government Foreclosure Different?

Some home loans are provided or guaranteed by government agencies. When these loans go into default and then foreclosure, the government becomes the new legal owner of the home.

Similar to an REO opportunity, the government often is anxious to get rid of these foreclosed homes. Consequently, you may find bargains through government foreclosures.

In the foreclosure market, government foreclosures generally constitute a large percentage of the available opportunities.

How to Find Government Foreclosures

As with other foreclosure opportunities, CRN compiles government foreclosure listings that can be the path to your new home. We typically list government foreclosures throughout the United States and in a wide range of home prices. To explore these listings, please visit http://www.crnhome.com/ or call our friendly customer support representatives at 800-511-4236.

Remember, however, that government foreclosures pose the same risks as other foreclosure opportunities. It is absolutely imperative that you do your homework, examine comparables, and be as informed as possible about your impending property purchase.