Upcoming Foreclosures

How do I buy foreclosures directly from the government?

Do you have to be a real estate broker or agent (and have brokerage license) in order to buy directly from the government? What prices can I expect on foreclosures in our declining economy? I don't want to pay anything higher than expected in our current economy. Where can obtain the foreclosure listings and other info for free? Please direct me to a proper website that explains all this. Thanks.

Public Comments

1. hud.gov is the best resource for what you want
2. Lenders foreclose, not "the government."
3. Start with this site http://www.hud.gov/homes/index.cfm.
4. The only government owned foreclosures I know of are HUD homes. I have never heard of HUD selling directly to a private person without it being listed with a Realtor. Of course you don't want to overpay, who does? Foreclosure websites are notoriously inaccurate, don't waste your time. I always suggest to buyers to consider more than foreclosures. There are plenty of good deals out there, so limiting your search to foreclosures is not a good idea. Plus, lenders can be very challenging to work with, making a home purchase very frustrating. Good luck in whatever you decide to do.