This is a HUD Home that the government's Department of Housing and Urban Development foreclosed on after the original owner stopped making payments.
This home is sold via an auction process whereby the highest bidder wins the home, but usually at prices affordable for lower-income families. Owner-occupants are given preference before investors.
This property is in initial default, also known as Pre-Foreclosure.
The homeowner of this property has missed at least one payment and is now considered delinquent. In order to avoid a full foreclosure, the homeowner may be willing to sell this home at an attractive price. No asking price is posted on Pre Foreclosures because these properties
This property is Real Estate Owned, or REO.
The property was foreclosed and repossessed by a lender when the owner failed to make payments. A bank is now the owner. Since banks are not in business to own homes, they are usually interested in selling foreclosed homes quickly at attractive low prices. A list price is published but reasonable offers
This property is in initial default, also known as Pre-Foreclosure.
The homeowner of this property has missed at least one payment and is now considered delinquent. In order to avoid a full foreclosure, the homeowner may be willing to sell this home at an attractive price. No asking price is posted on Pre Foreclosures because these properties
