Government Foreclosures
Houses that have been foreclosed on that are available through either the Veteran's Administration (VA) or the Department of Housing and Urban Development (HUD) are made available for sale when clear title is obtained from the lender.

HUD Foreclosures
HUD foreclosures are homes that were sold with FHA insured mortgages.  They have been foreclosed on by lenders and have reverted to the Federal Government to be  resold.  HUD homes are sold in "As Is" condition, which means that the government is not warranting or guaranteeing in any way the condition of the home.  It is the buyers responsibility to have the home inspected.  Many of these homes need repairs, but some are in excellent condition  Most are excellent buys. 1st HOME.cc is a HUD approved broker and will represent you in your purchase of a HUD home.

First Preston, the Government's HUD representative provides information on all HUD homes in the area.  All local HUD Foreclosures are listed on the First Preston web site.

By making these homes available, we hope that you will find a home in the area you want to live it, drive by it, and if you would like to look it it, give us a call and we will gladly meet you at the home and show it to you.  HUD will accept bids on their homes, however, they generally sell for close to the asking price.

VA Foreclosures
The Veterans Administration will guarantee loans  for eligible veterans.  In the event they cannot make the payments, the loan is foreclosed on by the bank or mortgage company and the house reverts to the Veterans Administration.  These houses are listed for sale for a period of 15 days, and the VA will take the highest bidder.  The price that the house is listed for is usually the balance due on the mortgage.  Usually these homes sell for more then the listed price.

VA Foreclosures are listed on the VAHomes.org web site.