Foreclosures come with many names REO (Real Estate Owned), Lender Owned, HUD (see
below) or Short Sales (almost foreclosed on). Some are pretty good deals, while
others may take a lot of fixups. Phoenix is near the top of the list with foreclosures
so take a look at the statistics below. If you are interested in these, click no
the HUD links below, or take a look on our SearchMLS page. On the right side there
is a Hot Link just for these properties.
U.S. Department of Housing and Urban Development - HUD
A HUD home is a 1 to 4 unit residential property acquired by HUD as a result of
a foreclosure action on an FHA insured mortgage. HUD becomes the property owner
and offers it for sale to recover the loss on the foreclosure claim.
The HUD Home Store
provides a listing for Real Estate Owned
(REO) single-family properties. The site provides a centralized location to search
for HUD properties for sale. Although anyone can search for property, only registered
real estate agents and other organizations can place bids for their clients.
Click to access the HudHomeStore
online. If you find something you like, please
contact us. We can show you the home as well as place bids on your behalf. Please
if you have any questions or need assistance.