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finding gov repossessed homes PDF Print E-mail

How do you find government-repossessed homes in the North Carolina area?

The U.S. Department of Housing and Urban Development acquires properties from lenders who foreclose on mortgages insured by HUD. These properties are available for sale to both homeowner-occupants and investors.
You can only purchase HUD-owned properties. HUD will pay the broker's commission up to 6 percent of the sales price.
Down payments vary depending on whether the property is eligible for FHA insurance. If not, payments range from the conventional market's 5 to 20 percent.
One caution. HUD homes are sold "as is," meaning limited repairs have been made made but no structural or mechanical warranties are implied.


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Jay Rogers
The Real Estate Savings Center, LLC
1233 Spoon Court
Mt. Pleasant, South Carolina,
Office: 843 849 7587
Cell: 843 367 7587
Fax: 800 889 1847
Lic. #: 24852

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