ForeclosureWise
Be Wise In Your Real Estate Investments
HUD Foreclosures By State
You've found a property now what?
Who do I contact?
How do I finance it?
What it is worth?
What about repairs?
HUD Foreclosures
The Department of Housing and Urban Development (HUD) insures mortgages though the Federal Housing Administration (FHA) program. When a borrower, whose loan is FHA insured, goes into default, HUD compensates the mortgage holder for the loss and places the foreclosed property in its REO inventory. HUD has contracted with several companies throughout the country to dispose if its REO properties.
Below you will find links to those contractors as well as the states they represent. To place offers you must contact a licensed real estate agent.
Michaelson, Connor & Boul - Arizona, Colorado, Michigan, Montana, Nevada, Utah, Wyoming
Cityside Management Corporation - Arkansas, Connecticut, Louisiana, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont
PEMCO - California (North), California (South), Hawaii, Guam
NHMS - Florida, New York, New Jersey, Ohio
HMBI - Alaska, Idaho, Illinois, Indiana, North Carolina, Oregon, South Carolina, Virginia, Washington, West Virginia
Pyramid Real Estate - Kansas, Kentucky, Missouri, Oklahoma, Tennessee
Home Source - Maryland, Washington DC
Hook Van Holm, Inc. - Alabama, Delaware, Mississippi, Pennsylvania
Best Assets - Iowa, Minnesota, Nebraska, North Dakota, South Dakota, Wisconsin
Southwest Alliance - Texas, New Mexico
Atlantic Alliance of Asset Managers - Puerto Rico, Virgin Islands