| Government foreclosure listings give you a chance to | | | | stay in their homes. |
| find great foreclosure properties at rock bottom prices. | | | | Non-Judicial Foreclosures |
| Many smart and experienced real estate investors | | | | On the other hand, non-judicial process does not |
| subscribe to foreclosure listings to make the task of | | | | involve the court system, thus the foreclosure process |
| finding great foreclosure property deals easy and | | | | is faster compared with the judicial procedure. One a |
| quick. | | | | distressed homeowner received a notice of default, his |
| However, before you start browsing a foreclosure list, | | | | only legal options to stop the foreclosure are to file a |
| you should know the different types of government | | | | lawsuit seeking an injunction or file a bankruptcy. |
| properties that you can expect to see on a list. These | | | | What You Can Get From Government Foreclosure |
| include judicial foreclosed homes and non-judicial | | | | Listings |
| foreclosed homes. | | | | A government foreclosure list contains different types |
| Judicial Foreclosure | | | | of foreclosed properties, including VA foreclosures, |
| In judicial foreclosure, lenders are allowed to foreclose | | | | HUD homes and even tax foreclosed properties. A |
| on a property through the court system. In some | | | | good listing contains pertinent information that can help |
| cases, a distressed homeowner is required to appear | | | | you make an informed buying decision such as |
| in court that is handling the foreclosure case. This | | | | location, prices and property features. It also identifies |
| foreclosure process makes sure that lenders will not | | | | the government agency that is holding the foreclosed |
| take advantage of the distressed homeowners. It | | | | properties. |
| allows homeowners to contest the foreclosure, | | | | Using government foreclosure listings can save you |
| especially if the lenders failed to provide proper | | | | time and energy in finding bargain foreclosed |
| notifications or follow federal or state laws. During the | | | | properties. |
| proceedings, distressed homeowners are allowed to | | | | |