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66605 : Real Estate Advice

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Activity 2
Wed Jun 1, 2011
Tim Moore answered:
First, the gov't does not have foreclosures, banks and lenders will do any foreclosing. Homes in foreclosure are not often cleaned, not the ones I have seen. Once the foreclosure process is over and the house is resold at public auction, then it will be owned by someone or some thing like the bank. At this point the gov't could get the house back, this would then be a fannie mae or other gov't division that owns it. It is not longer a foreclosure, but could be called a previously foreclosed home. ... more
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