| A Homebuyers Service From CLHLLC |
The Dept of Veterans Affairs (VA) acquires homes due to defaults on VA guaranteed loans.The properties are available through real estate brokers, and are sold to veterans and nonveterans.
The Federal Deposit Insurance Corporation (FDIC) sells homes by scheduled auctions.
The Internal Revenue Service (IRS) sells homes that are seized or acquired for nonpayment of internal revenue taxes. They are sold by public auction and by sealed bids.
The U.S. General Services Administration (GSA) sells homes seized, confiscated, foreclosed, or no longer needed by the Federal Government. Properties are generally sold by auction or sealed bid. Each bidder must place a bid deposit. Sales are made to the highest bidder at or above fair market price.
The Small Business Administration (SBA) acquires property while administering its loan programs, and these are available for purchase by the public.
The U S Army Corps of Engineers under the Homeowners Assistance Program (HAP), sells homes acquired as a result of a base closure or realignment action. The properties are then offered for sale to the public through real estate agents.
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