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How Government MS Foreclosures Differ

Government MS foreclosures are under the control of the US Department of Housing and Urban Development (HUD). These homes are acquired only by the HUD after the foreclosure proceedings have been initiated. HUD homes are usually offered at prices that are lower than market value and are often good deals for people with low income and investors. Anyone can purchase a government foreclosure but priority is given to people who are buying a permanent residence, teachers, police officers, and evacuees. Those who are interested in HUD properties have to find a real estate agent who is licensed to transact with the HUD.