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While government foreclosure homes can offer great savings and instant equity to buyers, the finer points of this particular kind of foreclosure should not be treated lightly and ignored.
The main source of government foreclosures homes is the Department of Housing and Urban Development. The agency only works with real estate brokers and agents which they have certified. Any broker or agent worth their salt are certified by the HUD and it is a matter of finding one you can work with. These agents know the inns and outs of buying from the government and can break it down to you in understandable terms. These agents claim their commissions from the HUD so you need not concern yourself with this aspect.
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