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Jeff McIlhenny
Beacon Brokers Realty
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Find Gov Repossessed Homes | Print |

How do you find government-repossessed homes in the Charleston SC area?

The U.S. Department of Housing and Urban Development acquires properties from lenders who foreclose on mortgages insured by HUD. These properties are available for sale to both homeowner-occupants and investors.

You can only purchase HUD-owned properties. HUD will pay the broker's commission up to 6 percent of the sales price.


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