This article will begin to discuss locating government foreclosure real estate. There are Northeast Florida homes that have been foreclosed by HUD and are available to purchase. To find these North Florida homes, you can contact the U.S. Department of Housing and Urban Development also known as HUD. They accumulate properties from lenders who foreclose on mortgages insured by HUD. Both homeowner-occupants and investors can purchase these properties. A HUD-owned property must be purchased through a licensed real estate broker. Up to six percent of the broker’s commission is paid by HUD. HUD homes are sold as is. This means that some small repairs have been made, but no structural or mechanical warranties are available. The amount of the down payment will depend on the property’s eligibility for FHA insurance. North Florida foreclosure homes generally do not see many bidders because financing cannot be arranged. In most cases, bidders must show up with cash or some other method of payment.