U.S. government selling thousands of foreclosed homes under $100,000 across 38 states
By
player_piano
Summary
The U.S. government owns thousands of homes acquired through defaulted federally-backed mortgages, and resells them at deeply discounted prices. As of July 2026, 334 government-owned homes are listed under $100,000 across 38 states, with 77 under $50,000, 15 under $25,000, and the cheapest being a 3-bedroom house for $3,000. These properties are concentrated in the Rust Belt and rural South, sourced from HUD, Fannie Mae, and Freddie Mac.
Source
Hacker NewsU.S. government selling thousands of foreclosed homes under $100,000 across 38 statesgovauctions.appKey quotes
· 3 pulledThe U.S. government ends up owning thousands of homes when federally-backed mortgages default, and it quietly resells them - sometimes for less than a used car.
Right now 335 of them are listed under $100,000 across 38 states, 77 under $50,000, 15 under $25,000.
The cheap houses cluster in the Rust Belt and the rural South
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