Study: Government Foreclosures Undervalued on Average by 8 to 10 Percent

Heavy Hammer, Inc., and reveal unprecedented opportunities for home buyers through undervalued foreclosure properties

ANNAPOLIS, Md., December 21, 2009 – Amid recent media reports that there is declining interest among American home buyers in purchasing foreclosures, real estate experts at Heavy Hammer, Inc., and cite a recent study showing that foreclosures are routinely underpriced by 8 to 10 percent.

Huge, unprecedented savings are being realized as the government stimulates the housing market in the face of a steadily rising national inventory of foreclosures. Incentivizing aggressive valuations of these properties by third parties is creating opportunities of a lifetime for first time homebuyers.

Heavy Hammer, Inc., CEO Michael Urbanski, says the little-known rules governing the appraisal process for foreclosure properties include requiring only a single appraisal for government foreclosures and requiring the acceptance of bids well below asking price.

“This undervaluing of real estate held by the federal government is good news,” Urbanski said. “This sort of government assistance opens up incredible opportunities to buyers who have a basic understanding of the process. Most importantly, it could go a long way in getting the market back on the right track.”

Each month, provides more than 500,000 prospective first time home buyers, investors and real estate professionals the most up-to-date tools and insider tips and information to take advantage of today’s foreclosure market. To learn more about America’s only free foreclosure resource, visit If you are a real estate professional interested in becoming a foreclosure expert, call (800) 880-8584 for more information about’s free real estate agent training program.

About Heavy Hammer, Inc.:

Based in Annapolis, Md., Heavy Hammer, Inc., is an online networking and consulting company geared toward connecting real estate professionals with potential clients. In business since 1998, Heavy Hammer has focused on geographically-based ad serving technology and processes allowing professionals to target specific locations and connect directly with consumers in those locations. Heavy Hammer also drives one of the most widely used suites of foreclosure Web sites. Starting with in 1999, this group of sites now includes,,, and many others including over 30 state and region-specific sites that connect more than 500,000 home buyers each month with thousands of real estate professionals across the country.

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HUD Foreclosures
Free Foreclosure Listings
Foreclosure Listings Increasing

HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Free Foreclosure Listings is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.