Foreclosed homes collectively account for nearly half of all real estate-owned or REO properties in the U.S. Attracting private capital into hard hit neighborhoods is critical in accelerating the stabilization of local markets. In keeping with the directive of providing better and more timely information of Hud Homes for sale, the U.S. Department of Housing and Urban Development announced a new web-based mapping tool displaying the location all foreclosed properties currently offered for sale by Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA) known as HUD’s REO Portal.

The tool enables users to search a specific address or neighborhood, as well as estimated delinquency counts based on HUD analysis for local NSP program activities. In addition to mapping individual properties, the portal provides consolidated listing data for user-defined neighborhoods with details such as list date, price, number of bedrooms, bathrooms, and links to Homepath (Fannie Mae), Homesteps (Freddie Mac), and HUD Homestore (FHA) to connect potential buyers to the acquisition process.

Innovative tools like HUD’s REO mapping tool gives local communities a much more defined picture of where these foreclosed properties are so they, along with private investors, can better focus their resources.