HUD Foreclosure Listings now available with an Interactive Map

screenshot of new HUD REO Mapping Tool Website

(Best Syndication News) - The US Department of Housing and Urban Development (HUD) launched a new website that will map locations of all the Fannie Mae, Freddie Mac, and the Federal Housing Administration foreclosure listings. HUD said that almost half of all foreclosed properties are owned by these agencies.

The mapping tool was designed to help aid communities with the HUD Neighborhood Stabilization Program (NSP). The program was created to help either rehabilitate or demolish foreclosed properties.

HUD Secretary Shaun Donovan explained that the mapping tool helps visualize the foreclosures in the local community.

Additionally, the foreclosure-mapping tool could benefit homebuyers. Real estate investors may be better able to locate foreclosed properties. Other homebuyers may consider the foreclosures in the neighborhood that they are considering living in.

The new HUD website with mapped foreclosure listings can be found at http://www.huduser.org/REO/reo.html.

By: John Waters

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