Buying a foreclosed property can allow you to own a quality home for a fraction of its market value. However, moneh public foreclosure auctions are the most common type of foreclosure sale, they may be too fast-paced for some buyers. GOV foreclosure homes are foreclosed homes owned by government agencies obtained in one of two ways: either the previous owner defaulted on a government loan used to finance the property, or the previous owner failed to pay property or income taxes. Make money government owned properties guide will introduce you to the different agencies that may have GOV foreclosures for sale in your area and how to buy these foreclosures. This article was co-authored by Carla Toebe. Categories: Buying Property Foreclosure Government. Log in Facebook Loading Google Loading Civic Loading No account yet?