Bank Foreclosures and Bank Repo Homes are those properties which are put up for sale or auction by the banks which have taken charge of these properties after the home owner, to whom the mortgage loan has been extended for purchasing the house, has defaulted in making mortgage repayments to the bank. HUD Foreclosures, on the other hand, are the houses listed for sale by the US Department of Housing and Urban Development, which has been taken over from the homeowners after the latter, having FHA insured mortgages, could not meet their financial obligations. Investment in Bank Foreclosures, Bank Repo Homes and HUD Homes in the Golden State of California, Texas, New York, Georgia and Florida will be an option worth consideration for a real-estate investor. The housing market in the US is presently declining and mortgage delinquencies have been on the rise, and the prospect of another hike in interest rate looms large with rising inflation and rising bond yields.