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The Real Estate Store is the listing broker for HUD properties in 18 Texas counties; however, we do list many other properties as well. Our HUD counties are: Brown, Callahan, Coke, Coleman, Comanche, Eastland, Erath, Fisher, Jones, Hamilton, Nolan, Palo Pinto, Runnels, Scurry, Shackleford, Stephens, Sterling, and Taylor.
If you would like to view properties listed by our company use this quick and easy form:
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Who Can Buy a HUD Home?
Any qualified purchaser can offer to buy a HUD home, regardless of race, color, religion, sex, national origin, handicap, or familial status. We abide by all U.S. Fair Housing standards and guidelines.
Before making an offer, prospective buyers must have a letter, written on the stationery of a mortgage lender, stating that they have been approved for the loan amount needed. This means that the Credit Report has been performed, reviewed, and approved by the lender. The letter must state that on the basis of this review, the mortgage financing for a specified dollar amount sufficient to purchase the property should be available to the buyer. Buyers paying cash must provide proof of available funds.
All HUD Owned properties are sold "as is." HUD does not make any repairs. There are no representations or warranties, express or implied, on the houses. HUD does not guarantee the condition of any house, listed FHA-insurable or not, or whether it meets local codes or zoning requirements.
HUD Owned homes are sold by electronic bid. Bids are submitted on the behalf of buyers by real estate agents who have a valid NAID number. Bidding preference is given to Owner-Occupants.
Earnest money required is either $500 or $1000 depending on the price of the home. For a vacant lot, the deposit is equal to 1/2 the price of the lot. More information on the bidding process is available at www.SouthwestAlliance.com.
Information presented here is subject to change by HUD.
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Additional Information About Buying HUD Homes
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Important HUD Info
Included here is a sample of documents that you will be required to sign as part of your contract package when you purchase a HUD owned property. Other documents may be rquired depending on the specifics of the property and the associated agreement to purchase.
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