Sandro's Real Estate
6201 Matlock Road., Suite 129 Arlington, Texas 76021
Tel: (817) 784 - 2716
HUD Homes For Sale: At Sandro's Real Estate we are approved HUD brokers. Almost all bidders for HUD listed homes must use a HUD broker or an agent registered with a HUD broker to bid on a HUD home for sale. Market demand for these affordable HUD homes continues to increase each and every year, so if is very important that you have a registered HUD broker before you start the bidding process.
If you have Internet access, call us and we'll walk you through accessing the available properties. If you do not have a computer or are unfamiliar with the Internet, come into our office and we will assist you in person.
What Is A HUD Home?
The United States Department of Housing and Urban Development (HUD) oversees the Federal Housing Administration (FHA), which provides federal insurance on home mortgages. If a homeowner fails to make payments on a FHA loan, the mortgagee forecloses and files an insurance claim with HUD. In exchange for paying off the unpaid loan balance to the mortgagee, HUD receives title to the property. At this point, the house becomes a HUD home.
Who Can Buy A HUD Home for sale?
Anyone.....
How do I buy a HUD home?
Start by finding a participating real estate agent. Your real estate agent must submit your bid for you. Normally, HUD Homes are sold in an "Offer Period." At the end of the Offer Period, all offers are opened and, basically, the highest reasonable bid is accepted. If the home isn't sold in the initial Offer Period, you can submit a bid until the home is sold. Bids can be submitted any day of the week, including weekends and holidays, (but only after the initial Offer Period). They will be opened the next business day. If your bid is acceptable to HUD, your real estate agent will be notified, usually within 48 hours.
If my bid is accepted, then what happens?
We here at Sandro's Real Estate will help you through the paperwork process. You'll be given a settlement date, normally within 30-60 days, by which you need to arrange financing and close the sale, or forfeit your earnest money deposit, or pay for an extension of your sales contract.
Sandro's Real Estate
Call Us Today!
817-784-2716
Contact Scott D'Alessandro for free listing
Contact Al D'Alessandro for free listing
Send E-Mail to: scott@sandros.biz
Copyright © 2001 Jennifer Caddell. All Rights Reserved