The internet provides easy access to HUD home sale listings in Texas
The number of government-foreclosed homes in Texas has risen over recent years. While this is very unfortunate for many homeowners, you may use HUD home sale listings in Texas to find and affordable home.
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If you found it difficult to afford a home five years ago, changes of finding good deals on homes now are good. Since the government is not trying to generate huge profits from the foreclosed homes, most properties are priced below market value. The U.S. Department of Housing and Urban Development (HUD) is attempting to recover money lost when homeowners defaulted on mortgage loans backed by the Federal Housing Administration (FHA).
Use a real estate agent
Some real estate agents are trained to locate, list, and sell HUD homes. You don’t need an agent to shop for homes, yet you will need one to place a bid on a HUD home listing in Texas. Plus, these real estate agents often have access to real estate sales before they are advertised publicly. Some HUD home sales require you to pay the agent commission, so watch the listings and talk to your agent about fees.
If you want to search HUD home sale listings in Texas on your own first, look at realty websites and HUD’s Home Store website. There are even websites that only list information about foreclosures for sale. Many of those sites charge a membership fee while the realty sites and HUD’s site are free.
Check pubic records
Another way you can find HUD home sale listings in Texas without the help of an agent is by looking through public records at your local courthouse. Look for Notice of Default (NOD) or Notice of Sale (NOS) notices filed with your county clerk. The law requires these notices be filed in public records and printed in local newspapers when they are sent to homeowners in default.
You may be able to buy a home from the owner in pre-foreclosure before the lender actually forecloses on it. Plus, if you are looking at homes in a certain neighborhood, you will probably see other sale signs for homes being sold in pre-foreclosure and foreclosure. These signs will also provide the contact information for real estate agents who specialize in foreclosure sales. Reply! is a also a great resource for HUD-approved real estate agents and foreclosed homes in your area.