Houston is the largest single city in Texas. As such, it is no surprise that the Department of Housing and Urban Development sells a great number of HUD foreclosures in the area. Those seeking to purchase Houston HUD homes should first learn how to look online for listings of these Houston properties. They can then hire a Houston real estate agent to help prepare documents and place bids on HUD homes in Houston.
First, head over to hudhomestore.com/HudHome/Index.aspx to find the home listings of Houston real estate being sold by HUD. Click on Texas inside the map and proceed to enter Houston or nearby city names in the search boxes on the next page. This will get you a list of all Houston HUD homes.
If you so choose, you can make an even smaller list of HUD properties in the Houston area by selecting a price range, size of the home and other house preferences. Investors often buy HUD properties, as well. HUD opens up some Houston properties to investment buyers. You can isolate these homes by using the “buyer type” menu to select “Investor.”
Find and choose a Houston real estate agent or broker to help you bid on HUD properties in and around Houston. HUD requires all buyers to use an approved agent or broker to submit bids on the listed real estate.
Next, you will generally need to get a loan to finance the purchase of any HUD Houston homes that you cannot pay for with cash. This is generally the way that owner occupants, but not investment buyers, acquire a HUD property.
Once you have all loan documentation and other paperwork settled, then have your Houston real estate agent submit house bids for you. You may also need to pay a certain amount of money to place bids on Houston properties.
HUD will either accept or decline your bid offer within a few days. If HUD Houston officials accept your bid, then you will start the process of completing the purchase of your new HUD home in Houston. At the closing, a closing agent approved to close on Houston properties will complete the closing documents.
Houston is located in Harris County. Under Texas law, this means that you will need to file a deed with the Harris County court clerk, who is also the real property recorder in Texas. If any Houston-area HUD home you purchase in outside that county, then you must choose the county of that property.
HUD Home Listings