Dallas, the biggest city in the huge Dallas-Fort Worth metroplex, is the third largest single city in Texas and one of the biggest in all of the U.S. Naturally, there are many HUD homes for sale in such a large place. Dallas HUD homes are listed online by HUD nowadays on its own property listing site. Buyers should use those listings to find HUD homes in Dallas and then seek to purchase them by placing HUD bids via an approved Dallas real estate agent.
The property listing site operated by HUD is at hudhomestore.com/HudHome/Index.aspx. The front page has a map that you can use to select Texas. On the next page, you can then select Dallas or any other city (Fort Worth and Arlington are two cities in the metroplex with many HUD properties for sale). You will then get a full list of Dallas HUD homes for sale.
Many buyers may also have specific requirements for a home. Searchers can also narrow down the range of results by prices, size and other home characteristics.
If you find a good HUD Dallas home that you think you want to buy, you should then find a Dallas real estate broker. Only agents or brokers can place bids with HUD to buy real estate in the agency’s listings. You can find approved professionals for this task by using the same website’s “Find a Broker” search engine. Select Dallas as the city to find brokers to assist you in buying HUD homes in Dallas.
Arrange to get a Dallas lender to provide financing for your home purchase. Just like other real estate sales, you can pay for a Dallas HUD property with a loan instead of cash. Indeed, if you do not have the cash, you will certainly need a loan.
Take all documents requested by your Dallas agent so he or she can put together the bid package. The agent will then submit the bid to HUD Dallas officials.
The closing on a HUD home in the Dallas area will then take place over the next few weeks if your bid is accepted. HUD also approves Dallas-area closing agents to complete the documents for this process.
Texas law dictates that the new owner of real estate needs to file a deed with the county recorder’s office (which is the county clerk in each Texas county). Get a deed for each Dallas HUD home that you purchase and file it in Dallas County or another county if the property is located in a surrounding county.
HUD Home Listings