Denton County HUD Homes

Denton County HUD Homes

A HUD Home is a single family home or other type of residence that is backed by the Federal Housing Administration / FHA and is now in foreclosure. Once a home backed by the FHA goes into foreclosure, it is deeded back to HUD by the lending mortgage company.

A HUD Home is a government foreclosure.

Buying HUD Homes

Once HUD gains control over the FHA backed home, it sells the property to recover its losses. These homes are available to almost anyone who qualifies financially.

HUD Homes are initially ofered for sale to buyers who intend to use the property as their primary residence, then if it's not sold, it is offered on the market to real estate investors HUD Homes are offered to the public on websites that are maintained by HUD approved companies.

Denton County HUD Homes

A real estate broker must be registered with HUD to make an offer and contract on HUD owned real estate. The real estate commission is paid by HUD. Certain groups are able to get special rates for buying HUD homes, including police officers, teachers and firefighters through the Good Neighbor Initiatives.

• HUD Homes are sold AS IS, without written warranty.
• Some HUD Homes qualify for FHA Loans.
• Once your offer is accepted, you should get a home inspection.

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Why Specialized Realty for buying Foreclosures?

• Our firm specializes in Texas foreclosure properties.
• Our agents are foreclosure experts.
• Our foreclosure focus experience helps us to keep you from potential penalties.
• Our foreclosure expertise ensures a smooth process for our buyers.
• Our experience in working with foreclosures helps you avoid any unforeseen penalties.
• We can make you aware of foreclosures before they go on the market.
• SRG buyer's agents represent the buyer, not the seller.
• We offer a market analysis to assist with negotiations.
• We have connections with lenders and mortgage who know foreclosures best.
• We work with foreclosures on a daily basis, so we know when a "hot deal" comes up.
• We offer foreclosures throughout North Texas.
• We have connections with lender and mortgage providers with hands-on experience working with foreclosures.

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