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All HUD Homes are sold "as/is where is with all faults". That does not mean that a particular home has faults but if it does, HUD will not make ANY repairs.  HUD homes are listed for 10 days. During that 10-day period potential buyers are allowed to view the homes with the help of a HUD Approved Broker (which we are) in order to determine if they want to make a bid on the home. All HUD homes are sold using a sealed bid process.  We list HUD Homes on Fridays and the bid deadline date is 10-days later which falls on a Sunday at Midnight. On the 11th day HUD opens up the bids and whoever has the highest net bid wins. 

There are three(3) things we need to help you submit a bid on a HUD Home. They are:

  • Signed HUD Contract: We prepare this for you once you have seen the property.
  • Earnest Money in Certified Funds: We have to have a cashiers check for $1000 (if the property is $50,001 or more) OR $500 (if the property is $50,000 or less) made out to HUD.  Remember: CASHIERS CHECK
  • Pre-Approval Letter from a Lender:  This is the first item you should get. You should never look for a home without knowing how much you are approved for.  HUD requires that we have this pre-approval letter in hand before we make a bid.  We would be more than happy to help you get approved to purchase a HUD home with one of our ZERO DOWN Home Loans. Click here to apply online.  We also have perfect loans for those of you who have imperfect credit.

    • Ready to Purchase a HUD Home?  Call our Office at 281.988.9107 for a free foreclosure list in your desired area. Our Real Estate Consultants are waiting to help.  Any agent you talk to can help you to see and bid on a HUD Home.

    Looking to put ZERO DOWN on your first Home?  Looking for the perfect loan for imperfect credit?

    APPLY ONLINE NOW!!!


     



    Royal Financial & Realty - 14601 Bellaire Blvd. #200 - Houston, TX 77083
    Office Phone: (713) 725-8173 Fax: (281) 884-6005 Cell Phone: 713-725-8173


    Call us today @ 713-725-8173

    For your No obligation and No cost Pre-Approval!

    An Equal Opportunity Company. Equal Housing Lender.
    All rights reserved.  Texas Mortgage Broker License#13439. Texas Real Estate Broker License#0457570 

    We lend in the following states: TX

    Equal Lender Logo 



    e-PRO Equal Housing Lender Equal Housing Opportunity MBA NAMB - National Association of Mortgage Brokers REALTOR® TAMB - Texas Association of Mortgage Brokers

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