FORT WORTH REAL ESTATE
             
Licensed HUD / VA Homes Broker

935 Glade Rd. W. Hurst, Texas 76054 Tel: (817) 485 - 8458

HUD HOMES LICENSED & CERTIFIED FORT WORTH / DALLAS REAL ESTATE BROKER HUD HOMES FOR SALE

At Casteel Real Estate you can avoid the countless hours of search for a home. With our listings of homes for sale in the Dallas / Fort Worth area, in no-time-at-all, you'll be realizing your new dreams. A new home, all your own.

$8,000 First-time Home Buyer Tax Credit & $6,500 Move-Up / Repeat Home Buyer Tax Credit is still available. Available on New, Pre-Owned, VA and HUD Homes. Call Bob immediately to get info on getting this credit." CALL TODAY!

Special Rules for Members of the Military, the Foreign Service
and the Intelligence Community

Congress has acknowledged the unique circumstances affecting members of the military, the foreign service and the intelligence community by making the following exceptions that apply to both the $8,000 tax credit for first-time home buyers and the $6,500 tax credit for repeat home buyers.
Exemption From Tax Credit Recapture Rules

* Typically, homes that are sold or that cease to be used as a principal residence within three years of the initial purchase are subject to recapture of the tax credit.
* However, qualified service members who sell or move from a tax credit home within three years of the initial purchase due to official extended duty are exempt from the recapture rule.

Extension of Tax Credit Deadlines

* The home buyer tax credit is available for qualified purchases with a binding sales contract in place on or before April 30, 2010 and closed by June 30, 2010.
* However, for qualified service members who are ordered on a period of official extended duty, these dates are extended for one year. For these home buyers, the tax credit applies to sales with a binding sales contract in place on or before April 30, 2011 and closed by June 30, 2011.
* A person who is forced to return to the U.S. for medical reasons before completing an assignment of at least 90 days of qualified official extended duty outside of the United States may qualify for the one-year extension.

Definitions

* “Qualified service member” means a member of the uniformed services of the U.S military, a member of the Foreign Service of the U.S., or an employee of the intelligence community.
* “Official extended duty” means any period of extended duty outside of the United States for at least 90 days during the period beginning after December 31, 2008 and ending before May 1, 2010.
 

LOOKING For HUD HOMES FOR SALE IN - Arlington - Keller - Fort Worth - North Richland - Watauga - Hurst: Tarrrant & Dallas County

                                                   +++ PLUS+++

$100 DOWN PAYMENT TO OWNER OCCUPANT BUYERS WHO HAVEN'T OWNED A HOME IN THE LAST THREE YEARS AND WHO OFFER & WIN A BID EQUAL OR GREATER THAN HUD'S FULL ASKING PRICE.

YOU SHOULD START BIDDING NO LATER THAN 25 OCTOBER. THERE WILL BE TREMENDOUS DEMAND FOR THESE GENERALLY UNDER PRICED HOMES AS WE APPROACH THE NOVEMBER DEADLINE. (Congress may extend)

I WILL REPRESENT YOU EXCLUSIVELY* WITH HUD ON ANY HUD PROPERTY THAT YOU CHOOSE TO BID - 20 YEARS EXPERIENCE IN BIDDING HUD HOMES.

*IMPORTANT NOTE: THE BROKER WHO IS LISTED ON THE WEB-SITE AT THE BOTTOM OF EACH HUD LISTING AS CONTACT ALSO HAS THEIR SIGN ON PROPERTY & IS THE PROPERTY MANAGER OF THE LISTING. THEY RECEIVE MANY CALLS FROM THE SIGN AND FREQUENTLY REPRESENT MORE THAN ONE BIDDER ON THE PROPERTY. Think about it.

Call me for explanation of terms and bidding procedure while navigating the official HUD Site; www.southwestalliance.com Ask me why you should use this Site.  then click "view listings" then click "Texas" then "Search". You need fill in only "City" or "Zip Code" then click "search" at bottom of page.

BOB CASTEEL, REALTOR, Certified Residential Specialist
OFFICE: 817-485-8458
CELL: 817-975-0161

HUD Homes For Sale: At Casteel Real Estate our brokers are approved HUD brokers. Almost all bidders for HUD listed homes for sale must use a HUD broker or an agent registered with a HUD broker to bid on a HUD home for sale. Market demand for these affordable HUD homes for sale continues to increase each and every year, so if is very important that you have a registered HUD broker before you start the bidding process.

If you have Internet access, call us and we'll walk you through accessing the available properties. If you do not have a computer or are unfamiliar with the Internet, come into our office and we will assist you in person.

HUD Homes for sale are posted on Friday and bids must be entered by the 2nd Sunday at
11:59pm.

In order to enter a bid for you on a HUD Homes, we must have: 

$1,000 ($500 for a HUD home under $50,000) earnest money in the form of a money order or
cashier's check made out to "HUD". 

A completed contract with all addendums 

Because of the 9 day window, it is advisable that you schedule an appointment with us prior to actively looking for your home. This will allow us to explain the various programs and complete the necessary paper work.

What Is A HUD Home?

The United States Department of Housing and Urban Development (HUD) oversees the Federal Housing Administration (FHA), which provides federal insurance on home mortgages. If a homeowner fails to make payments on a FHA loan, the mortgagee forecloses and files an insurance claim with HUD. In exchange for paying off the unpaid loan balance to the mortgagee, HUD receives title to the property. At this point, the house becomes a HUD home.

Who Can Buy A HUD Home for sale?

Anyone.....

How do I buy a HUD home?

Start by finding a participating real estate agent. Your real estate agent must submit your bid for you. Normally, HUD Homes are sold in an "Offer Period." At the end of the Offer Period, all offers are opened and, basically, the highest reasonable bid is accepted. If the home isn't sold in the initial Offer Period, you can submit a bid until the home is sold. Bids can be submitted any day of the week, including weekends and holidays, (but only after the initial Offer Period). They will be opened the next business day. If your bid is acceptable to HUD, your real estate agent will be notified, usually within 48 hours.


If my bid is accepted, then what happens?

Your real estate agent will help you through the paperwork process. You'll be given a settlement date, normally within 30-60 days, by which you need to arrange financing and close the sale, or forfeit your earnest money deposit, or pay for an extension of your sales contract.

Fort Worth / Dallas Real Estate Home Sales