FORT WORTH REAL ESTATE
             
Licensed HUD / VA Homes Broker

4632 Denton Hwy., Suite B     Ft. Worth, Texas 76117 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.

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

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