How to buy a HUD Foreclosure as an owner occupant or as an investor in Texas
Are you wondering how to buy a HUD (housing and urban development) foreclosure in Texas , specifically in the Dallas Fort Worth metroplex? Your first need to find a HUD approved broker. Then if you are buying as an owner occupant and getting a loan you may need an FHA 203K rehab loan. It will depend on the condition of the property. If you are an investor you have an opportunity to purchase a hud foreclosure during the extended period which when you speak to a HUD approved broker like my self you will learn more. There are not a lot of foreclosures of any type at the moment , however, there are areas I am aware of that during covid experienced a high level of loan mods these homes typically had FHA loans which is what a HUD foreclosure consists of. The property had to have an FHA loan when it went through the foreclosure process. Do not hesitate to contact me with any questions especially after watching my short video.