March 2012

Found 2 blog entries for March 2012.

Many savvy home buyers are exploring the option of purchasing a foreclosed property from the U.S Housing and Urban Development (HUD) department.  You can search for homes available through HUD Store.   Below is important information about bidding for and purchasing a HUD owned home.

Submitting a Bid

You will need to partner with an HUD authorized broker, broker associate, or buyer’s agent in order to submit a bid. 

HUD Listing Codes

 Insurable (IN)

Properties listed in this category appear to meet FHA 203(b) financing requirements. No obvious repairs are necessary for HUD to insure an FHA loan to a qualified Purchaser.

Insurable with Repair Escrow (IE)

Properties listed in this category are eligible for a 203(b) FHA loan

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The Austin metropolitan area added 26,800 jobs in the 12 months ending in January 2012, according to the latest release of preliminary payroll jobs numbers by the Texas Workforce Commission and US Bureau of Labor and Statistics. Austin's 3.5% year-over-year growth rate is the second best performing metropolitan area among the 50 largest U.S. cities.


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