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Our highly skilled HUD TEAM is able to anticipate and navigate through complex and difficult closings.
We have the expertise to quickly resolve almost any problem that arises and close the transaction on time.

HUD Closing Services

Luna & Luna, LLP provides HUD closing services for the State of Texas, with offices in Dallas, Houston and San Antonio. We know every transaction is important
to the client and with over 77 years of combined legal, title and closing experience, our HUD Team has the ability to navigate and close almost any HUD transaction.


What is a HUD Home?

A HUD Home is a one to four unit single-family residence, condominium or townhome that has been conveyed to HUD by the lender as a result of foreclosure when the borrower defaults on the FHA-insured loan. HUD in turn sells the property at “AS IS” market value based on a recent appraisal as quickly as possible through an Asset Manager (AM) Contractor such as PEMCO, LTD. HUD Homes vary in price, location, and condition. Some are move‐in ready condition and others are not.


Who can buy a HUD Home?

Anyone with a valid Tax ID (*SSN or Employer Federal Tax ID) issued in the United States can buy a HUD home. Potential buyers must qualify for a mortgage or pay cash to buy a HUD home. Buyers must have a pre-qualification letter from a certified lender, or proof of funds in the amount of, or greater than the gross purchase price of the property.


Where can I find a HUD home?

HUD homes are listed at www.HUDHomestore.com.


How can I view a HUD Home?

All buyers MUST be accompanied by a broker or agent when viewing any HUD Home listed for sale.


Do I need a realtor to place a bid for me?

Yes, please contact a registered HUD broker or agent to place a bid on a property and to access the home listed for sale. To lookup a broker/agent in your area, visit the HUDHomestore website.


What are FHA sales incentives and how does it benefit owner-occupant purchases?

For a limited time, FHA offers sales incentives on HUD homes that will make these homes more affordable for homebuyers when purchasing a property using FHA-insured financing. The incentives vary from state to state but may include: low down payments; sales allowances that can be used to pay closing costs, make repairs, or pay down the mortgage amount. The benefits of FHA financing are low down payments; competitive interest rates; flexible credit qualifying.

 — Source: www.hudpemco.com