Dallas Real Estate Market Receives $2.25 Million in HUD Awards

December 30, 2010 by · Leave a Comment 

Dallas Real Estate Market | Dallas HUD Home Foreclosures

Dallas HUD Home Bank Foreclosures

Dallas HUD Home Bank Foreclosures

The City of Dallas recenlty received $2,250,000 out of $68,000,000 to create sustainable and livable communties that connect housing, employment, and economic development with transportation and other infrastructure developments.  The $2.25 million grant will be used to fund urban real estate projects in Dallas.  The City of Dallas plans to use the HUD grant to specifically fund land acquistion and planning for four urban sites that will soon be home to the Transit-Oriented Development Workforce Housing Project for 193 workforce housing units near public transit.

Housing of Urban Development also recently annouced a new system to make the selling process of HUD homes more efficient. Hud foreclosure homes in Dallas and other cities across the U.S. are now monitored by both asset and field mangers.  HUD is enacting several changes including listing foreclosed properties daily instead of weekly, using electronic keyboxes for HUD home access (hopefully limiting or eliminating unauthorized access), spliting listing brokerage and selling brokerage commissions equally (maximum of 3% on selling brokerage commission), and extending owner occupant bidding priority to 30 days on FHA insured properties.

Foreclosure Homes in Dallas | Dallas HUD Homes

Fore more information on HUD city grants and changes in selling HUD home foreclosure inventory, please visit HUD Department of Housing & Urban Development.  DFW Urban Realty specializes in buying, selling, and renting foreclosure homes in Dallas including short sale and auction property listings.  Whether you’re needing to buy a condo foreclosure in Downtown Dallas, sell a townhome short sale listing, or list a high rise foreclose as auction sale, we’ve got you covered!

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