Another week in the books.

Our research team just finished indentifying and posting the government foreclosure properties on the auction block this upcoming Sunday July 13th, 2008. All in all, fourty properties priced as low as $46,000 and as high as $170,000. You'll be glad to know that in this weeks list there are 26 properties under $100,000.

Did you know that:

1. When you purchase government foreclosures, you can be assured that the property has a clean title.    As a matter of fact,  the title company will issue a commitment for title insurance to ensure the buyer that there are no liens on the title of this property.
   
2. The buyer of a Houston HUD home is not responsible for any back taxes owed on a property. If there are back taxes on the property, the Housing and Urban Development (HUD) will pay the taxes at closing.
   
3. Depending on condition, you can finance a HUD home with the same terms as a regular home. Same down payment, same interest rate, same closing costs as a non foreclosure home.
   
4. When you are the winning bid on a HUD Foreclosure, you are alloted a period of time for inspections (usually between 7-10 days). During this period, you can have an inspector of your choosing look at the property in detail to identify any repairs needed. If the repairs are too much, you can cancel your contract.
   

Ready to look at this week's properties? Head over to our Houston HUD Homes page now and make sure to bookmark the page as well, since we updated it every Monday with new properties.