HUD Closing Agent -- Texas

Hanszen Laporte serves as HUD Closing Agent in Houston and Dallas. By way of background, The Federal Housing Administration, generally known as "FHA", provides mortgage insurance on loans made by FHA-approved lenders throughout the United States and its territories. FHA is the largest insurer of mortgages in the world, insuring over 34 million properties since its inception in 1934. While borrowers must meet certain requirements established by FHA to qualify for the insurance, lenders bear less risk because FHA will pay the lender if a homeowner defaults on his or her loan.

If a homeowner defaults and the FHA buys the home back from a lender, that home becomes a “HUD” home. Upon becoming a HUD home, HUD will assign the property to one of their Field Service Management Companies and one of their Asset Management companies to prepare and list the home for sale. The Asset Management companies have listing agents that assist them in marketing and listing the homes on local MLS sites.

Qualified agents can assist buyers in purchasing HUD owned Homes. They must first bid on the home. After receiving an accepted bid they will then be required to submit a contract package to the Asset Management company assigned to the property. Upon acceptance of the contract, the Asset Management company will send the contract package to one of HUD’s designated closing agent for the area to handle the closing process.

Hanszen Laporte is one of the contracted closing agents for Texas in the Houston and Dallas areas and our HUD Team is here to help homebuyers and agents close their transactions.

Below, we have included contact information for our offices as well as the member of our HUD Teams in Houston and Dallas HUD. We also have included information and helpful links.

The following are the 3 Asset Management companies for HUD owned Homes in Texas:

HomeTelos, L.P.:

Website: www.hometelos.com

Matt Martin Real Estate Management:

Website: www.mmrem.com

Pemco, Ltd.

Website: www.hudpemco.com