Market demand: Real Estate in Texas sell about 24% of the time, typically 1 bid. Based on 134 completed sales over the last year.

Appraised valueFixed price

$106,000

HUD sets this list price from a professional appraisal of the home in its current condition, not an auction starting bid.

This is the asking price set from that appraisal, not a below-market auction bid - a fair price for the home, not a guaranteed bargain.
The real edge of a government REO is a clean sale: clear, insurable title with any past-due property taxes settled at closing.
Sold as-is with no seller repairs, so budget an inspection and repairs on top of the price.

The appraisal reflects the home's condition when it was inspected; values change over time. Not an independent valuation or investment advice - always inspect and confirm the numbers before you make an offer.

Title and tax regime in TexasClear title

This is a government REO sale, not a tax sale. The two convey title very differently.

This listing: conveys with clear, insurable title. Past-due property taxes are settled at closing by the seller, there is no redemption period, and no former owner can reclaim it.
County tax sales in Texas: Texas is a hybrid state. The county sells a deed or certificate that the former owner can still undo by paying you back with interest during the redemption window. The former owner then has 2 years to reclaim the property. Title here usually needs a quiet-title action before it is insurable or resellable. None of that applies to this listing.

We do not estimate what a specific property owes. Lien and back-tax amounts live in county records and only a title search returns the real number, so any figure produced without one is a guess you should not bid against. Compare all 51 state tax-sale regimes. State-level rules, not legal advice.

FHA-insurable with repair escrow

Condition & financing

Needs roughly $500-$5,000 in repairs - livable, but budget for the fixes.

Still FHA-financeable: the repair cost can be escrowed into the loan at closing.
Eligible for HUD's $100-down payment program for owner-occupants.
FHA insurability is set by HUD; the repair figures are HUD's ~$5,000 rule of thumb, not a per-home guarantee. Always get an inspection.

How to buy HUD homes →

Seller

U.S. Department of Housing and Urban Development

Condition: As-is

Full Description

HUD foreclosure property. Case #513-209064. Single Family Home · 3 bed · 1.1 bath · 1194 sqft · Built 1962. 1608 Gunnison Dr, Wichita Falls, TX 76306. Owner Occupants, Nonprofits, and Government Agencies only. Contact a HUD-registered broker to submit an offer.

Pickup information

Wichita Falls, TX 76306

U.S. Department of Housing and Urban Development

HUD homes are sold through a bid process via HUD-registered brokers. Visit hudhomestore.gov for details.

Appraised valueFixed price

$106,000

HUD sets this list price from a professional appraisal of the home in its current condition, not an auction starting bid.

This is the asking price set from that appraisal, not a below-market auction bid - a fair price for the home, not a guaranteed bargain.
The real edge of a government REO is a clean sale: clear, insurable title with any past-due property taxes settled at closing.
Sold as-is with no seller repairs, so budget an inspection and repairs on top of the price.

Title and tax regime in TexasClear title

This is a government REO sale, not a tax sale. The two convey title very differently.

This listing: conveys with clear, insurable title. Past-due property taxes are settled at closing by the seller, there is no redemption period, and no former owner can reclaim it.
County tax sales in Texas: Texas is a hybrid state. The county sells a deed or certificate that the former owner can still undo by paying you back with interest during the redemption window. The former owner then has 2 years to reclaim the property. Title here usually needs a quiet-title action before it is insurable or resellable. None of that applies to this listing.

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Market demand: Real Estate in Texas sell about 24% of the time, typically 1 bid. Based on 134 completed sales over the last year.

Appraised valueFixed price

$106,000

HUD sets this list price from a professional appraisal of the home in its current condition, not an auction starting bid.

This is the asking price set from that appraisal, not a below-market auction bid - a fair price for the home, not a guaranteed bargain.
The real edge of a government REO is a clean sale: clear, insurable title with any past-due property taxes settled at closing.
Sold as-is with no seller repairs, so budget an inspection and repairs on top of the price.

Title and tax regime in TexasClear title

This is a government REO sale, not a tax sale. The two convey title very differently.

This listing: conveys with clear, insurable title. Past-due property taxes are settled at closing by the seller, there is no redemption period, and no former owner can reclaim it.
County tax sales in Texas: Texas is a hybrid state. The county sells a deed or certificate that the former owner can still undo by paying you back with interest during the redemption window. The former owner then has 2 years to reclaim the property. Title here usually needs a quiet-title action before it is insurable or resellable. None of that applies to this listing.