Buying a Foreclosure

At RGV Realty, we have helped dozens of buyers purchase foreclosures throughout the Rio Grande Valley. Buying a home can be challenging. Getting a foreclosure adds a few more obstacles.

  • Preapproval Letter - Sellers will not review an offer without one and the best properties sell quickly. Apply Here
  • House Condition (AS IS) - Many homes are damaged and missing items like AC, water heater, cabinets, etc. It is important to understand only some foreclosures might qualify for your loan program.
  • Repairs (FHA Loans) - A few sellers might make minor repairs to qualify for an FHA loan. These repairs need to be addressed early in the process.
  • Price - It usually reflects its condition and the discount of being a foreclosure. Huge discounts apply to the worst properties that cannot be financed. The best foreclosures attract multiple bids. We will assist you with price negotiation.

After you have been approved by your lender, contact us and we can help you with any of the properties below. RGV Realty is also a HUD Broker and has access to property owned by the U.S. Government.


All Listings Under $100,000 $100,000 - $200,000
$200,000 - $300,000 $300,000 - $400,000 $400,000 - $500,000
$500,000 - $600,000 $600,000 - $700,000
89 Properties Found. Showing Page 1 of 10
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Foreclosures for Sale by County

Are you looking for a great deal on a home or buying an investment property in the Rio Grande Valley? A foreclosure may be the answer. Search our free list of foreclosure homes, REO (real estate owned) homes and bank-owned properties for sale in Hidalgo County. Our list is compiled directly from the Greater McAllen MLS. These properties are actually "For Sale", unlike many foreclosure websites that make you pay for access to their data. Our properties have already resolved any title issues and are priced to sell quickly.

If you would like to receive email updates as new foreclosures are added to the our free list, please register and send us a quick message. We can help you set up a saved search for specific cities, price ranges or property types. Remember, it is important to speak with a lender early in the process since the best foreclosures sell fast!

With our years of experience, we can help the first time buyers step-by-step through the process of buying a foreclosure.

The information being provided by the Greater McAllen Association of REALTORS®, INC. is exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.