foreclosures

foreclosure loans

 

 

Bank Of America Foreclosure
Florida Foreclosure Process
Foreclosure Auction
Foreclosure Lists
Foreclosure Loans

 

Foreclosures
Stop Foreclosure
Beach Front Foreclosure
Avoid Foreclosure
Free Foreclosure List
Bank Foreclosure
Mortgage Foreclosure
Mortgage Foreclosure Solutions
Stop Bank Foreclosure
Foreclosure Auctions
Foreclosure Sales
Atlanta Foreclosures
Foreclosure Listing
How To Buy Foreclosures
Foreclosure Proceedings
Bank Of America Foreclosure
Free Government Foreclosure Listings
Florida Foreclosure
Florida Foreclosure Law
Blount County Tn Foreclosures

Boxes

Google

Va Foreclosures: Golden Opportunities
The Department of Veteran Affairs has a program designed for assisting US veterans in purchasing their own homes. The program involves securing the mortgage loans of these veterans. In cases of mortgage default, the lender will have to foreclose the property. The lender will inform the Department of Veteran Affairs and get paid for the mortgage owed them. Once the debt is settled, ownership if transferred to the Department of Veteran Affairs and they would sell them as VA foreclosures as quickly as possible.

Buying VA foreclosures has some benefits not usually enjoyed with other foreclosure properties. For starters, all closing costs, which usually amounts to almost 6% of the total purchase value, are paid by the Department of Veteran Affairs. VA foreclosures do not require buyers to have a Private Mortgage Insurance. As a matter of fact, you can buy VA foreclosures even with very little or no down payment at all. You can imagine the instant equity you get once you own one of these VA foreclosures.

Another good thing about VA foreclosures is the financing option that the Department of Veteran Administration can provide you. This financing, available to anyone, is commonly known as VA Vendee Financing. VA foreclosures are also maintained and cared for and compared to other foreclosed homes, minimal repair is needed.

If you are interested to purchase one of these

 

VA foreclosures, you should check out the listings first. These VA foreclosures are listed at the local real estate agentís Multiple Listing Service. It is always recommended for buyers to check out properties before making any offer. Once you decided on a VA foreclosure you can now make an offer.

This is done by submitting your offer to your real estate broker, together with a $500 earnest money, during a Simultaneous Offer Period. This period will last for ten days and once it ends, all offers will be assessed to know if they meet the minimum criteria set. If no offer met the minimum criteria, the VA foreclosure is re-listed once more. All VA foreclosures are sold ďas isĒ.

As a buyer, you can see how much return potential these VA foreclosures can offer you. You can use them as rental properties or fix them up and sell them again for a nice profit. You will only need very little capital but a lot of patience since buying VA foreclosures take some time. Offers and counter offers are normal until both the VA and buyer reach a compromise or agreement on the price of the VA foreclosure.
Google

All content published on this web site is provided for informational and educational purposes only. Always seek professional advice before making any decisions.

We use third-party advertising companies to serve ads when you visit our website. These companies may use information (not including your name, address, email address, or telephone number) about your visits to this and other websites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here.

This page was updated on Nov 2009 and is Copyright © 2003 by Global Com Consulting Inc.

simple hit counter