VA Repossessions

What are Veterans Affairs?

The Department of Veterans Affairs [VA] is a federal agency that offers mortgages to homeowners who have served in the military in their past. Commonly known as Veterans Affairs foreclosures (repossessions), Veterans Affairs are able to attain foreclosure homes from lenders who specialize in foreclosing VA-guaranteed mortgages and then auction them for sale.

Where do I locate foreclosure homes from Veterans Affairs?

Foreclosure homes obtained through Veterans Affairs are the best way to guarantee a bargain on a new home or rental property. You can find these foreclosures in no time when using our listings. You should also try to contact your local broker and ask about foreclosure homes from Veterans Affairs.

How do I purchase foreclosure homes from Veterans Affairs?

You can purchase foreclosure homes from Veterans Affairs by simply submitting an offer to a real estate agent. The agent will then propose this offer in a written form, by mailing it, faxing it or submitting it online. If you win the bid, your agent will be informed and he/she will then notify you.

How much money is needed to buy foreclosure homes from Veterans Affairs?

In case you are the winning bidder, you must first be pre-approved on a home loan. After this, a deposit will then be required. Deposits tend to range from $100 to 5% depending on the property value.

What should I be aware of when buying foreclosure homes from Veterans Affairs?

Please keep in mind when purchasing foreclosure homes from Veterans Affairs you cannot obtain any other kind of home loan. Veteran Affairs loans cannot be attained if the property intended to be purchase would be used as a rental. Veterans Affairs loans are only available to homeowners who plan to live in the property.

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