Foreclosures Help Information

Archive for the ‘VA Foreclosures’ Category

VA Foreclosure Process

Question: How many mortgage payments can you be late on a va loan before the foreclosure process begins?

I am just now getting the $$$ together for my 10/01/2009 payment....

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Answer: You're still safe. 90 days is the MINIMUM... but I have clients who have been in default for more than a year and they still haven't gone into foreclosure. Some companies are crazier about it than others, and it also depends (I've noticed) on what you owe on the house vs. what it's actually worth right now. IE, if they think they can pretty easily get their investment back by selling it on you, they're more likely to rush the foreclosure proceedings, whereas if you owe $225K on it and right now in this market, it's only worth $150K, they'll let you slide for longer. This isn't always the case but MOST of the time I find this is how it works. This does not, of course, stop them from harrassing the hell out of you and threatening foreclosure. They just want their money, and if sending you scary legal-sounding letters is how they think they'll get it, they're going to do that.

Stop Foreclosure Alexandria County VA, Foreclosure Process

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VA Foreclosure Listings

Question: Where i can get info on va foreclosure listings?

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Answer: If you want to find the best va foreclosure listings, check out this site

http://best-foreclosure-listings-usa.blogspot.com/

Virginia Foreclosures - ForeclosureListings.com

VA Foreclosure Help

Question: Advice re VA foreclosure homes?

Anyone help on a couple of basic questions.
What is the condition of these homes generally, or is it not possible to generalise because of location differences?
Can I buy as an investor and more than one property?

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Answer: All the VA foreclosre houses are sold "as is", no warranties, and conditions vary with some well cared for. There is a VA Vendee Financing program with both veterans and non veterans eligible and it doesn't matter if you are an owner/ occupier or an investor. Main attraction is NO DOWN PAYMENT. Longterm 15 to 30 years, and I am told they don't use credit scores as a determining factor for approval.. There is no limit to the number of VA homes you can buy with this funding although you are limited to 5 active loans in a 6 month period. Just need to check it out though because it isn't available on all VA homes.

I am a retired realtor still dabbling in real estate investment and development, and an occasional contributor to the Discussion Board at http://www.foreclosuredatabank.com/board

Find Short Sale Help In Woodbridge VA- Peggy James Can Help