VA Foreclosure Help
June 29th, 2008
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?>
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
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