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va foreclosed homes FAQ
How to buy a VA foreclosed property in Alabama?
Oct 31, 2006 by blazer | Posted in Renting & Real Estate
What all is involved, how fast does the processs take. Also can you slow the process down, in order to sell my house that I am currently in...if not how can I slow it down if they accept my bid. Do you recommend getting the loan through the VA...as a
There is quite a process when buying foreclosed homes but it's worth the work. If you can get the financing through the VA that's definitely a plus. The only reason that they are offering you financing is because they now own the home and it would be
lu_candid | Oct 31, 2006
I am not sure about the VA loan, but I just recently bought a new house in AL. Just going through a morgage company it took about 3 weeks. It was kinda a CRAZY process. If the price of the house is discounted enough to make up the difference of the repairs
unknown | Oct 31, 2006
VA Home loan eligibilty was foreclosed by an ex-spouse. Can I get it back?
Jul 11, 2010 by Lauren | Posted in Renting & Real Estate
My ex-spouse and I purchased a home using my VA entitilement. We were divorced a year later. The divorce papers state, he was fully responsible for the house. He got it foreclosed on a year later. I went to get my certificate of eligiblity an it states
"Q: My prior loan was foreclosed on, or I gave a deed in lieu of foreclosure, or the VA paid a compromise (partial) claim. Although I was released from liability on the loan and/or the debt was waived, I am told that I cannot have my used eligibility
Caveat Emptor | Jul 11, 2010
Is there a grant to fix a foreclosed home I just bought?
Feb 21, 2009 by brucevthorn | Posted in Renting & Real Estate
I just bought a foreclosed home with a VA home loan and it doesn't have a deck or porch coming off the backside of the house. There is a door that is closed off with a couple 2x4's. If you open it, you will just fall 12 feet. I heard that they just
Sometimes....a city in my area has a program that will either give (owner occupied) or loan money at no interest (rental) to fix up homes that's in certain geographical redevelopment area.
Check with the city or the Urban Redevelopment
Glenn S | Feb 21, 2009
Using VA Loan on foreclosed home?
Oct 08, 2010 by apick | Posted in Renting & Real Estate
We are looking at a 2006 home that is a foreclosure. It seems to be structurally sound, only needing appliances (they offered to install fridge & stove).
What do we need to do to find out if this home will qualify for a VA loan? From
You would have to get the house appraised by an appraiser that has been VA approved. You would find such an appraiser in your local telephone book.
Also before doing anything else you might would want to be pre-approved for a VA mortgage
loanmasterone | Oct 08, 2010
va foreclosed homes news
Home Prices in US Cities Fall 3.8% from Year Earlier
18.05.12
Home prices in 20 U.S. cities
dropped at a slower pace in January, pointing to stabilization
in the real estate market.
The S&P/Case-Shiller index (SPX) of property values in 20 cities
fell 3.8 percent from a year earlier, matching the median
forecast of 32 economists surveyed by Bloomberg News, after
decreasing 4.1 percent in December, a report from the group
showed today in New York. Prices were little changed in January
from the prior month, the best performance since July.
Property values are steadying as a strengthening labor
market underpins housing demand, which may allow the industry
that precipitated the recession to contribute to growth this
year. Nonetheless, the recovery in sales may be restrained by
foreclosures that are putting more properties onto the market.
Source: BusinessWeek
va foreclosed homes about
Disabled Vets Get Mortgage Relief From Citi
Huffington Post (blog) - May 26, 2011
A recent Government Accountability Office report concluded that two of the country's largest mortgage banks improperly foreclosed on the homes of nearly 50 active duty service members. Government regulators discovered the inappropriate foreclosures
Forex - Summary for Week Ending May 27th
ForexTV.com - May 28, 2011
This has kept existing home sales elevated, and depressed new home sales since builders can't compete with the low prices of all the foreclosed properties. I expect this gap to close over the next few years once the number of distressed sales starts to
Va. Beach-based Dragas Cos. buys foreclosed site
The Virginian-Pilot - May 11, 2011
The sale was finalized March 31, said Sally Horvath, a spokeswoman for Dragas, which is based in Virginia Beach. LM Sandler & Sons bought the land, then known as Spence Farm, in 2007 for $23.5 million. Its plans for Renaissance Park included 680 homes,
Foreclosed homes selling for huge discount
LoanSafe - May 27, 2011
(Source: By Veronica Chufo, Daily Press, Newport News, Va.) -Short sales and bank-owned properties sold for 42 percent less in Newport News than homes not facing foreclosure in the first quarter.
Delinquency Survey Shows Positive Developments
Mortgage News Daily - May 20, 2011
The numbers of homes in foreclosure in Florida are larger than the combined total of home loans outstanding in 22 US states and the top five states in terms of foreclosures account for more than half of the nation's total. If those states are removed