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The Veteran’s Administration (VA) is a Federal Agency formed to promote veteran’s rights and benefits. One of the benefits reserved for men and women who served our country is a low cost home loan courtesy of Uncle Sam. The VA backs billions of dollars in loans to US mortgage borrowers, secured by a lien on the borrower’s property.
As a prospective home buyer, you have many options in your search to find an affordable home. One of those options today is the purchase of a home that has been foreclosed and is currently owned by Fannie Mae. Since VA loans require very little out-of-pocket expense for the borrower, VA properties have a higher default rate than other loans requiring a down payment. When the VA forecloses on a home, the property is auctioned off to repay the debt. Bid on VA homes in your area!
The VA, through companies like Fannie Mae or Freddie Mac, has strict guidelines for the homes it authorizes loans for. Of course, the loan can only be granted to a veteran’s family, and the home must be in a state of good repair. When the VA has a home returned to them through foreclosure, it often just needs cosmetic help, if any. Sure, the VA auctions might have their share of fixer-uppers, but there are just as many VA auctions with move-in ready properties available for you to bid on. So bring your paintbrush and your bidding number to the next VA auction.
Not everyone knows when VA properties are being auctioned. Those who do know have an advantage when building their nest egg. Whether you are seeking a VA property for your personal residence or to rent out to build your net worth, never pay market value again.
Don’t let the banks and real estate agents keep all the profit for themselves! VA property auctions are open to the public. And once you know where to go and how to register, you will be on your way to acquiring your own VA foreclosed properties. The real estate market has been more stable than the stock market! Click here to start investing in HUD and FHA properties today!
VA Property Inventory Includes Multi-Family Buildings, Too! Foreclosures of VA properties include multi-unit properties too! You won’t find a high-rise building, but you just might find a duplex, triplex or four-plex, in accordance with VA lending guidelines. Get in on more than single family properties on the VA Auction List!
Whether you want to find a single family residence in your area, a duplex, triplex or four unit residence, click here to learn what insiders already know about VA properties!
Some of the more common auction items include:
used autos • marine vehicles • jet skis • aircrafts • homes • real estate • commercial property • farm equipment • industrial • business • electronics • computers • antiques • art • coins • stamps • appliances • guns • travel • collectibles • clothing • crafts • boats • bikes • motorcycles • mobile homes • jewelry • toys • cars • trucks • mopeds • bicycles • cameras • televisions • clocks • furniture • unclaimed property • abandoned property • personal property • office furniture • condominiums • town homes • commercial property • vacant land • single family homes • machinery • tools • hardware • building supplies
and much, much more...
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