Purchasing a VA foreclosure in by real estate expert, Craig Summers.
Are you interested in purchasing a VA foreclosure? When the VA sells the homes, they basically sell the house on an installment plan. You wont receive the deed unless you have put 25% down or until you pay 75% of the purchase price. Now even though you dont have the deed, you do have equitable ownership in your home in .
Basically the house in is yours. You can do anything that you want to it as long as you dont minimize the security of your home.
If you decide that you want to sell the house later on, you would sell it just like any other house in . The VA will be paid just as if you were paying someone for their house and whoever purchases the house in will get the deed from the VA or the Veterans Administration.
Remember that this is all an example of bank owned property, and the bank does not want these houses. They are looking to do whatever they can to get rid of that property. It doesnt look good on their financial worksheets, so if you come to them with an offer and have good credit, then they will help you to purchase the property in .
There is a lot of free information available to you about buying, selling or investing in real estate. For complete information about the real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything real estate at www.pauldingandpolk.com Please feel free to contact me with any of your real estate or mortgage related questions and I would be more than glad to answer your questions. Call me on my cell at 404 374 1620 or email me at firstname.lastname@example.org
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