The U.S. Department of Veterans Affairs (VA) is a federal agency that guarantees mortgages to homeowners who have served in the military. VA acquires properties from lenders that foreclose on VA-guaranteed mortgages and offers them for sale to the public. Offers to buy VA properties must be submitted on VA forms via a registered real estate agent.
Buying a VA foreclosed home is very affordable for many people since financing on veteran's affair foreclosures has low interest rates and requires a small down payment. Both veterans and non-veterans are permitted to buy a VA foreclosure. You can search VA foreclosure listings along with HUD and FHA foreclosures all on Bankforeclosed.com
Visit our Education Center to get more information about buying foreclosures in your area.