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VA Foreclosure Article
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VA Foreclosure List Can Help You Find Your Next Home
from:A VA foreclosure list is the perfect way to possibly find a great buy on what may be your dream house. A VA loan is a loan given to a Veteran by a bank, but guaranteed by the VA (Department of Veterans Affairs). They guarantee the bank that if the Veteran cannot continue to make the payments; they will take over the loan. The Veteran is also sometimes given better interest rates than traditional mortgage loans because the loan is guaranteed. In spite of this, many homes belonging to Veterans find themselves on the VA foreclosure list.
The VA foreclosure list is a list of the homes that are now owned by the VA because they have been reposed through foreclosure. This list may be found online, at your local county recorder's office or through the Department of Veterans Affairs. You'll find an entire list of homes that can be purchased from the VA. You can narrow your search down to specific locations if you search online or through the VA. Many real estate agencies are often chosen to list these homes and try to sell them.
Each real estate agency will handle the sale of these homes differently. Some of them will list them as they'd list any other home. Other agencies, however, put the VA foreclosure list of homes up for bids and give the public only so many days to bid on the different homes. Usually they are given 10 days. At the end of the 10 days, they take all the bids they've received and turn them over to the VA. The VA has the right to reject any bids if they are too low. They often will take the highest bid and make a counter offer.
If you don't want to go through a real estate agent, you can get the VA foreclosure list directly from the VA Department. They'll be able to give you information on the homes such as size, value, location, etc. They may also be able to help you get financing if you are a Veteran.
Many people that are looking for a VA foreclosure list choose to use the internet for their searching. This is convenient and can be done in your own time. There are wonderful search engine capabilities online where you can break it down into the state or city you are looking for homes. If these homes are listed with a real estate agency, it will tell you what agency and how to contact them. A VA foreclosure use can be an exciting way to find a home at an affordable cost.
VA Foreclosure Specific links
VA Foreclosure News
Mortgage Market Shows Year of Low Foreclosure Rates and High Loan Volume Cap - LoanSafe
 PR Web | Mortgage Market Shows Year of Low Foreclosure Rates and High Loan Volume Cap LoanSafe Last year, VA helped 72391 Veterans and Servicemembers who were in default on their mortgage loan retain their homes or avoid foreclosure, an increase from 66030 from the prior year. At the same time, foreclosures on VA guaranteed loans dropped by 28 ... VA's Home Loan Program Continues to Lead Mortgage Industry |
Mortgage fraud unit co-chair sues biggest banks - USA TODAY
 USA TODAY | Mortgage fraud unit co-chair sues biggest banks USA TODAY By Michael Gormley, AP ALBANY, New York – New York's attorney general on Friday accused some of the nation's largest banks of deceit and fraud in using an electronic mortgage registry that he said puts homeowners at a disadvantage in foreclosures while ... AG sues large banks New York takes on big banks |
Mortgage hurricane warning from Florida businessman went unheeded - Sarasota Herald-Tribune
Mortgage hurricane warning from Florida businessman went unheeded Sarasota Herald-Tribune In hindsight, the problems he found look like a blueprint of today's foreclosure crisis. By GRETCHEN MORGENSON Years before the housing bust — before all those home loans turned sour and millions of Americans faced foreclosure — a wealthy businessman ... |
CEO of Virginia Foreclosure Rescue Fraud Sentenced to Prison - LoanSafe
CEO of Virginia Foreclosure Rescue Fraud Sentenced to Prison LoanSafe by Moe Bedard on January 27, 2012 in Scams (Source: FBI) NORFOLK, VA—Kathleen Harps, 51, of Chesapeake, VA, was sentenced today in Norfolk federal court to 54 months in prison for operating a foreclosure rescue mortgage fraud scheme. Va woman gets 4.5 years in mortgage-rescue scheme Chesapeake woman sentenced for allegedly operating mortgage fraud scheme |
Murder trial of UVA lacrosse player set to begin - Baltimore Sun (blog)
Murder trial of UVA lacrosse player set to begin Baltimore Sun (blog) Nearly two years after Cockeysville native Yeardley Love was found dead, bruised and lying in a pool of blood in an off-campus apartment near the University of Virginia, her former boyfriend and fellow lacrosse player is scheduled to stand trial for ... |