Question:

What happens with a VA home loan foreclosure and how to buy a VA home for sale?

Answer:

As with any government home loan programs, if foreclosure occurs those homes are declared for sale by the U.S. Federal Government. If VA home loan foreclosure happens to you, and you couldn't save your home, your house will get listed on the official federal site for government homes for sale.

The official site for Homes for Sale by the U.S. Government currently displays VA home foreclosure sales, HUD-owned REOs and Agriculture (USDA/Rural Development) homes.

How to buy VA foreclosure home for sale?

Locate a property on the official Homes for Sale by the U.S. Government website and hire a real estate agent to fill in and submit Offer to Purchase And Contract of Sale VA form and other necessary documentation to the listing agent for approval. The contact details (name, phone, email) of the listing agent will be available on the property online listing.

Often, VA foreclosure homes will have VA Vendee financing available. Both, owner-occupants and investors, veterans and non-veterans can make use of the VA Vendee financing program.

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