Posted by Rob FL on November 04, 2000 at 20:12:33:
Go to www.va.gov and follow the links to the real estate section for your state.
It should contain info on exactly how the procedure works.
Help with VA Repo - Posted by Robert
Posted by Robert on November 02, 2000 at 20:24:29:
I have run across a VA Repo that is listed for 24K with a tax accessed value of about $41. They are accepting closed bids through an agent. Does anyone have any experience with these bids? It is worth full asking price, but I don’t want to pay more than I have to.
Re: Help with VA Repo - Posted by Larry
Posted by Larry on November 22, 2000 at 18:38:29:
AM A REAL ESTATE BROKER THAT HAS SOLD HUNDREDS AND HUNDREDS OF VA REPOS. IN ORDER TO GET THE BID, YOU HAVE TO BID HIGHER THAN THE MINIMUM PRICE ASKED. HOW HIGH DEPENDS ON CONDITION AND NEIGHBORHOOD. ANYWHER FROM A FEW THOUSAND OVER TO AS HIGH AS TWENTY THOUSAND OVER. A HOME IN THAT PRICE RANGE 3-7000 SHOULD DO IT, ESPECIALLY IF IT NEEDS WORK. THE DEAL IN VA IS NOT THE PRICE…IT’S THE FINANCING. NO DOWN PAYMENT. CLOSING COSTS ABOUT HALF OF NORMAL. NO PMI PREMIUMS. ONE OF THE LOWEST INTEREST RATES YOU WILL FIND. EVEN A BETTER BARGAIN IF CREDIT HAS BEEN DAMAGED AS THEY WILL STILL GIVE YOU THEIR LOWEST RATE. THEY ONLY HAVE ONE LOW RATE. IF YOU WANT A DEAL…KEEP LOOKING FOR VA REPOS. YOU HAVE TO ACT FAST AS THEY ARE ONLY THERE FOR 10 DAYS. FIND AN EXPERIENCED VA REPO BROKER
BIGLAR