Posted by JoeKaiser on December 29, 2000 at 18:48:37:
I’ve never been able to figure out how to make money with VA repos, and I’m guessing you won’t be able to either. So let me shave a year or two off the learning curve for you and just let you know that what you should have done here (and will do next time around) is go knock on that GI’s door and see if he’ll just deed the thing to you.
They look a lot better at $112 plus back payment (to say nothing of the 7.25% loan that probably got foreclosed away), than at $173k.