Posted by JPiper on December 14, 1998 at 10:19:54:
The correct date for VA loans is March 1, 1988. Prior to this date they are non qualifying assumables. These may be assumed by ANYONE for a fee of $45.
A $31K loan on a $37K 1 bedroom house doesn?t sound very attractive to me??but you haven?t given us any information on the loan payment, rental values, etc. 1 bedroom houses have a very limited market.