Posted by Ben(GA) on March 26, 1999 at 09:14:00:
Sometimes you can get the owner to sell you the property, if you get there early enough. In some instances, I have talked with owners who had left the property and didn’t know they still owned it. They said “We gave the house back” There is a time period in between the annoucement and sale that it can be bought from the owners. At least this is true in GA.
Will VA discount a loan prior to Sheriffs Sale? - Posted by Mike Langel
Posted by Mike Langel on March 25, 1999 at 08:47:08:
I heard somewhere that VA loans in the foreclosure process are sometimes discounted prior to the Sheriffs sale. Does anyone have any info on this subject. I would like to buy the property from the owner prior to the auction, if it can be discounted for less than they owe. Thanks for any help in this field.
Mike
Re: Will VA discount a loan prior to Sheriffs Sale? - Posted by JPiper
Posted by JPiper on March 25, 1999 at 10:13:37:
A bank or mortgage company probably currently owns this loan…it’s just guaranteed by VA. Your chances of getting the loan discounted by the lender are remote…since they are guaranteed by VA.
JPiper