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Foreclosure News Update

 

Your Foreclosure Strategy

Foreclosure homes for sale

Why foreclosures?  

Foreclosure property types

Your foreclosure goals 

Your foreclosure strategy

Negotiate foreclosure

Hold or flip foreclosure home?

Fixer upper foreclosures 

Best foreclosure locations

Home neighborhood 

Foreclosure mistakes   

 

Foreclosure procedures 

Foreclosure legal information

Foreclosure law 

Foreclosure glossary 

 

Foreclosure Homes Financing 

Your borrowing strategy

Foreclosure loans 

Creative financing techniques

Home mortgage loan 

  

Foreclosure Inspection, Repair, Improvement, and Decoration Tips

Home inspection 

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Foreclosure repair 

Home improvement 

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Home decoration 

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Foreclosure Opportunities Newsletters

 

Foreclosure Home Repair Strategy

 

Negotiation Tips for Buying Home

 

Four Common Mistakes in Getting Home Mortgage Loans

 

Foreclosure Fixer-Upper Homes

 

Foreclosure Process: Best Time to Get in

 

Pre-foreclosure Opportunities: How to Locate Them

 

Estimating Foreclosure Fixer-Upper Repair Costs

 

Avoid Serious Common Mistakes in Buying Foreclosures

 

Home Buying/Selling, and Renting/Leasing Tips

Home buying 

Lease-buy option 

Home buying and selling news

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Title search and title insurance

Real estate investment 

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Home moving

VA Foreclosures

Veterans Administration - VA foreclosure homes for sale

VA changes method of selling foreclosure properties

VA acquires real estate properties when banks foreclose on homes that were guaranteed by VA. Starting in 2004, VA will not sell foreclosed properties directly but through a private company. Ocwen Federal Bank FSB is the contractor authorized to sell all Real Estate Owned (REO) properties of VA. Ocwen will list all properties for sale in Multiple Listing Service (MLS).

 

We will give more details about VA foreclosure home sales once Ocwen starts its operations at full scale.

 

VA-Owned Homes: Real Estate Owned (REOs) by Veterans Administration

Real Estate Owned (REOs) by VA (Veterans Administration) are sold like HUD-owned homes. Here are some features:

  • These homes are available for the general public, not necessarily to veterans.

  • VA-owned homes are sold “as-is,” carrying no warranty.

  • Homes that are not sold on determined dates are put on sale on a daily basis.

  • You can bid only through real estate brokers who are registered to sell VA-owned homes.

  • Earnest money starts from $500.

  • VA can pay some of your closing costs.

 

For more information on Home Loans by Veterans Administration.

Difference: HUD insures loans for first-time buyers; VA guarantees loans for military personnel.

 

You can purchase HUD and VA homes only through licensed real estate agents and their approved brokers. You cannot assign HUD and VA contracts.