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va vendee program: VA REO: An Option for Vets and Non-Vets Alike - 11/16/10 11:21 AM
Real estate pros and lenders know that REO stands for Real Estate Owned properties; a home that has been foreclosed on, put up for auction, and purchased by the bank is there was nothing offered higher than the minimum auction bid. The lender has taken back the property and chances are the home needs some work in the aftermath of the foreclosure.
The Department of Veterans Affairs has a program that specifically addresses REO properties that were originally purchased with VA mortgages. These foreclosed homes do go back on the market and the VA offers a program called Vendee Financing to … (1 comments)

va vendee program: Answers to The VA Loans Quiz: VA-Owned Properties for Sale - 09/14/10 04:11 PM
Did you know the VA owns repossessed properties that eventually go back on the market?  As with all types of loans, some work out and some don’t—a fact of life in the lending business. When VA guaranteed homes go into foreclosure, they can and do wind up in the VA’s possession…but not for long.The VA offers these homes—and financing for them—to qualified buyers—both military and civilians. The answers to today’s quiz should help you understand how it all works:1. I can learn where to find VA-owned properties for sale by:A.     Contacting my local real estate brokerB.     Contacting BAC Home Loan ServicingC.     … (1 comments)

va vendee program: The VA Vendee Financing Program - 07/08/10 10:04 AM
I was asked a question about the VA program called Vendee Financing and wanted to address the issue in a blog post or two. From the comments section: “Are you familiar with the Vendee Program bank of America offers to buyers? It is a VA program offered on a listing I was showing a buyer and I am curious a person in your specialty has opinions on it.” Vendee financing is a program the VA offers to help finance VA REO properties. The appeal of this is that it’s one of the rare times when a VA loan product or program … (22 comments)

 
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Bruce Reichstein - Expert VA Loan Officer for 23 years: www.VALoans.com

Houston, TX

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VALoans.com - Expert VA Loan Officer - Agent Trusted Lender

Address: 7915 Westglen Drive, Houston, TX, 77063

Office Phone: (800) 317-2993

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