Since March of this year, I have had to tell many VA Buyers that there is very little chance for them to get their offer accepted on a Bank Owned property. Riverside, County California has Bank Owned homes that are at affordable prices. We are almost in the last quarter of 2009, and inventory is low, making competition for these affordably priced, bank owned homes, fierce.
I've had that confused look of disbelief when I explain that banks are not in favor of VA offers, and I've learned to brace myself for it so that I can quickly offer offer proof and yes, a solution.
I've had calls from many Military personnel asking why their offers to purchase property are not being accepted. Some have submitted as many as 70 offers on bank owned properties only to get them all rejected. The truth is that the banks don't want to pay the extra fees and wait the extra time that it takes to process a VA Loan.
The good news is that there are ways around this dilemma. Once a property is secured and purchased by our military servers, whom I highly respect, they won't have to pay for their down payment and can get most of their closing costs paid.
Here's the link to find out more about the VA Loan program that is offered to our military personnel.
http://www.military.com/Finance/HomeBuying/
For more specific information regarding how to get your VA offer accepted contact me for a consultation.
Call me for more information regarding Real Estate, in Southwest Riverside County:
Jane Grant ~ DRE: 01109492
Southwest Real Estate, Inc.
Telephone: 866 621-0155
Website: www.soreal.biz
Additional Website: www.servingtemecula.com
Blog: www.janegrant.biz
Blog: www.janegrant.wordpress.com
Blog: http://activerain.com/blogs/janegrant
Trulia Profile: http://www.trulia.com/profile/id/331413
Trulia Profile: http://www.trulia.com/profile/id/331413
Comments (11)Subscribe to CommentsComment