New Jersey - Blue Realty / GMAC, statewide Real Estate Brokerage firm, is a participating and cooperating Broker in the Department of Veterans Administration Home Sales Program. The program, administered by the Veterans Administration, offers VA-owned properties to Veterans and non-Veterans under a variety of terms.
According to Charles Blumenkehl, President of Blue Realty / GMAC, "The Veterans Administration, through its Broker Home Sales Program, makes it possible for anyone who qualifies to take advantage of the opportunities available in the foreclosure market, which typically is only afforded to those investors with large cash sums available through them, with a very low cash investment. As a matter of fact, under the Veterans Home Loan and Property Rehabilitation Act of 1987, the Veterans Administration is authorized to lend purchasers more than the purchase price of the property for rehabilitation as set forth in their guidelines, and will discount the purchase prove even more for cash buyers and certain types of qualified buyers while at the same time the VA is liquidating their inventory of foreclosed and otherwise VA owned property."
According to Blumenkehl, many of his associates have completed training on the Veterans Administration Home Sales Program and are excited about offering the program and VA inventory of homes to the public. For more information about how to buy a VA-owned home at special terms and preview of the VA inventory, the public is invited to call Blue Realty / GMAC at (800) 936-SOLD (7653) or visit the main office at 5 Newark Pompton Turnpike at the intersection of Hamburg Turnpike and Rt. 287 in Riverdale or log on to the company web site at www.bluerealty.com. All company offices are open 7 days a week.