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Forfeited Land Sales for Texas Veterans

By Jerry Newman

Real Estate Agent with Brown Realty, 210-789-4216, TREC #0492321

April 03, 2011 03:43 AM

On Tuesday, April 26, 2011, the Texas Veterans Land Board (VLB) will once again offer forfeited land tracts to eligible Texas veterans in a sealed-bid sale. Texas

What's New:

The one-year Residency Requirement has been eliminated. If you are a veteran living in Texas, regardless of when you moved here, you can qualify for a loan.
All winning bids financed through the VLB will be originated as a mortgage loan with a Note and Deed of Trust. Winning bidders must meet VLB credit requirements if obtaining VLB financing.
Closing costs and a down payment of not less than 5% of the minimum bid listed will be required at closing. The VLB can only finance 95% of the minimum bid listed up to $80,000.00. In addition, any amount you bid over the minimum listed must be paid at closing, if you are obtaining VLB financing.
Type II Tracts (tracts that did not sell through our sealed-bid sale) that have been on our website more than six months are now being marketed and sold by a private auction company, Hudson & Marshall. For more information, visit Hudson & Marshall's website at: www.txlandauction.com

Please note:

ALL SEALED BIDS must be received by 4:30 p.m. on Monday, April 25, 2011 (the day before the sale). No walk-in bids will be accepted on the day of the sale.
There is a limit on the number of bids you may submit. You may bid on a total of six tracts in the Forfeited Land Sale and you must list your choice preferences on each bid.
The sale will be available for viewing via webcast. Live viewing is not guaranteed as we have a limited number of connections. The webcast will be archived and available on our Web site approximately 24 hours after the sale.

For complete information and instructions, see Forfeited Land Tracts.

Veterans if you are relocating to San Antonio, you may wish to search for homes on my website at San Antonio Real Estate. Then Contact Me Today, for more information of Texas Veterans land board.

(Information on Forfeited Land Sales was provided by Victoria Thomas of the TVLB).

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Belinda Spillman

Aspen Lane Real Estate Colorful Colorado - Aurora, CO

Colorado Living!

Jerry, This is so cool. I don't think we have anything like this in Colorado. If we do, I haven't seen it. Thanks for sharing.

Apr 03, 2011 03:51 AM

Jerry Newman

Brown Realty, 210-789-4216, - San Antonio, TX

Texas REALTOR, San Antonio Military Relocation

Yes, Belinda. I love how Texas honors and takes care of our Veterans. This program is one of the many benefits they get for serving their country and being a Texas veteran.

Apr 03, 2011 03:56 AM

Sondra Meyer:

EXP Realty, LLC - Corpus Christi, TX

See It. Experience It. Live It.

One of the great benefits of being an veteran in Texas. This is how I plan on buying my Texas ranch one of these days.

Apr 03, 2011 09:21 AM

Anita Clark

Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA

Realtor - Homes for Sale in Warner Robins GA

What a wonderful opportunity for Texas vets to really get a good deal. This is the kind of post I know your San Antonio veterans will appreciate Jerry.

Apr 03, 2011 11:51 AM

Hello Sondra, A ranch in Texas would be great for your horses.

Apr 03, 2011 01:07 PM

Yes, Anita. Being a veteran myself, I love promoting veterans programs for our Texas vets. It is a wonderful opportunity for them to get a piece of Texas.

Apr 03, 2011 01:10 PM

Bill Burchard

3B Realty: 951-347-3818, CA - Murrieta, CA

Broker, Realtor, Representing Buyers and Sellers

Good morning, Jerry. I’ve never heard of the Forfeited Land Tracts for Texas Veterans program before. Sounds like a wonderful opportunity for our Vets!

Apr 04, 2011 06:51 AM

Dan and Amy Schuman

Howard Hanna Real Estate Services - Solon, OH

Luxury Home Specialists

I enjoy learning about the great programs you have in Texas and think it's great that you promote veterans programs.

Apr 04, 2011 10:56 AM

LISSY Mthew

Keller Williams Realty - San Antonio, TX

Hi Jerry. This is some great information for our veterans, and Realtors in Texas. Thanks for sharing.

Apr 04, 2011 01:28 PM

Hi Bill. Yes, this is a great program for our veterans to pickup some land deals at discounted prices.

Apr 04, 2011 04:17 PM

Hi Dan and Amy. You can send some veterans this way if they ever get tired of that cold weather you have in Cleveland. Texas has some great programs for our vets out here.

Apr 04, 2011 04:19 PM

Hi Lissy, Thanks for visiting today. I love promoting programs for our Texas vets.

Apr 04, 2011 04:20 PM

Nina Rogoff

Boston, MA

Wix Websites for Real Estate Agents

Hi, Jerry, I never heard of this kind of program before. Your post is informative, well-written and graphically interesting with the different color fonts and the picture! You made it easy for people to understand what is involved by bulleting each of the points, and emphasizing certain points at the end. Great post!

Apr 04, 2011 04:36 PM

Thanks Nina. It certainly helps when you have a good working relationship with the Loan Officer with the Texas Veteran Land Board with Victoria Thomas. She keeps me informed on all those programs for vets.

Apr 05, 2011 01:46 AM

Ann Allen Hoover

RE/MAX Advantage South - Hoover, AL

CDPE SRES ASP e-PRO Realtor - Homes for Sale - AL

Hi Jerry! What a wonderful program and great information to provide your fellow Texans!

Apr 05, 2011 01:48 AM

Yes, Ann. I just love this program for our Texas Vets. Have a Great Week!

Apr 05, 2011 02:26 AM

Forfeited Land Sales for Texas Veterans

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