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Forfeited Land Sales for Texas Veterans
Forfeited Land Sales for Texas Veterans
 
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.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 ... more

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