Attention All Buyers of VA Foreclosed Properties...

Real Estate Agent with United Country Premier Properties TX 482380

I just got a great bit of news that all of those familiar with VA foreclosures will love to hear.  VENDEE FINANCING IS BACK!!!  One of the biggest changes you will notice is that the seller (VA) can now contribute up to 6% of the sales price toward buyers closing costs.  This is HUGE!!  If you work with investors and you are not showing them how to use vendee financing to purchase VA foreclosed homes, you are missing a great opportunity.  Think of vendee financing as owner financing.  Owner occupant buyers can buy with zero down payment and get up to 6% of the sales price from the seller to use toward closing costs and prepaids.  Investors can buy with 5% down paymentat a current interest rate of 5.5%.  There is also no PMI, just a 2.25% VA funding fee paid up front at closing.  If this doesn't excite you, then I just don't know what to think.  If it does, the attached flyer will explain more. 

If you cannot read the flyer clearly or would like a copy emailed to you, just email me and i will be happy to forward on to you.

Richard W. Overall, Jr

REALTOR  and VA Foreclosure Specialist

Comments (2)

David Spencer
Keller Williams Northland - Kansas City, MO
Show Me real estate in Kansas City

Great info. I do a lot of foreclosure work but have not done any VA.

Apr 03, 2009 01:54 PM
Dale Baker
Baker Energy Audits and Commercial Properties Inspections - Claremont, NH
New Hampshire Relocation Real Estate Information

Howdy there Richard

Good info, for folks to know about. If they are looking at VA foreclosure's. I'll have to e-mail you, for a copy of that there flyer. Being a Vet, I sure do want to know every thing the VA is doing.

God Bless America

Apr 03, 2009 03:26 PM