VA Foreclosure Explained Low VA Rates

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Love our videos? Then you'll love working with us even more! • ==================================== • This video and its contents are not intended for residents or home owners in the states of MA, NY or WA. • In today’s RED Friday video we will be going over VA foreclosures. VA foreclosures are often a tough topic to discuss, but today we hope to educate you on VA foreclosures. • People often ask if you can buy a foreclosed home with a VA loan. The answer is yes. One thing to keep in mind is that more often than not, with foreclosed homes, the previous owner did not take care of the home, many times deliberately make a mess of things. Foreclosed homes often are in rough shape and will need plenty of work. It should be noted that if you intend to buy a foreclosed home with your VA loan benefits, the home must pass VA property requirements. More on that here: • The VA's minimum property requirement... • If you are looking for a list of VA home foreclosures, look for VA REO (real estate owned) properties. These lists of foreclosures can be found in many places, most popularly at Ocwen Federal Bank. On their site, Ocwen Federal Bank will have a full list of VA foreclosures. Another option is to talk to your local real estate agent. Buying a foreclosed property from the VA is a good idea because the VA keeps properties up to standard. • If you are a veteran and cannot avoid foreclosure, contact your lender. Low VA Rates will work with you if you are open and honest about your situation. Also, call your local VA financial counselor. They will provide you with the tools you need. • Low VA Rates is committed to helping you find the home loan that is best for you and your financial situation. We are VA mortgage experts and have a strong track record of helping veterans take full advantage of their VA rights and benefits. We can do the same for you. Get started for free today and find out how much you can start saving. 844-326-3305 • NMLS# 1109426 #VAhomeloan Archived video notice: This video is not current and may contain content that, while accurate when recorded, may not reflect current market conditions. As is customary on the YouTube platform, older videos remain in our account for transparency and statistical purposes, and we do not necessarily have control over which older archived videos YouTube’s algorithm may suggest for you. For that reason, please always check the date of a video to ensure that it is dated recently before relying on its contents. The mortgage market is very dynamic and laws, regulations, rates, and programs are always changing. If we have a more up-to-date video on the same subject, you should be able to sort our videos by date uploaded on our main channel landing page: / lowvarates . This video is not applicable to borrowers in the State of Washington. • This video is not intended for residents or homeowners in the states of NY or MA.

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