What is a VA Home?
| What is a VA Home? |
When an individual with a VA insured mortgage does not make the payments, the lender forecloses on the home. The VA pays the lender what is owed, and the VA then owns the home. The VA sells it at market value as quickly as possible, generally under a 10 day bid period.
| Who can buy a VA home? |
Anyone, including, veterans, non-veterans, owner-occupants and investors.
| How can I find out where the VA homes for sale are? |
Right Here! We will post them on this website, including many photos, directions, and other information on the property.
| How do I buy a VA Home? |
Call us (704-279-9000) or e-mail us at genesisrealty@carolina.rr.com. This is all we do. We sell government owned and foreclosed homes. We will submit your offer by fax. Results are usually available within 24-48 hours.
| How do I get a loan to buy a VA home? |
Most of the homes have loans directly with the VA. We can take your offer, your credit application, and submit it. If approved, we will close the loan with you.
| If the VA home needs repairs, will the VA make them? |
VA homes are sold "as is". That means the VA will not pay to correct any problems. Many VA homes need fixing up, but they can be a real bargain.
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