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The VA Vendee Financing Program

I was asked the following question when showing one of our VA (Veterans Administration) owned properties:

 “Are you familiar with the Vendee Program in which Bank of America offers to buyers? And I am curious if you’ve had real estate deals involving the Veterans Administration.”va

Since we are witnessing more and more Veteran Administration-owned properties in the real estate market, I assume that many more people have the same question or are unaware of financing that they may in fact qualify for. 

Vendee financing is a program Veterans Admin offers to help finance VA REO (bank-owned) properties. The appeal of this is the times when a VA loan product or program is offered to non-veterans. Read the rest of this entry »

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Yes! It’s Another Short Sale Blog.

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But worth your while, I guarantee you.  The Troia Team from Boulder Colorado is writing so much on the subject lately because IT IS the subject lately.  Real estate short sales are everywhere and the numerous listings are partially due to the Home Affordable Foreclosure Alternatives Program; go ahead, call it HAFA. 

The information is non-ending.  You can’t write enough about short sales.  As we discussed before, having a knowledgeable Realtor is most important.  One who can walk you through the process.  If I were going through a short sale, here’s what I would want to know from my real estate agent.

 

 

Read the rest of this entry »

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Real Estate Investment: Do’s And Don’ts

Thumbs up and downInvestors and first-time homebuyers are often aiming for the same goal: great resale.  I witness it all the time; buyers who need a place to live who also want to make money someday.  It’s important to know the difference in real estate investment.  It’s not always for those of us who need to buy in  order to have a place to call home.  Yes, you should buy a place in which your investment will grow over the years.  However, you need a place that’s livable and suitable to your specific needs.  On the other hand, if your angle is profits and returnsand not necessarily a place to live, then you are an investor.  This blog with help you either way.  The do’s and don’ts of real estate investing in a nutshell. Read the rest of this entry »

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