VA Foreclosure properties are a great way to purchase a home at a bargain price. Regardless of what state you live in, you’ll be able to find a listing of VA foreclosure properties. The Department of Veterans Affairs (VA) also has a listing of any VA foreclosure properties they have for sale.
A VA loan is a loan obtained by a Veteran for the purchase of a home. Although they get the loan from a bank or lending institution, the VA guarantees it. VA loans are only for Veterans. If for some reason the Veteran cannot make the payments, the VA will try to help them with the payments and financial arrangements. If they still cannot keep up with the payments, it is foreclosed and goes on the list of other VA foreclosure properties.