A VA foreclosure list is the perfect way to possibly find a great buy on what may be your dream house. A VA loan is a loan given to a Veteran by a bank, but guaranteed by the VA (Department of Veterans Affairs). They guarantee the bank that if the Veteran cannot continue to make the payments; they will take over the loan. The Veteran is also sometimes given better interest rates than traditional mortgage loans because the loan is guaranteed. In spite of this, many homes belonging to Veterans find themselves on the VA foreclosure list.
The VA foreclosure list is a list of the homes that are now owned by the VA because they have been reposed through foreclosure. This list may be found online, at your local county recorder’s office or through the Department of Veterans Affairs. You’ll find an entire list of homes that can be purchased from the VA. You can narrow your search down to specific locations if you search online or through the VA. Many real estate agencies are often chosen to list these homes and try to sell them.