Free Search for VA Foreclosures
Ocwen Loan Servicing is not longer VA Foreclosures Service Provider. Bank of America is now the service provider for VA Homes For Sale. More information to follow.
Making an offer on a VA foreclosure is similar to making an offer any other bank foreclosure, you contact a real estate agent of your choice. You real estate agent can get the necessary offer forms from Ocwen website. VA is more negotiable than HUD on offers for VA foreclosures. Unlike HUD, Ocwen will do counter offers. They are slower to respond to an offer on a VA repo than HUD is on a HUD repo. Ocwen also has a “Simultaneous Offer Period” for new listings of VA foreclosures and also listings with price changes. The Simultaneous Offer Period is usually ten days from the time the VA repo is listed on the local MLS service. The Simultaneous Offer Period is defined by Ocwen as the minimum competitive listing period for receipt of offers to purchase VA foreclosures. All offers received during the Simultaneous Offer Period are considered received simultaneously. At the close of the Simultaneous Period, Ocwen will evaluate all offers received on a VA foreclosure home to determine if any offer meets the minimum criteria established by the VA for acceptance. If the minimum criteria have not been met, Ocwen will continue to list the VA repo for sale after the close of the initial Simultaneous Offer Period. If the listing price is changed on a particular VA foreclosure, a new Simultaneous Offer Period will apply for the new listing price. The Ocwen website will give you basic information on VA foreclosed homes. It will give you any disclosures for the property and list if it is available for VA Vendee Financing. The website will give you enough information to determine if the VA foreclosure is something you may want to contact you real estate agent for more information. You can do free search of VA foreclosures in your state at Ocwen website:
After you have done a search for VA foreclosures come back this website and do a free search for HUD foreclosures.
Free Search for HUD Home Listings Browse my website for more information on HUD VA homes for sale. Also check out the Resources Page for information on profit opportunities in real estate.
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