VA foreclosures service provider is BAC Home Loan Servicing, LP. BAC Home Loan
Servicing, LP list and sells VA foreclosed homes through local real estate agents.
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 BAC Home Loan Servicing,
LP website.
VA is more negotiable than HUD on offers for VA foreclosures. Unlike HUD, BAC Home Loan Servicing, LP will do
counter offers. They are slower to respond to an offer on a VA repo than HUD is on HUD Homes For Sale.
BAC Home Loan Servicing, LP no longer has a “Simultaneous Offer Period” for new listings of VA foreclosures and
also listings with price changes. The Simultaneous Offer Period was usually ten days from the time the VA repo was
listed on the local MLS service.
The BAC Home Loan Servicing, LP 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.