Investors and those who are looking for a permanent residence can take advantage of a VA forecloser home. These homes were bought by United States veterans with the guarantee of the US Department of Veterans Administration (VA) that offered them several advantages. However, if the veteran defaults in the mortgage payments or is delinquent in his taxes, the home can be foreclosed just like any property. The benefit for the buyer is that a VA home can be bought for only a fraction of its market value if there are few bidders in the auction, but remember that it is sold as is.

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