Quote:
Originally Posted by Topspinmo
A gentleman in my area brought house and 6 months later had medical episode died, no will? and Va loan, family members abandoned it probably due to more loan debt than it worth? House been setting over 2 years no power. I suspect it will be setting another 2 plus years. What I don’t understand how 80 plus gets I’m guessing ? 100% VA loan? If so that’s good news for me….. if I need loan at 90?……  |
So I’m guessing you’ve done some in-depth information on this home to know that there’s a VA loan and amount to be settled.
VA loan is guaranteed either Veteran or widower, as long as there is income. 80% is a rarity especially older age. 30 to 50% as a reality.
My dad was a contractor and rough carpenter, Homes for sale by the county for only taxes is bottom of the barrel.
Every home has to be completely gutted, no power for years. Take to studs, sheet rock mud (my job). Then sell for someone to finish. Quick turnaround and cash deal, usually another contractor.
If home hold mortgages, it’s bank owned, taxes their responsibility, sold as foreclosure.