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Updated over 8 years ago,

User Stats

31
Posts
5
Votes
Jay V.
  • Investor
  • Oklahoma City, OK
5
Votes |
31
Posts

Help with a VA foreclosure

Jay V.
  • Investor
  • Oklahoma City, OK
Posted

I am looking into a SFH but, it is a VA foreclosure. I have zero experience in buying/bidding on foreclosures and can not find much information on how the VA buying process works.

The house in question is priced well below market value and, going from the pictures, there is not a lot of work needed. It is also in a good neighborhood but, has been on the mls for almost 2 months.  So I'm also wondering why a more experienced investor or flipper hasn't picked it up.

Could there be something that I am missing or something that I need to know? It does say that it is a rehab loan or cash deal because of the possibility of lead based paint. Thanks for the help!

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