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What is a Department of Veterans Affairs foreclosure?

April 26, 2017affairs Department foreclosure veterans

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What is a Department of Veterans Affairs foreclosure?

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One niche area of foreclosure investing is buying government-owned properties from the Department of Veterans Affairs. The Veterans Affairs helps veterans buy homes by guaranteeing loans to the lenders. When a veteran defaults on a VA-guaranteed home loan, the VA buys the property from the lender and offers them for sale – frequently at below market prices.