VA Pre Foreclosure In GA
A question for those experienced in VA foreclosures. I have found a home and a cooperative HO. I question the potential profit of the home and the amount of work it needs. 45k balance home may be worth 70-75 fixed up. Is there any chance the bank will accept less than what is owed in a preforeclosure deal? Does the VA insure the full amount? If the bank does accept less, will the HO still be responsible for the difference if he wants to maintain his VA status. The sale is the first tuesday in Sept.
Thanks[ Edited by jllaco on Date 08/23/2003 ]
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