|
Property Management
and Miscellaneous
Frequently Asked Questions
Questions about VA-owned homes
for sale, etc.
Q: How do I find out how to purchase a VA-owned
property?
A: Countrywide Home Loans
(Countrywide) is VA's service provider who lists and
sells VA-acquired property. You may view the
website at
http://va.reotrans.com or contact a local real
estate broker in the area where you wish to live.
Q: Where can I find lists
of VA homes available for sale?
A:
You may view the web site at
http://va.reotrans.com.
Input the criteria of your choice to create a list of properties in
the area which you wish to live.
Q: How do I receive answers to questions that I might have?
A: When you have your list, select view to see details of the
property. You may then email questions directly to
the listing agent that is managing the property.
You may also contact the real estate broker of your
choice.
Q: Do I have to be a
veteran to purchase a VA-owned property?
A: No, all VA properties
are available for sale to both veterans and
non-veterans.
Q: Will VA finance the
purchase of a VA-owned property?
A: Yes, in the near future. When vendee financing (i.e.,
seller-financing) resumes it will be available for
most, but not all, property sales. Vendee financing
offers very reasonable down payment requirements,
and the interest rate is established by VA based on
market conditions. Any prospective purchaser who
requests VA financing to purchase a VA-owned
property must have sufficient income to meet the
loan payments, maintain the property and pay all
taxes, insurance, utilities and other obligations,
as well as be an acceptable credit risk. The
purchaser must also have enough funds remaining for
family support.
Q: How do I become a
Selling Broker?
A: Interested listing
brokers may contact Countrywide at
rembrokercommunication@countrywide.com for
information on selling VA-acquired properties.
Additional Contact Information:
Countrywide Home Loans Customer
Service
Telephone number: 1-866-781-0029
Hours: 8:00am - 5:00pm CST
Department of Veterans Affairs
Property Management (263)
810 Vermont Avenue, N.W.
Washington, DC 20420
Department of Veterans Affairs
Property Management Oversight Unit
3401 West End Avenue, Suite 760W
Nashville, TN 37203
General Fax: 215-713-9481
nashpm.vbaco@va.gov
|
