To order an REO which have a great Virtual assistant mortgage:

To order an REO which have a great Virtual assistant mortgage:

Toward bank so you’re able to invest in new marketing, you buy have to satisfy any unsolved financial obligation the present day citizen has. Otherwise, the latest foreclosures procedure get excersice give.

Small Profit: In the event the citizen is unable to manage mortgage payments and you can owes regarding the mortgage than the home is well worth, they might believe a primary sales.