The required repairs are taken care of by a third party who submits their bid to the VA. If the bid is over what VA has agreed to pay for then they will reduce their contribution to closing costs or increase purchase price by that amount if appraisal allows. The listing agent will take and submit bids to VA.... more
I agree with John and Sam, however when looking into the special loans that Sam is talking about PLEASE have you lender make sure the funds are available. If you get into a contract and the due diligence periods run out and the financing falls apart you could loose your earnest money.
Some banks that are selling the foreclosures also charge $100-$150 a day for each day past the set closing date, that a home doesn't close.
Make sure your Realtor and Lender are working for you.... more