The Veterans Administration (VA) was established for the purpose of providing men and women who have served in the armed forces with various benefits. They provide many federal benefits such as health care, burial benefits, financial benefits and home loan assistance.
They have been helping veterans purchase homes since 1944. It is available to veterans, active duty personnel, and some members of the National Guard and the Army Reserve.
The VA provides lending institutions with guarantees that loans made to veterans will be re-paid in full in the event of a default. These loans are available to veterans for primary residence dwellings. It is the law that a borrower live in in the property purchased.
A benefit of a VA backed loan is that no down payment is required. Statistics tell us that these loans are more problematic than regular loans. A veteran can have declared bankruptcy at least two years ago and still get a loan without problems.
Benefits of a VA loan:
No down payment required.
Competitive interest rates are offered
VA fees and closing costs can be financed.
VA loans can be assumed.
No mortgage insurance premiums.
No mortgage pre-payment penalties.
Assistance is available to those in default.
There is not a lot of reading material available concerning VA loans so opportunities are there for the taking.
The VA has awarded a contact to Ocwen Federal Bank to manage all VA foreclosures. This company is located in Orlando, Florida and offers those properties through the us of real estate office across the country. There is a web site, ocwen.com which has a list of national foreclosures. There is a breakdown within the state listing for cities.
You can find a list of agents handling those properties on the web site along with important information concerning the property. Contact the indicated agent and arrange a visit to the property.
As the VA has guaranteed the loan when it is foreclosed and taken back it winds up on the VA list. Due to the fact that the original buyer had very little invested in the property the VA often finds itself selling for a discounted price. Houses can often be bought for 70-80% off the asking price.
Due to the previous homeowners financial condition the condition may vary widely. Have any property you are interested in examined by a licensed Home Inspector.
Ocwen Federal Bank has a special financing program available called VA Vendee Financing Program and is available both to veterans and non veterans. The most important fact is that you don’t have to occupy the property you are buying.
Benefits of the Vendee Financing Program:
No down payment for owner occupants.
A low down payment of 5% for non occupants.
Competitive interest rates.
No mortgage insurance required.
No appraisal fees.
No flood certification.
This is a largely untapped area for new investors. Do your homework and seek the advice of professionals.
By: Ray Caran
How Do I Invest In Veteran Administration Foreclosures?
March 7th, 2010 by admin No comments »Criminal Justice Careers
March 6th, 2010 by admin No comments »
A career in criminal justice begins with the right kind of educational background and training. Practitioners are expected to show expertise in law enforcement, administration, criminal psychology and sociology, forensics, among others.
Training for a Career in Criminal Justice
Persons interested to get a career in the field of criminal justice need to earn the appropriate degrees. Like in any profession, an individual may opt to undergo an undergraduate program or get a master’s degree in an area of specialty.
Students may take classroom lectures or go online for their degrees. Either way, the quality of education depends on the institution and the expertise of their lecturers. Hands-on training and exposure to real-life situations and cases may spell the success of a graduate in landing the right job.
Careers in Criminal Justice
Holders of criminal justice degrees may find job opportunities in several areas of the field. The most common and popular choice is to join the police force as law enforcers or as agents for the Secret Service or homeland security. Others who have a knack for solving puzzles take jobs as crime scene investigators, criminal profilers, and evidence experts.
There are also practitioners who put their skills and knowledge in the rehabilitation of convicts and planning of correction facilities. Some exert influence on the policy making procedures regarding criminal justice and shape how society views crimes. Or get posts in the courts as researchers and analysts. Not everyone though prefers to serve in the public sector. A lot get employed as private investigators, corporate safety and security consultants, and security agents, among others.
With an extensive background that range from an understanding of criminal laws, international policies and diplomacy, psychology, sociology, among others, graduates of any criminal justice courses have so many opportunities open for them in the safety and security industry and profession. Included also in the choice are academic opportunities as lecturers and consultants.
By: Marcus Peterson
Is the Obama Administration Falling Apart?
March 5th, 2010 by admin No comments »
Since the inauguration in January, President Obama and his administration have had the weight of the world on their shoulders. But is the administration falling apart amidst the constant pressure, and important issues lingering above them?
If that wasn’t enough, now the American people are now speaking out with their concerns. Overwhelmingly the people have spoken, and it doesn’t look promising for the Obama administration. According to a poll released by CNN/Opinion Research Corp Tuesday, the findings show that 51% of Americans disagree with Obama on important issues.
That is up 10% since the month of April. This may be a setback for President Obama’s agenda, but his popularity with the people could be used to further push his ideas. The Presidents humble personality that plays well with individuals of this country whether you disagree with him or not. On the other hand his popularity shouldn’t be the only factor that allows him to achieve his agenda. The President’s agenda should be what the majority of the people believe is beneficial for the country, not a popularity contest.
Meanwhile Secretary of State Hillary Clinton is being viewed rather favorably among the people, but then again she’s contributing to policy work, not tough political decisions. With controversial issues like healthcare reform and the economy. People will be more than happy to support a proposal that seems to have potential, but if the proposals remain stagnate, there may be no hope in the future for this administration. The GOP may be waiting to pounce come the election of 2012.
By: Chadd Ganus
