Summer Online Forfeited Land Sale Now Open
Since 1946, Texas Veterans have been able to finance land purchases on favorable terms through the Texas Veterans Land Board (VLB). While the vast majority of Veteran borrowers keep current on their payments, a few must return the land to the VLB. These forfeited land tracts are offered first to Texas Veterans and Military Members through Quarterly Online Type I Forfeited Land Sales.
The current sale features 15 tracts in 12 counties, totaling more than 67 acres. View available tracts and place a bid at TexasVeterans.com. All bids must be placed by July 23, 2019, at 5 p.m. central time. A Veteran or Military Member whose bid is accepted may apply for a VLB Land Loan with a 30-year loan term at a 7.25% interest rate with a minimum 5% down payment. The land loan limit is $150,000.
Please note that tracts may be added or withdrawn by the VLB at any time, for any reason. Tracts that do not sell during the quarterly sales are made available to all Texas residents as part of the Ongoing Type II Forfeited Land Sale. VLB land loans are available for these tracts to non-Military Members and non-Veterans at the interest rate of 8.25%.
The Texas VLB Land Loan can be used toward VLB forfeited land tracts or other properties of one acre or more anywhere in Texas. If you have questions about bidding offline or online, please contact the VLB at 1–800–252–8387 or email@example.com.
If there are no forfeited land tracts that interest you please consider property search websites that list land for sale in Texas, or contact a real estate professional.