A bill to provide for discounted sales to eligible veterans of homes held for an extended time by the Veterans' Administration.

Summary

Authorizes the Administrator of Veterans Affairs to establish a program for the discounted sale of real property, manufactured homes, and lots to which a manufactured home is affixed which have been acquired by foreclosure and held for an extended time by the Veterans Administration. Limits such sales to veterans who are eligible for housing loan benefits. Allows such property to be sold at: (1) not less than 80 percent of the regular price for property offered for sale for at least three months but less than seven months; (2) not less than 75 percent of the regular price of property offered for sale for at least seven months but less than a year; and (3) not less than 70 percent of the regular price for property offered for sale for at least one year.

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Documents

1 official file

• Introduced in House

  summary · EN · 10 March 1988

  Open at official source

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