The offer to purchase must meet or exceed the sale price.
Price
$93,500.00
Total Acreage
10.0500
County
Eastland
Tract Number
14932
A Veteran or Military Member whose bid is accepted may apply for a VLB Land Loan at a 7.25% interest rate, with a 30-year term and minimum 5% down payment. The VLB will only finance up to 95% of the minimum bid or $200,000 whichever is less. Any amount offered over the minimum bid or $200,000.00 must be paid at closing by the awardee. The maximum loan amount offered through the VLB Land Loan Program may not exceed $200,000. Two veterans who are spouses and are individually eligible to participate in the land loan program and satisfy all program qualification and requirements, may be eligible to apply for a land loan to purchase the same tract of land (minimum of one net acre), and may borrow up to $275,000, with a minimum requirement of five percent down. FLS tracts may be pulled from the sale solely at the discretion of the Veterans Land Board.
Legal Description
10.05 acre tract of land within Section 16, Block 1, H. & T.C. R.R. Co. Survey, Abstract No. 802 and Section 28, Block 1, H. & T. C. R.R. Co., Survey, Abstract No. 774. Substitute Trustee's Deed Doc. #2024-002290. Tax ID: 71182 & 71183.
Tract Dimensions
A=35.27' B=953.77' C=874.45' D=1280.39'
Location
In Gorman, TX, at the intersection of Hwy 6 and FM 8, travel west on FM 8 for 3.2 miles to CR 366. The subject is located at the NWC of FM 8 and CR 366. Tract is not in a flood plain. Lat/Long 32°12'51.03"N, 98°43'12.90"W
Account Number
30001272
Contact
VLB
1700 N. Congress Ave. Suite 810
Austin, TX 78701
800-252-8387
512-463-5060
vlbinfo@glo.texas.gov
