Experience shows that Texas veterans are a safe bet when it comes to loans. Less than 1% of Veterans Land Board customers forfeit on their properties, and the VLB makes every effort to help veterans keep their land. In cases where this is not possible, the VLB conducts quarterly Type I Forfeited Land Sales. During these sales, the VLB makes tracts of land available exclusively for other Texas veterans to bid on.
The VLB’s latest Type I Forfeited Land Sale is now open. The current sale features 30 tracts in 22 counties totaling almost 320 acres. Available tracts can be viewed at texasveterans.com, where all bids must be placed by April 22 at 5 p.m. central time.
Bids for properties may be submitted through our online bidding system which is now faster and safer, giving you more control over the bidding process. Once you find a piece of VLB forfeited property, the VLB website will direct you to either create a new online bidding account, or sign in to an existing account. For those military service members and veterans new to this method of bidding, we have created a user-friendly step-by-step Quick Start Guide that will walk you through the entire process. You can now rank individual bids based on preference, change the bid amount, or delete an entire bid with a few keystrokes. Up to six bids may be placed by a single buyer. Detailed information on the sales process can be found in the FLS Type I Handbook.
Please note that tracts may be added or withdrawn by the VLB at any time, for any reason. Your Texas VLB land loan benefit can be used toward these Type I properties or most other properties of one acre or more. Please contact the VLB about financing your land purchase at (800) 252-8387 or email@example.com.