Even so, sometimes Veterans can’t make the payments on their VLB loans and must forfeit their land. The Texas Veterans Land Board then makes these tracts of land available for other Texas Veterans to bid on in our Forfeited Land Sales that are held every January, April, July and October. Land that isn’t sold during these sales is made available for public purchase. The Type I Forfeited Land Sale is available only to Veterans and the Type II Program is open to the general public.
Texas Veterans and military members may use their VLB land loan benefit on these tracts or any other non-commercial tract that is one acre or more in size. Visit the VLB land loan page to learn more. Tracts may be added or withdrawn by the TVLB at any time or reason.