Ever since its founding in 1946, the Texas Veterans Land Board has been providing the strongest veterans benefits package in the nation.Experience shows Texas Veterans and military members are a great investment. 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.