"Hi Rose -
The servicer has limited authority on these matter. I see you did contact VA directly - Here is what I use:
1. No more than 3 comparable sales that closed prior to the effective date of the VAappraisal report that are…"
"I am waiting to see the official appraisal report and I'll work on a dispute after.We tried disputing previously because the appraiser did not note any of the damage which we have contract estimates for. VA and the appraiser were…"
"Contact VA and try to speak to the assigned rep that overseas your region when it comes to matters like this. Disputing VA appraisals isn't an easy thing. Remember, they typically want to NET 85.05% minimum of the appraised…"
We have received a second appraisal from the short sale lender that is far too high for the condition of the property and the market.Ironically the short sale lender is stating the value is the same as the previous appraisal. We are waiting to…See More
"I realize it is a very short process. Its been 15 weeks since I submitted the original contract to NOVAD with endless revisions to the CD. My contact from NOVAD finally responded today and said that HUD denied the short sale which now requires…"
"Short sales aren't quick unfortunately. If you can get it approved within a month or two consider it a blessing as that's faster than most. Hopefully a manager or your rep can push it through quickly for you and your client.
I have a 92 year old seller who is now in the hospital. He has a reverse mortgage. I've submitted all docs to NOVAD who was to forward to HUD for approval. Initially NOVAD said it would take approximately 2 weeks to get approval. We are closing in…See More
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