Short Sale Superstars

Terry Hammill added a discussion to the group VA Compromise Sales

Servicer Guidelines for Compromise Sale

Does anyone have a copy of a current servicer guide for VA Compromise sales? Having issues with Navy Fed cutting commissions and some standard fees claiming the VA allows them to..... when speaking with the VA, they state otherwise. Navy Fed is…See More

43 minutes ago

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Terry Hammill joined Wendy Rulnick's group

VA Compromise Sales

Group devoted to discussions for Veterans Administration short sales, called Offers in Compromise, or VA Compromise Sales.See More

53 minutes ago

256 Comments 13 Likes

cal bates is now a member of Short Sale Superstars

4 hours ago

Welcome Them!

Carlos Montano and Gingergaye Holowel joined Short Sale Superstars

Friday

Chad Gelsinger replied to Guerry Clegg's discussion Borrower current in the group VA Compromise Sales

"Hi Guerry, We have never closed a VA Compromise Sale with the Borrower being current. VA regulations typically require 60 days of delinquency. It makes sense the Servicer will not close without the VA backing. I would agree with Brett, where the…"

Jun 19

Brett Goldsmith replied to Guerry Clegg's discussion Borrower current in the group VA Compromise Sales

"Maybe they were okay with not taking out a claim after that sale if the deficiency was small. Most servicers won't approve short sales for FHA or VA if they won't pay out the…"

Jun 19

Guerry Clegg added a discussion to the group VA Compromise Sales

Borrower current

I have a VA short sale that is taking a long time for lender approve. They said the holdup is the seller is current on her payments so they have to get a variance from VA. Someone at VA told me they don't issue such variances, and if the lender…See More

Jun 19

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