Hello All,
VA Compromise Sales must now net at least 85.05% of appraised value, no longer 88.13%. See the bulletin - VA Compromise Sale Program Changes
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Thank you for sharing this information.
You're welcome, Jim!
Is the 85.05% still current, just making sure as I'm about to start the short sale process with Regions Bank. Any feedback in dealing with Regions Bank on a VA compromised Short Sale is greatly appreciated. Thanks
Petra - It is current! Regions just has to abide by the guidelines. Post here if you have difficulty!
thanks, Wendy :)
A negotiator at Chase told me today that the required net for VA was reduced to 84.05 percent last December. Does anybody know if that's true?
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