Information

VA Compromise Sales

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

Members: 201
Latest Activity: Sep 28, 2020

VA Compromise Short Sale Information

 

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To contact VA call 877-827-3702

VA Homes Loans Website
VA Financial Worksheet.pdf
VA Servicer Guide


** EFFECTIVE OCTOBER 2013 VA COMPROMISE SALES MUST NET 85.05% of APPRAISED VALUE ***

 

Dispute VA Compromise Appraisals by emailing [email protected]

VA Dispute Form - BPO

VALERI System Questions

http://www.vba.va.gov/ro/roanoke/rlc/forms/Circular%2026-08-13.pdf

 

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Discussion Forum

Did the Minimum NET change?

Started by Neil L.. Last reply by Short Sale Superstars LLC Apr 9, 2020. 3 Replies

VA Short Sale Appraisal Value Dispute

Started by Rose Beaverson. Last reply by Jason Sanseverino Aug 20, 2019. 3 Replies

Servicer Guidelines for Compromise Sale

Started by Terry Hammill Jun 26, 2019. 0 Replies

Comment Wall

Comment

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Comment by Guerry Clegg on May 21, 2014 at 3:03pm

What is VA currently allowing on junior liens? I have a first with Chase of $133k and HELOC with SunTrust of $13,000.

Comment by Kevin - Greenville, SC on May 6, 2014 at 9:30am

$1500 per VA Circular. It's optional on the part the Lender/Servicer.  The VA does not demand it be offered.

Comment by Scott on May 6, 2014 at 8:31am

I've had several VA short sales approved with $1,500.00 in relocation assistance.  I've never seen more than that on a VA loan.

 

Comment by Paola Martinsen on May 6, 2014 at 8:29am

Hello! Does anyone know if the seller gets a relocation assistance?

Comment by Alexis Adams on March 27, 2014 at 4:57am

Here is the website to find out which Regional Loan Center to submit valuation disputes to:

http://www.benefits.va.gov/homeloans/contact_rlc_info.asp

Comment by Kevin - Greenville, SC on March 19, 2014 at 10:14am

google.com is also your friend.

Comment by Kevin - Greenville, SC on March 19, 2014 at 10:14am

Sandy, look to the top of this page.

Comment by Sandy Frost on March 19, 2014 at 10:07am

Anyone know where I can find info on VA Compromise Sale?  Wells Fargo is the servicer. I'm wondering if there is a # of days payments have to be late? Is there a site where all of the requirements are laid out and process is explained (like in an FHA preforeclosure sale.  Thanks for your help.

Comment by Wendy Rulnick on February 6, 2014 at 2:08am

Has anyone done a NON-Arms length VA Compromise Sale with Chase? I've just been "informed" by our buyers that they are the seller's parents. 

Comment by Jason Sanseverino on December 17, 2013 at 3:16am

I will let you know when I have a response Guerry.. :-)

 

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