" VA short sales can become a night mare. Is the seller aware that he may still be responsible for the difference and that he cannot use his VA benefits until it is paid. Here is the best advise.... hire a skilled short sale…"
My last VA Compromise Short Sale through Bank of America was a complete disaster due to alltheir internal problems..Hopefully Chase has things more under control. Does anyone have recent experience with a VA Short Sale through Chase? What documents are REALLY required.. best practices when dealing with their mortgage assistance department? The sellers are already feeling a bit confused when talking to them. Thanks so much!See More
Former client called saying he has PCS orders. Purchased in 2008 for $271,000. Refi in June of 2012 for $290,000! I have to say I am sick to see that his refi cost him nearly $40,000. He didn't take out any cash. The home is worth between $256,000 and $269000. Do you think there is any hope to get this short sale approved?See More
"No answers so far - that's interesting !
I think the denial of a short sale is the least of your issues;
Personally, I would NEVER let a buyer move into a property until after Closing. There are too many issues / problems that…"
We are one month and one week into waiting on this VA compromise sale. It's such a simple file but we can NOT get them to look at it. They keep "sending requests" for it to be opened. The packet is complete and even updated with new financial info since we have rolled into another month. Any suggestions out there that might help? Thanks!See More
My veteran seller is PCSing, and they bought the home at the top of the market.. so are having a hard time meeting the 88% requirement at the current market price. I was thinking that if they made a good principle reduction now, that would let them lower their price to be within market parameters and get a buyer and still meet the 88% net, this would work out great. But I'm wondering if we would be shooting ourselves in the foot,, that their lender would not cooperate if they see this reduction…See More
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