Comment

Comment by Wendy Rulnick on March 29, 2013 at 2:34am

Petra - Well done, and I know you are happy!!

Comment by Petra Norris on March 29, 2013 at 12:42am

Closing on a VA compromised Short Sale today - ups and downs changing servicers from MetLife to Chase right after approval, etc - sacrifices on everyone's part makes this a successful transaction. Sellers can move on with their lives and concentrate what's important to them.

thanks to Wendy Rulnick for giving me great advice.

Mission Accomplished!

Comment by Wendy Rulnick on March 20, 2013 at 6:23am

I was just told by CITI that VA Compromise Sale NOV's (notice of value after appraisal) are being delayed due to the sequester. Expect longer times on VA Compromise Sales now.

Comment by Petra Norris on February 27, 2013 at 6:39am

Received VA compromise ss approval letter today with MetLife, but file is being transferred to Chase March 1st.  Still trying to get clarification regarding commission, Relo money, and net amount. According to MetLife the file continues with Chase, but does Chase honor current approval letter or will I receive another one?

Comment by Corinn on February 18, 2013 at 10:41am

Kevin,  Thank you.

Comment by Kevin - Greenville, SC on February 18, 2013 at 9:02am

Corinn,

You'll either have to get that from the Servicer or the VA.

Comment by Corinn on February 18, 2013 at 8:46am

Does anyone know where to find the seller's VA LIN#? 

Comment by Jim McCormack on January 9, 2013 at 12:36pm

The servicer and VA do care about the closing fees.  They still need to approve the commission side closing fees to make sure they are normal and typical, but the offer still needs to net 88.13% of the VA's appraised value.

Comment by cat on January 9, 2013 at 12:17pm

oh, my servicer is GMAC.  So, I thought I found that they would accept 88.13% of appraised value or NOV.  So they don't care what fees are what, just the bottom line??? 

Comment by Kevin - Greenville, SC on January 9, 2013 at 11:10am

Specific and detailed instructions for handling reconsiderations of value
requests are provided in Chapter 13 of the revised Lenders Handbook, Section 13.09.
This includes the roles and responsibilities of the LAPP lender, the Fee Appraiser, and
VA. The following is offered to explain the appraiser’s role in this process.

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