Borrower current - Short Sale Superstars2024-03-28T19:08:04Zhttps://shortsalesuperstars.com/forum/topics/borrower-current?groupUrl=VAshortsales&xg_source=activity&feed=yes&xn_auth=noHi Guerry,
We have never clos…tag:shortsalesuperstars.com,2019-06-19:3468065:Comment:3977382019-06-19T20:58:05.232ZChad Gelsingerhttps://shortsalesuperstars.com/profile/ChadGelsinger
<p>Hi Guerry,</p>
<p>We have never closed a VA Compromise Sale with the Borrower being current. VA regulations typically require 60 days of delinquency.</p>
<p>It makes sense the Servicer will not close without the VA backing. I would agree with Brett, where the short fall amount is minimal, they may proceed... OR the file simply fell through the cracks.</p>
<p>As far as requesting a variance... Never heard of such a thing with VA. Maybe the Servicer has their information confused with FHA.…</p>
<p>Hi Guerry,</p>
<p>We have never closed a VA Compromise Sale with the Borrower being current. VA regulations typically require 60 days of delinquency.</p>
<p>It makes sense the Servicer will not close without the VA backing. I would agree with Brett, where the short fall amount is minimal, they may proceed... OR the file simply fell through the cracks.</p>
<p>As far as requesting a variance... Never heard of such a thing with VA. Maybe the Servicer has their information confused with FHA. Chad.</p> Maybe they were okay with not…tag:shortsalesuperstars.com,2019-06-19:3468065:Comment:3977332019-06-19T15:12:27.010ZBrett Goldsmithhttps://shortsalesuperstars.com/profile/BrettGoldsmith
<p>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 the mortgage insurer won't pay out the claim.</p>
<p></p>
<p>Brett@ishortsalenow.com</p>
<p>310-564-6389</p>
<p><a href="http://www.ishortsalenow.com" target="_blank" rel="noopener">www.ishortsalenow.com</a></p>
<p>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 the mortgage insurer won't pay out the claim.</p>
<p></p>
<p>Brett@ishortsalenow.com</p>
<p>310-564-6389</p>
<p><a href="http://www.ishortsalenow.com" target="_blank" rel="noopener">www.ishortsalenow.com</a></p>