Has anyone ever gotten a "preliminary" approval letter from PNC on a VA loan? I just received one and while it basically addresses most issues, it does not mention the deficiency and whether it will be waived. Because it is a VA loan, will it automatically fall under the VA Compromise Sale guidelines or do I have to do something extra for that? My negotiator has not fully addressed this point though I have asked several times in several different ways.
My seller is naturally concerned. Any advice?
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It should fall under VA Guidelines. The seller should seek legal advice.