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VA Wells Fargo seller needs relocation "incentive" money - possible?

Posted by Linda Cadotte on December 9, 2012 at 11:44am in Short Sale Discussions

My military seller is going overseas iin February.  His wife and daughter will need to relocate locally.  They need money badly to move the family into a rental.  Any experience/knowledge about ability to obtain relocation assistance for the family when the SS is a VA loan with Wells Fargo?

thx to all for your replies! 

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Replies

  • Wendy Rulnick December 12, 2012 at 2:28am

    All lenders do not apply the relocation incentive. My last Wells Fargo VA Compromise did not, but maybe someone has a more recent experience. My recommendation is to include the $1500 on the HUD as VA Relocation Incentive followed by a copy of the  official VA circular. Upload these together, to remind the negotiator. If you don't ask, you don't get!

    • Linda Hamilton > Wendy Rulnick January 25, 2013 at 10:32am

      AWESOME ADVISE. THANKS

    • Linda Cadotte > Wendy Rulnick December 12, 2012 at 2:39am

      Thank you.  I will include the circular with the HUD!  Great idea!!

  • Bryant Tutas December 10, 2012 at 2:39am

    As of January 6, 2011, the Department of Veterans Affairs has authorized mortgage services to pay $1500 to veteran home owners who are upside down on their mortgage and complete a VA compromise sale. 

    MORE INFO: http://shortsalesuperstars.com/group/VAshortsales

    • Linda Cadotte > Bryant Tutas December 10, 2012 at 3:53am

      That is GREAT News!  This family REALLY needs it!  thx for reply!

      • Kevin - Greenville, SC > Linda Cadotte December 11, 2012 at 5:10pm

        Keep in mind that this is a review process and your client may not qualify for an Incentive.

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