Comment

Comment by Wendy Rulnick on April 21, 2015 at 9:16am

I had two value changes as a result of my market analyses on two properties in the past seven months.  One reduced from $135,000 to $125,000, another house from about $218,000 to $185,000!! I had one rejected, but it's one they sent BACK to the VA field appraiser. I think they were just swamped on that one. I was strongly advised by a VA staff appraiser, that the value challenge must "tell them something they didn't know (like comps), and be done in a grid format, so they didn't have to recreate an appraisal from comps.  

Comment by Kevin - Greenville, SC on April 21, 2015 at 9:13am

Have not had much success with getting them to budge.

Comment by Wendy Rulnick on April 21, 2015 at 9:12am

Michelle - Email [email protected] with a detailed market analysis and supporting information, such as inspection report. 

Comment by Kevin - Greenville, SC on April 21, 2015 at 9:12am

sounds like you're pretty close. try to find a better buyer.

Comment by Kevin - Greenville, SC on April 21, 2015 at 9:11am

No. You'd be better off waiting for the appraisal to expire (6 months) and/or getting them to do a new one.

Comment by Michelle Weadbrock on April 21, 2015 at 9:10am

Has anyone had any luck getting the VA to budge on the 85.05%.  Their appraisal is ridiculously high (100,000) and I have a buyer at 92,000 who will not come up.  This is so frustrating.

Comment by Wendy Rulnick on January 28, 2015 at 6:09am

Yes, Bank of America had a recent change in processing VA Compromise Sales. They now are entered into Equator.

Comment by Kevin - Greenville, SC on January 27, 2015 at 10:34am

VA may or may not reimburse the Servicer for that amount. It depends on the amount of the VA guaranty.

Comment by Kevin - Greenville, SC on January 27, 2015 at 10:29am

from the VA - 

All VA-guaranteed loan mortgage servicers would be authorized to participate with relocation assistance.  However, the mortgage servicers are not required to offer relocation assistance for a VA Compromise Sale or Deed in Lieu.  VA does not force servicers to make a relocation assistance offer.

 

Comment by Robin Lemmons on January 27, 2015 at 9:53am

I was able to get Wells Fargo to approve the $1500 relocation incentive for a VA loan. VA will reimburse the lender.

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