Phil Johnson's Blog (1)
information on VA loan deficiency forgiveness in CA
I am selling my house that the mortgage is through Citimortgage and it is a VA loan (JEMC?).
I bought the house almost exactly 2 yeas ago for 285k and the only offers I have received are for $145k and $150k.
My concern is that the deficency will not be forgiven by the VA and due to my salary reduction I could not afford to pay back the deficent amount.
My realtor is not familiar with the VA process only telling me that all of the short sales they have done the deficent…
ContinueAdded by Phil Johnson on October 19, 2010 at 3:28am — No Comments
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