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 amount has been forgiven.

I am going between calling the bank and letting them foreclose on the house instead of going through all of the sale process only to have to file bankruptcy on the defeicnt amount at a later date.