Does VHDA pay Purchaser's Closing?

I am handling a VHDA - Virginia Housing Development Authority- short sale. They tell me they only pay 5% brokerage fee, and NO purchaser's closing costs. In addition, all normal seller's closing costs over the brokerage fee plus $500 is the seller's responsibility. Has anyone settled a VHDA SS with that had any variance from their above stated VHDA policy? Thank you in advance for any VHDA SS eqperience feedback.

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Permalink Reply by Tara Samney on August 12, 2011 at 4:08pm

Terri, Were you able to get any variance to this? I got the same notice in accordance with their policy. Not trying for anything for buyer but have a $275 condo disclosure that needs to be paid a second loan negotiated for $2,200 and they state in their counter they don't allow money toward seconds. Thanks!

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