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** EFFECTIVE OCTOBER 2013 VA COMPROMISE SALES MUST NET 85.05% of APPRAISED VALUE ***
Dispute VA Compromise Appraisals by emailing [email protected]
http://www.vba.va.gov/ro/roanoke/rlc/forms/Circular%2026-08-13.pdf
If
Started by Neil L.. Last reply by Brett Goldsmith Apr 9, 2020. 3 Replies 0 Likes
Started by Rose Beaverson. Last reply by Jason Sanseverino Aug 20, 2019. 3 Replies 0 Likes
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@Julissa - the net after closing costs is what they seek. All closing costs.
When we say VA short sale must net 84.05% of NOV, is that the net required AFTER deducting agent commissions and other seller costs?
I've tried going through old discussion posts trying to find this answer and will continue but am hoping someone may save me some time. my buyer submitted offer on Chase VA short sale. Offer price is over $1,000 above 84.05% of the newly appraised value and they have rejected our offer.
Where can I take it from here?
My thanks to Corinn and Wendy. Have a good weekend.
This is the most recent dispute form that I've received for a VA short sale. I hope it's useful. VABPODispute.xls
Bill - Be as detailed as you can, use a grid or CMA format, make adjustments. Show why. Use supporting evidence, such as inspection report, photos, etc.
VA APPRAISAL DISPUTE............Our VA appraiser was either unaware of or ignored significant repair work that was needed. No buyer is going to pay enough to hit the required net. .............. Anything new about challenging a VA appraisal? Still initiate by emailing [email protected]? Any required forms?............... I always welcome any suggestions on this stuff. .............. Thanks.
Wendy: Thanks, as always, for the quick and reliable info. Appreciated.
Bill - VA says they cap, but in reality, if the net to the VA is within limits, they have allowed the excess to pay the junior lien. I have not seen a requirement from the VA for the junior to forgive, Kevin Lancaster?
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