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Posts by : Karla Leahy

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Feb 26th 2010

VA Short Sales

Posted By: Karla Leahy In:   Short Sales


View the article below regarding a VA Compromise sale for those in the service whose mortgage payoff is greater than their sales price is. (if you have a VA  loan.)  A compromise sale (or offer in compromise) is when the Veteran's Administration approves the sale of your home when your mortgage payoff is greater than the sale price, and there is not enough to pay back your VA entitlement.  You must have a hardship and need to sell.

Click here for the whole Blog!

 

Two questions always come up when I help with VA Compromise Sales:

1.     How will a VA Compromise Sale affect my credit?

To get a direct answer, I called the Veterans Affairs Regional Office.  They told me VA Compromise sa...


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