1 / 1

What Is VA Compromise Sale

FirstCommunityMortgage
Download Presentation

What Is VA Compromise Sale

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. What Is VA Compromise Sale WhilesellingahomefinancedwithVALoan; ifofferedpriceis lowerthanpayoffamountontheloan, militarymemberscan requestforVAcompromisesale. AVArepresentativecontacts thelendertoreviewthisrequest&ifapproved, VApaysthe differencebetweenofferandamountdueonmortgage. There should be no second liens or the seller has to request the lien holder to release the lien & convert the loan to a personal loan. The seller has to obtain a sales contract prior to applying for compromise sale program. The seller must exhibit financial hardship & has to submit a financial statement. The sale requires a current VA appraisal & must be less  costly for government than foreclosure. The property must be sold at a fair market value and the closing cost must be reasonable & customary. 107 W. Hwy. 190 Copperas Cove, TX 76522 254-542-5100 2201 Trimmier Rd. Killeen, TX 76541 254-680-6158 14641 S. Padre Island Dr., Ste. B Corpus Christi, TX 78418 3106 S. WS Young Dr., Bldg. D, Ste. 402 Killeen, TX 76542 254-953-7000 361-949-4647 10961 Gateway Blvd. West, Ste. 200 El Paso, TX 79935 915-843-2681 8522 Broadway St., Ste. 208 San Antonio, TX 78217 210-340-0404 1320 N. Zaragoza Rd., Ste. 111 El Paso, TX 79936 915-858-1996 7348 W. Adams Ave., Ste. 200 Temple, TX 76502 254-771-0020 16165 North 83rd Ave., Ste. 200 Peoria, AZ 85382 201 E. Central Texas Expwy., Ste. 1600 Harker Heights, TX 76548 254-680-6155 480-752-3110 100 W. Central Texas Expwy., Ste. 300 Harker Heights, TX 76548 254-690-3765 www.fcmloans4u.com Image Source: Designed by Freepik

More Related