Help VA Planet Home Lending Short Sale!

A VA Planet Home Lending Short Sale can be one of the tougher short sales to work. A VA short sale governed by government guidelines is strict, but when the lender wants to make the guidelines for minimum NET harder to meet, it causes a further challenge. The mortgage lender and the representatives assigned play an important role in how smoothly a transaction moves. A VA Planet Home Lending Short Sale assigned representative may not be helpful so you may need to speak to the assigned underwriter who is truly familiar with VA guidelines. At times it appears only the higher ups truly know what is going on with an account. Planet Home Lending appears to service many Veteran Administration loan and they accept a standard short sale package. They will request the MLS listing history, showing log, and a 710 form.

If it is a VA loan they will request a VA appraiser to go out to the property to complete an appraisal. At times these appraisals are very strict and the Veteran Administration will issue a Notice Of Value upon return and the mortgage servicer will base what NET is acceptable based off that information. Generally VA will accept a minimum net of 85.05% percent of the appraised value. We have seen VA Planet Home Lending Short Sales require a higher NET in order to approve the transaction.

For help or any questions, please fill out the form below and you will be contacted immediately.

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