Veteran Administration Short Sale Help

A Veteran Administration Short Sale ( VA ) or more precisely known as the VA Compromise Sales Program  is when a borrower needs to short sale a home that they purchased with VA guaranteed loan. The guidelines for a Veteran Administration Short Sale differ from the other short sale programs as they are governed by the Veteran Administration. A VA certified appraiser will complete the value for the mortgage servicer and will require a minimum NET of %85.05 of the appraised value per VA guidelines. At times mortgage servicers are delegated and will push to receive a higher NET to offset potential losses.

It’s also important for a homeowner to know that they will need to exceed minimum NET in order for the borrower to be eligible for a relocation incentive. The relocation incentives generally for Veteran Administration Short Sales are generally only up to $1,500.

Veteran Administration Short Sales follow extremely strict guidelines. Complete as much research as possible to structure a VA Short Sale for success. For assistance in structuring your transaction for success or if you have any questions, please fill out the form below.