Updated over 10 years ago on . Most recent reply
Short Sale on a VA Loan
I just got off the phone with Realtor who recently has a listing expire that has a pending sale date of April 30, 2016. The Realtor informed me that her client didn't want to do a Short Sale because the Title Company told them that they would have to come to the closing table with approximately $30k. Payoff was about $308k and the Realtor said she had a buyer who was will to pay $299k. Is there something that is done differently in regards to working a Short Sale with VA Loans? This is the first I've ever heard of VA Loans being handled differently than say a Freddie Mac or Fannie Mae. Any insight would be greatly appreciated. Thanks in advance.