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What Is VA Compromise Sale

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What Is VA Compromise Sale

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  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

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