woodbridge hap: Woodbridge Military Family Makes A Move After A Successful VA Compromise Sale
- 08/26/11 02:38 PM
First a deployment and then PCS orders meant my sellers needed to make a move. Unfortunately they had missed the deadline to qualify for the Department of Defense Homeowners Assistance Program (HAP) so it looked as if a short sale was in their future. As we started talking about the process I learned they had a VA loan on their home which meant there was another alternative. Though a VA Compromise sale is similiar to a short sale, the lender can file a claim with VA for the difference between the proceeds and the payoff amount. This makes it easier for … (0 comments)
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Cindy Jones
Pentagon, Fort Belvoir & Quantico Real Estate News
First a deployment and then PCS orders meant my sellers needed to make a move. Unfortunately they had missed the deadline to qualify for the Department of Defense Homeowners Assistance Program (HAP) so it looked as if a short sale was in their future. As we started talking about the process I learned they had a VA loan on their home which meant there was another alternative.
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