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HELP FOR MILITARY HOME OWNERS WHO MUST SELL WITH NEGATIVE EQUITY.
THE VETERANS ADMINISTRATION COMPROMISE SALE. 
Jon Graham asks about relief for the military home owner who finds himself or herself in a negative equity situation and needs to sell. 
The VA Compromise Sale is often the solution.  I've done several over the years and they are very much preferred over the conventional short sale or foreclosure.  Military owners do not usually have a choice when they receive orders to transfer.   Yet, if they purchased a home in the past several years, there is a good chance that they do not have sufficient equity to pay the cost of sale, part of which is usually a real estate commission.  Yes, agents do expect to be paid when handling the sale of any property.
WHAT THE VETERANS ADMINISTRATION DOES FOR THE MILITARY BUYER ALSO APPLIES TO FORMER MILITARY HOME OWNERS WITH A VA LOAN.
If the Veterans Administrations accepts the hardship application from the VA financed home owner, they will pay:
1.  The mortgage deficiency.  2.  The real estate commission. 3.  Closing help negotiated in the Contract of Sale. The VA borrower signs a note to the Veterans Administration at a significantly reduced interest rate and has a period of time to pay.  The ... more

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