va vendee loans: Stump the Broker - No appraisal on VA Vendee Loan?
- 05/19/09 05:40 PM
One of my agents came to me with a dilemma today that I've never heard before. I've done some research but I'm not quite sure if I have all the correct information.Here is the situation: Our agents buyer purchased a foreclosed home that was bid up over list price and is due to close in early June. The FHA appraisal came back today at $9000 less than the agreed upon sales price. The VA said NO to reducing the sales price, but here is our counter offer........ Buyer to obtain a VA vendee loan and it must be with Bank of America in Dallas. Up to 108% financing. 580 FICO with good … (8 comments)
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One of my agents came to me with a dilemma today that I've never heard before. I've done some research but I'm not quite sure if I have all the correct information.Here is the situation:
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