Posted by bill twyford on March 06, 2003 at 22:53:06:
va does 91% of appraised value
bill
VA short sale question - Posted by Tracie-WI
Posted by Tracie-WI on March 06, 2003 at 12:19:57:
I’m looking for input regarding a short sale I’m working on. I’ve searched the archives for VA short sales and get “0” results. Something’s not right there! The homeowner thought that when he refinanced, the VA was changed to conventional. However, according to the bank, it’s still listed as VA. I’d like to know if these loans are guaranteed; if so, to what %? If anyone would mind sharing their experience with this, it would be appreciated!