VHDA Loan
We continue to be 100% in completing short sales for our sellers. Its important you hire a short sale specialist with experience with your bank.
We just got this short sale approved in 42 days from contract!! The seller was forgiven over 100k
http://www.my1245shortsale.com/
Quick Facts
Hardship: Upside Down on the mortgage and going through a divorce
List Date: 11/08/2011
Contract Date: 11/28/2011
Approval Date: 1/09/2012
Close Date: 2/13/2012
Result: Full deficiency waiver for our seller.
VHDA is different than most banks. They are not reimbursed from the government after completing the short sale. They take the entire hit themselves. Because of this they fight a little bit harder on the short sale. You have to have a good hardship, otherwise they will want more money from you. In this case the sellers were going through a divorce and kids were involved. They granted our sellers full deficiency waiver. They only had to bring to closing $5,000 cash contribution to be forgiven over $100k. They did elect however to do a promissory note for $5,000 because they did not have cash on hand.
If you have any questions concerning VHDA Short Sales Contact Us. We have a proven record with VHDA Mortgage (Preforeclosure) Short Sales. We can help you with VHDA Short Sale in Virginia & Maryland.
See the Approval Letter Here
