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Are You Upside Down On Your VA Loan And Need To Sell Your Woodbridge Home?

VA Compromise SOLD sale CJ Realty Group
If you're not sure what a VA Compromise sale is you can check out my previous post "Military Families Options if You Are Upside Down on Your Mortgage."  In brief it's a short sale for VA loans. 

Now the Veteran's Administration (VA) has added a $1500 Relocation Bonus for VA Compromise Sales at closing. The funds must be shown on the HUD-1 provided at closing.

This announcement comes on the heels of the Treasury Department saying some military families may be eligible for HAFA approved short sales without showing a drop in income. Fannie Mae and Freddie Mac have also changed their guidelines to include PCS orders as a qualifying hardship making a short sales easier for military families.

With the DoD HAP Benefits running low more service members may be looking at a short sale or VA Compromise sale as an option. It's never an easy decision to undertake a sale of a home when you are upside down on the mortgage but not everyone wants to become a landlord or face a separation from your family. However you do have options.


If you are a Ft Belvoir, Pentagon or Quantico service member with a VA loan and need assistance selling your Woodbridge VA home give an agent experienced with VA Compromise sales, military short sales and DoD HAP sales give Cindy Jones and CJ Realty Group a call at 703-346-2213

 

                                   Real People*Real Lives*Real Estate

If you are interested in learning more about the Northern Virginia Real Estate market including Alexandria, Arlington, Fairfax and Prince William Counties give Cindy Jones and Integrity Real Estate Group a call at 703-346-2213.

Military Relocation Specialist serving military families relocating to and from the Pentagon, Fort Belvoir, Quantico MCB and all of the Military District of Washington installations. 

Military Relocation Professional


Check out www.varealestatetalk.com and www.cjrealtygroup.com for more information.

Integrity Real Estate Group
 
Real People*Real Life*Real Estate

Licensed in the Commonwealth of Virginia



 

 

Comment balloon 12 commentsCindy Jones • January 09 2012 05:17PM

Comments

Cindy, Iam just glad that these folks have you as a resource. It's a shame that ANY military familes are facing this plight!

Posted by Russell Lewis, Broker,CLHMS,GRI (Realty Austin, Austin Texas Real Estate) almost 7 years ago

This is another good resource for miltary families that must PCS and sell their home so that they don't have to put it up for rent or bring loads of money to the closing table.  Great post Cindy! 

Posted by Brenda Mullen, Your San Antonio TX Real Estate Agent!! (RE/MAX Access) almost 7 years ago

Cindy,

The VA Compromise Sales are a great way for a Vet to get a restart. Adding some relo cash is a bonus.

Rich

Posted by Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate (Coldwell Banker Residential Brokerage) almost 7 years ago

Cindy

It's a shame that our veterans having the housing issues.

Good luck and success.

Lou Ludwig

Posted by Lou Ludwig, Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC (Ludwig & Associates) almost 7 years ago

Thank you Cindy, for this information on VA Compromise Sale option. I will actually look into this for myself as we 'got stuck' with our home at our last duty station. It would be nice not to have that on our back.

Posted by Susanna Haynie, Colorado Springs Realtor GRI CNE MCNE ePro MRP (CO-RE Group, LLC -Real estate sales and services) almost 7 years ago

Russell-military families aren't given a choice about moving.  After all of the double and triple deployments in the last few years getting some assistance to help them sell their homes seems the minimum of what their lenders should do.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) almost 7 years ago

Brenda-a short sale or VA Compromise Sale isn't what a family may want to do but losing money every month on a home when they have no choice to move can have a major finanical impact on a military family.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) almost 7 years ago

Richard-since other lenders are providing cash incentives for moves it's nice to see the VA following suite.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) almost 7 years ago

Lou-it's a shame anyone has to face a short sale and certainly it's tough for military famiilies.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) almost 7 years ago

Susanna-congratulations on your husbands retirement.  I'm sure that's a change!  If you have a VA loan a Compromise sale may be an option for you.  Were you eligible for a DoD HAP Sale?

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) almost 7 years ago

Good Morning Cindy, that is great news for our vets that they have assistance. This is a very well written blog that will reach those in need. Especially our American Heros. Have a great Tuesday.

Posted by Scott Godzyk, One of Manchester NH's Leading Agents (Godzyk Real Estate Services) almost 7 years ago

Scot-thanks for your positive comments.  Just trying to get the word out for any service member who is qualifed for the new benefit.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) almost 7 years ago

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