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A Plethora Of Misinformation Always Makes For Interesting Discussions

Hot ButtonOne great thing about social media is when inaccurate information surfaces you quickly recognize your own and fellow agent's hot buttons.

Even though it's still early in the week two of my hot buttons have been hit and by the reaction of a few other agents who also have seen the information, theirs have as well.   The first was a blog post written by an agent (I won't include a link) stating that a veteran or active duty military member would lose their benefits if they completed a short sale or foreclosure.  Say what?

A veteran or military member who completes a VA Compromise sale will lose a portion of their future VA Loan Benefits.  Per the VA:  "Should VA agree to pay the difference between the sales proceeds and the total debt to complete the compromise sale process, the portion of the homeowner’s entitlement used to guaranty his loan will remain tied up until VA is reimbursed in full."  This is the only benefit a veteran or active duty service member will lose.  It's not their retirement pay, their medical benefits or any other benefit they are entitled to by law.  A sweeping statement that states a they will lose their benefits forever is scary and wrong.

The second piece of information is that a short sale or foreclosure automatically means the loss of a security clearance.  Apparently this information is being taught in CDPE classes throughout the country.  Living in the Washington DC area, where security clearances are a big deal it helps to review the rulings from the Defense Office of Hearings and Appeals (DOHA) clarifying how a short sale or foreclosure may be viewed.

"Twenty-two administrative judge decisions dealing with foreclosures and short sales were reviewed, where clearances were granted and not appealed. These were examined to see what facts were sufficient to meet the initial challenge of convincing an Administrative Judge while at the same time were sufficient to satisfy Department Counsel not to appeal. The common thread in all of these cases is that: (1) applicants were victims of circumstances not of their own doing; (2) they had not been speculators in the housing market who were caught when the bubble burst; (3) they had not succumbed to fraudulent schemes “too good to be true” as a result of their own greed; and (4) they had made good faith efforts to meet their other debts after the loss of their homes by foreclosure or short sale."

I'm not going to tell someone that their security clearance is not in jeopardy if they undertake a short sale or their home goes to foreclosure. At the same time I'm also not going to make a blanket statement that you will for a fact lose your clearance.  I have a former short sale client who is employed in a Top Secret Clearance position in the government and another who works for a government contractor with a security clearance.  What both of those individuals made sure they did was talk to the appropriate personnel in their offices before they started the short sale process and kept them apprised of what was happening. 

It's important for all of us, myself included, to make sure we do as much fact checking as possible before we post a blog.  The very same people we are trying to help could be hurt by wrong information.

 


                                   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.

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Comment balloon 98 commentsCindy Jones • February 28 2012 04:31PM

Comments

Hi Cindy - It's good that you cleared this up. That's why people should deal with the experts in their area and not listen to the masses.

Posted by Peggy Chirico, REALTOR® 860-748-8900, Hartford & Tolland County Real Estate (Prudential CT Realty) over 6 years ago

Good evening, Cindy. Wow! Kinda reminds of the screwing that I got from Uncle Sam when I left the service after 2-1/2 tours of Nam. It seems as if there is a compromise somewhere...

Posted by TeamCHI - Complete Home Inspections, Inc., Home Inspectons - Nashville, TN area - 615.661.029 (Complete Home Inspections, Inc.) over 6 years ago

Mis-information has been the start of great relationships for me.  I like when it happens.

Posted by Vern Eaton, Realtor 651-674-7449 over 6 years ago

Thank you for posting this, Cindy.  I was so dismayed to read the blog post this person wrote that contained this misinformation.  After I commented on it, turns out she had taken it from another person's blog post.  Geez...  People, please verify what you are posting before you post it.  I'm going to re-blog.

Posted by Shirley Parks, Broker, 210-414-0966, San Antonio TX Real Estate (Sands Realty 210-414-0966) over 6 years ago

Aside from people taking more time to think things through, we need a BS button!

Posted by Amanda Evans, Real Estate Broker - Fort Worth Texas (DFW Living) over 6 years ago

Cindy

Very useful information on VA mortgages short sales.

Good luck and success.

Lou Ludwig

Posted by Lou Ludwig, Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC (Ludwig & Associates) over 6 years ago

Cindy, I'd actually heard that a veteran would be granted a short sale, as there is a stipulation stating they cannot be foreclosed upon 'while on active military duty'. Called the Soldier's Act. I did find information about it, but couldn't find a date to gauge how recent the info was. http://www.defense.gov/specials/relief_act_revision/

 

Posted by Karen Crowson, Your Agent for Change (Coldwell Banker Residential Brokerage) over 6 years ago

Great Post Cindy. I haven't had to personally handle a VA short sale and it's OK with me if my past VA buyers don't get into a postition that they(we) will be faced with a short sale - I hope they stay put for awhile.

On the point about clearances I have had one client tell me that their boss told them that if they did a short sale that they would loose their clearance. Now of course sometimes bosses are also mis-informed but it wasn't something this particular client wished to challenge. So they simply decided to rent out there old home and are riding it out until the market shifts.

Posted by Dan Pittsenbarger, Improving Conditions (Keller Williams) over 6 years ago

Peggy-the original blog made a blanket statement that was inaccurate.  I'd hope they would change it after multiple people notified them it was wrong.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Michael-sorry you may not have gotten the benefits you earned with your service to our country.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Vern-hopefully it was someone else's misinformation that started the conversation.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Shirley-unfortunately the orginal post still stands.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Amanda-a thumbs down button would be good.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Thanks Lou for your comment.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Karen-there are specific rules surrounding the SCRA and when a service member can be exempt from foreclosure.  5 major lenders have had to pay out to servicemembers who were foreclosed on in violation of the Act in the last few years.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Dan-based on what I've read the clearance issue is a case by case basis.  Make sure you clients go up the chain of command to make sure they get the right answer.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago
Thanks for straightening out the misinformation, I amsharing with my short sale department. Thanks!
Posted by Joy Daniels (Joy Daniels Real Estate Group, Ltd.) over 6 years ago

Cindy, Just one more reason I don't post about stuff that I don't have direct knowledge and expertise in.

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.520.5305 www.LizTour.com) over 6 years ago

Joy-I'd tell them to double check the DOHA site and make sure the homeowner talks about their specific case with their supervisor/security office.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Bliz-I try to stick with areas of knowledge that I have worked in.  Today I talked to the DoD HAP office, as an example, for an update since I work with so many families who are qualified for the program.  I want to make sure I'm passing on timely and relevant information.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

I'm totally changing the subject, but your blog made me think about a blog I posted yesterday about "Do You Know Your Boundaries" which you commented on and thank you.  However, after reading the blog over and over a few times, I decided to delete it, because I could have caused some hurt feelings with some of the my fellow realtors.  I need to learn how to write a blog without pointing any fingers. 

Posted by Cynthia Streza, Real Estate Professional (Deer Creek Village Realty, LLC) over 6 years ago

Good information Cindy.  Terribly wrong information.  But you've cleared it up very well.  Sounds like this agent was giving out a lot of false information.

Posted by Kay Van Kampen, Realtor®, Springfield Mo Real Estate (RE/MAX Broker, RE/MAX Solutions) over 6 years ago

At least you are getting the correct information out there Cindy. People have to remember that not everything they read on the internet is true.

Posted by Jackie Connelly-Fornuff, "Moving at The Speed of YOU!" (Douglas Elliman Real Estate in Babylon NY) over 6 years ago

Cindy, thanks for clarifying the info in question with the TRUE scoop. :)

Posted by Sonja Patterson, Texas Monthly 5-Star Realtor Recipient for the Hou (Keller Williams - BV) over 6 years ago

Good blog very usefull information for all and what will happen on a short sale with a va loan

Posted by Nathan Rufty - Home Loans at 909-503-5600, Mortgage Professional / Home Loans / Direct Lender (Mountain West Financial, Inc) over 6 years ago

Congrats on the feature! Excellent article. So good to see real information being submitted to counteract mis-information or poorly explicated information. Thanks for sharing and have a great week.

Posted by Laurie Clark CRB Angel Realty LLC Your Monument Realtor 719-502-6572, Angel Realty, LLC (CRB-CCSS-ASD-HBS-RSD-Denver Short Sale Agents) over 6 years ago

Cindy, when I took the CDPE course, they taught that if a person had a foreclosure they could lose their security clearance. They touted that as one of the benefits of doing a short sale, as one would not lose their clearance.

As they become more common, things change, but we had someone involved in the financial world and husband in the military bring money to the table last year because they didn't even want to have a short sale on their record. I agree that blanket statements get us in trouble and am glad you wrote this blog to clear up wrong information on both VA benefits and security clearances.

Sharon

Posted by Sharon Alters, Realtor - Homes for Sale Fleming Island FL (Coldwell Banker Vanguard Realty - 904-673-2308) over 6 years ago

Hi Cindy, I just saw a re-blog of this post, and was glad I did. Thanks for clarifying the VA compromise sale for military members. We do need to verify our information before we blog about it. Credibility is hard to restore once you put a dent into it.

Posted by Jerry Newman, Texas REALTOR, San Antonio Military Relocation (Brown Realty, 210-789-4216,www.JeremiahNewman.com) over 6 years ago

Cindy - I am so glad that you are setting the record straight.  Where can a VA seller go to find out exactly what to expect.. I don't think as an real estate agent I am qualified to answer these concerns.

Posted by Joan Whitebook, Consumer Focused Real Estate Services (BHG The Masiello Group) over 6 years ago

Cindy we're all so glad we have an expert in the house concerning these issues. Thanks for clearing it up for all of us. It is so important to present the most accurate and up to date information.

 

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Posted by Anna Banana Kruchten CRB, CRS 602-380-4886, Arizona's Top Banana! (Phoenix Property Shoppe) over 6 years ago

Cindy - You are totally in the Veteran hot spot of the country, thank goodness!    You know all of the ins and outs of everything military!   The area veterans are lucky to have you!

Posted by Dagny Eason, Fairfield County CT, CDPE Homes For Sale and Condo (Dagny's Real Estate) over 6 years ago

Cindy

Thanks for the clairification. No doubt many read the original post and are now mis-informed. THings are rarely quite as simple as that post tended to imply. It's a shame the writer did not do any apparent research - maybe they will now edit the post, thanks to you!

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (Solutions Real Estate ) over 6 years ago

I think the problem we have as that many agents will "assume" before verifying and clarifying. Great blog and to the point! ;)

Posted by Lauren Selinsky Broker CRS, "Your California Real Estate Broker" TM #oclauren (California Coastal Estates) over 6 years ago

Cindy,

The clarification is helpful, especially to anyone who saw the original post and was wondering what the heck was going on. I too always counsel my short sale sellers about talking to internal personnel before doing anything.

Rich

Posted by Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate (Coldwell Banker Residential Brokerage) over 6 years ago

Hi Cindy, I hope you commented on their blogs informing them of mis-information - If not that, at least send them a link to this post.

Posted by Ron Cooks, Texas Real Estate, Ft Hood/Killeen Homes for Sale (The Real Estate Marketplace) over 6 years ago

Cindy, thanks for the insight.  It's too bad that corrections to misinformation on the internet doesn't eliminate the original source of the misinformation.

Posted by Brian Schulman, Lancaster County PA RealEstate Expert 717-951-5552 (Coldwell Banker Residential Brokerage, Lancaster PA) over 6 years ago

Cindy, I trust your knowledge here on VA short sales since you have done so many of them...it is so important when clients ask us about security clearances and short sales to direct them to their human resource department, etc.  we do not know the true answer to it...great post.

Posted by Ginny Gorman, Homes for Sale in North Kingstown RI and beyond (RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate) over 6 years ago

Cindy - I deal with VERY few military clients and know that they make up a LARGE portion of what you do on a daily basis, so I would always refer to YOU as the expert in this area! Thanks for the clarifications!

Posted by Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional, Palm Harbor, Dunedin, Clearwater, Safety Harbor (Charles Rutenberg Realty) over 6 years ago

Cindy:

I see this happen time and time again, agents should have any posting that are related to real estate reviewed by their broker, or they are unable to post. It a shame that brokers do not have some guidelines & control on this mis-information happening. It makes all of us look unprofessional.

Posted by Lorraine or Loretta Kratz, Certified Negotiation Consultants (Crescent Moon Realty, Inc. & Land N Sea Auctions.) over 6 years ago

Hi Cindy. I did not see that blog, if I had I would of caught it, but, you got to it first...thanks for paying attention. It really gets under my skin when people don't know the facts. Good job!

Posted by Cheryl Thomson REALTOR Army Ret, Associate Broker in Northern Virginia ( United Real Estate (703.216.5635) cheryltee47@gmail.com) over 6 years ago

Cindy, just because someone writes something in a blog, it doesn't mean the information is substantiated with facts. Thanks for pointing this out. These are two major areas of concern in our area when it comes to short sales. We need to do our homework before writing a post that can impact the public.

Posted by Michael Setunsky, Your Commercial Real Estate Link to Northern VA over 6 years ago

You had me at "plethora". 

I think the CDPE teaches that security clearance "may" be in jeopardy, which is correct and of course every situation is different.  I'm doing a VA right now.  My client joked last night that this was the first time he didn't lose a house to an ex-wife!  

Posted by Valerie Crowell, Broker Associate (Keller Williams) over 6 years ago

Great blog, Cindy.  I like your style, and the info you offer is awesome.  Thanks.

Posted by Michael Elliott (Long & Foster ) over 6 years ago

You know it's bad when people pass along those un- fact - checked emails, but posting (the orignal) and the AR blog with the link back to the orginal ...  I don't at all understand it.  I got my Donald to immediately pick up the phone to call his VA rep to get the facts. 

Posted by Tammy Lankford,, Broker GA Lake Sinclair/Eatonton/Milledgeville (Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668) over 6 years ago

Things get passed along until they become established but facts...? Truth rules that arena not opinion

Posted by Richie Alan Naggar, agent & author (people first...then business Ran Right Realty ) over 6 years ago

Cynthia-sometimes we point fingers and hopefully when we do it's an opportunity for us all to learn.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Kay-I'm concerned when a service member comes across the original post and sees the statement they will lose their benefits forever that they will make a decision that could have even a bigger impact on their future.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Jackie-what are you telling me that everything on the internet isn't right?  Darn there goes my fun :-)

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Sonja-please check on any information that you think might be questionable, even mine!

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Nathan-thanks for stopping by.  Hope you are having a productive week.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Angel Realty-thanks for stopping by.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Cindy:

Thank you for explaining this particular situation.  I think your point about fact checking before disseminating information is a good rule to follow under any circumstances.  Congrats on the feature!

Posted by Carie Shapiro (North Shore Suburbs & Chicago Real Estate) over 6 years ago

What's the saying: trust but verify.  You're right about the misinformation that abounds.  I hear/read it constantly.  "The seller pays the buyer's agent."  No they don't.  It's a co-op fee split (off topic, sorry).  Critical thinking is clearly needed and I'm surprised to read about CDPE classes.  They should stop that.

Posted by Carla Muss-Jacobs, RETIRED (RETIRED / State License is Inactive) over 6 years ago

Very good point Cindy.  I see it all the time as well, makes me nauseous.  I do recall this being in the CDPE paperwork as well.

Posted by Kristin Moran, San Antonio,TX - Real Estate - 210-313-7397 (Owner - RE/MAX Access - KristinMoran@Remax.net) over 6 years ago

Yes I heard that & later found out it wasn't true. Have to be sure you are correct if your blogging about it, or you should.

Posted by Lyn Sims, Schaumburg IL Real Estate (RE/MAX Suburban) over 6 years ago

Hi Cindy,  This is a very informative post and makes a great point.  Way too easy to throw some half baked info out there and see if it becomes repeated or used as source material for other writings.

Posted by Bill Gillhespy, Fort Myers Beach Realtor, Fort Myers Beach Agent - Homes & Condos (16 Sunview Blvd) over 6 years ago

Cindy:

I don't list VA short sales, so I don't know the particulars of those sales.  It is good that Rainers comment about posts that have incorrect information.

Posted by Evelyn Kennedy, Alameda, Real Estate, Alameda, CA (Alain Pinel Realtors) over 6 years ago

Accurate information is crucial when people raise issues/questions about VA Short Sales. Thanks for a great post!

Posted by David Burrows, No Pressure, Just Seriously Devoted to Real Estate (Classic Realty) over 6 years ago

It's hard to correct stuff like that once it is out.  It can get picked up a million ways and sent further out there, misinformation and all!

Posted by Jay Markanich, Home Inspector - servicing all Northern Virginia (Jay Markanich Real Estate Inspections, LLC) over 6 years ago

Sharon-hopefully the military member wasn't eligible for HAP and lost out on the benefits.  I have been contacted by a couple who did short sales only to find out later about the program. 

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Jerry-I said a few choice words at my computer screen when I saw the blog post that emphatically stated a military member would lose their benefits if they did a short sale or lost their home to foreclosure.  Repeated attempts by multiple people to get him to change his post have gone unheeded.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Joan-they can go directly to the VA site or their regional VA office for the information on a VA Compomise sale.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Anna-I don't consider myself an expert but certainly I do my resaearch to make sure I'm not making a statement that could start a panic.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Dagny-we certainly have our share of military installations and retired military still with benefits to use.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Jeff-the original post still stands outside of AR.  Fortunately the post on AR was taken down when she realized the information was incorrect.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Lauren-I certainly have made mistakes with information but am quick, when told it's wrong to fix it.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Richard-I wish the original post would be corrected.  The unfortunate blogger on AR caught the brunt of the folks who found it and knew it was wrong.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Ron-multiple people have tried to contact the original blogger about his post but he seems to want to let the information stand.  Sad.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Brian-I wish there was a way to hit the delete button on the post that is out there.  But maybe he'll figure it out and change it at some point.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Ginny-anyone who has a clearance they are worried about should immediately go to the right department within their organization.  My clients have not lost their clearances.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Barbara Jo-we do have our fair share of military personnel in Northern Virginia.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Lorraine & Loretta-I'm sure brokers can't read every blog post but certainly it is up to us to try and work on the accuracy of information we provide.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Cheryl-I'm sure as former military you'll catch and correct any posts that you see that provide misinformation.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Michael-there certainly are some interesting items that pop up on blogs now and then that make me start searching to see whether the information is right or not.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Valerie-glad you heard the word "may" some folks in early classes had written information that said a person would lose their clearance  Good luck with your VA Compromise sale.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Thanks for stopping by Michael.  Have a good weekend.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Tammy-glad Donald could check and find out that the information was incorrect.  Fortunately at least one of the posts is gone but who knows how many times others have quoted him.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Richie-did you know George Washington did NOT chop down a Cherry Tree?

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Carie-thanks.  I had to go back recently for an article I'm writing for the Washington Post as they wanted the source of my information.  Even though it's something I've known for many years I had to back it up with facts.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Carla-what you mean the seller doesn't pay the buyers agent?  In reality doesn't the buyer pay both agents since the cost of the commission is in the sales price of the house?  Okay I'm sure that idea has been argued before :-)

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Kristin-maybe you can go back to the CDPE gurus and ask them to check their information before they scare folks away from a short sale.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Lyn-wow lots of confirmation that this information is out there and without much substantiation to back it up.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Bill-there is a time and place for half baked ideas.  I've had plenty of them but don't post them as facts on a blog.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Evelyn-I'm not an expert in VA Compromise sales but I do know it doesn't mean a overriding loss of benefits for a military member.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Thanks David.  I know since you are in this area you likely get the same questions about how short sales will impact clearances.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Jay-there is no way of knowing how many other people picked up this same information and are spreading it around the internet. 

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Great point! I like to think people don't believe everything they are told. But unfortunately some do.

Posted by Mary Borth, LuxeHomesBN.com over 6 years ago

What a good informative post from you...like usual, of course!

Posted by Cheryl Ritchie, Southern Maryland 301-980-7566 (RE/MAX Leading Edge www.GoldenResults.com) over 6 years ago

Cindy,

It would be silly for me to not defer to your expertise on this subject.  Out here we did VA loans in the 1970s, but not since then as our prices increased so much they exceeded VA loan limits.

Posted by Lloyd Binen, Silicon Valley Realtor since 1976; 408-373-4411 (Certified Realty Services) over 6 years ago

It is the misinformation that generally causes problems for the rest of us.

Posted by Kathy Sheehan, Senior Loan Officer (Bay Equity, LLC 770-634-4021) over 6 years ago

Mary-that's one reason the scammers are still able to hurt so many people.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Cheryl-thank you.  Hope you are doing well.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Lloyd-VA does jumbo loans and in our area the limit is high enough to work for most buyers.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Kathy-I can't imagine leaving information on-line when you've been told it is incorrect.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Well, since I have been out of the net, I apparently missed this post.  Glad I did.  Blanket statements about anything need to be verified, especially when you are talking about Military Organizations.  They are in a whole different world, and if you don't know it, then making unfounded statements are going to cause problems.  I certainly hope that this person has changed the post or enough folks were informed of the correct answer.  Wow.

Posted by Brenda Mullen, Your San Antonio TX Real Estate Agent!! (RE/MAX Access) over 6 years ago

Unfortunately Brenda the post still remains.  A number of people have emailed the agent and his response appears to be so what. 

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Cindy - Veteran benefits are such an important topic and one that is very near and dear to my heart having worked with military buyers for 15 years.  I appreciate your diligence in trying to guide the original blogger towards the correct information and in clearing the entire matter up in your post above.  While I missed the original post, your response is far more important in providing information that many vets do not know or understand.

Posted by Rebekah Radice, Social Media Marketing, Coaching & Training (Imagine WOW! Digital Marketing Agency) over 6 years ago

Rebekah-military service members have enough to go through without reading a post saying in today's tough economic times that they will lose their benefits if they lose their home.  Thanks for stopping by.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

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