Letter Short Sale With A Va Loan

State:
Multi-State
Control #:
US-FORECL-08
Format:
Word; 
Rich Text
Instant download

Description

This is a sample letter that may be sent to a lender to prevent foreclosure by requesting their agreement to a short sale. The letter may be customized to suit your needs.

How to fill out Sample Letter For Short Sale Request To Lender?

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FAQ

A Short Sale in Virginia is the process through which your mortgage company agrees to settle for less than what is owed to them. They do this as an alternative to the expensive and time consuming process of foreclosure.

Loan Seasoning In order to qualify for a VA IRRRL, a VA loan must be seasoned for at 210 days and you must have made your mortgage payment for at least 6 consecutive months. The 210 day countdown begins from the due date of your first mortgage payment.

Short sale process: the seller's side Submit a hardship letter to your lender. ... Hire a real estate agent. ... List your property for sale. ... Submit offer to lender. ... Finalize the sale.

Hear this out loud PauseHow Soon Can You Refinance A VA Loan? To refinance with a VA home loan, you'll have to meet the required waiting period of 212 days or 6 payments' worth of time ? whichever period is longer. You can expect this required waiting period regardless of which VA refinancing option you choose.

The VA requires you to wait 7 months (210 days) from your last loan closing before using the VA Streamline Refinance. However, some VA lenders impose their own waiting period of up to 12 months.

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Letter Short Sale With A Va Loan