Re: VA Foreclosure

Posted by Rita Vanderlinden on November 01, 2002 at 21:38:21:

In Reply to: Re: VA Foreclosure posted by Jim V on October 27, 2002 at 04:08:08:

: Depending on the state and regional market values, you may be looking at nothing more than credit impacts. In some states, you may be looking at the possibility of deficiency judgments if the lender ends up with a loss. Very high probability you'll never to be able to get another government backed loan(VA/FHA).
: VA has pretty strong assistance programs, I'd take the effort to explore those before just letting it go.

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: : Depending on the state and regional market values, you may be looking at nothing more than credit impacts.  In some states, you may be looking at the possibility of deficiency judgments if the lender ends up with a loss.  Very high probability you'll never to be able to get another government backed loan(VA/FHA).
: : VA has pretty strong assistance programs, I'd take the effort to explore those before just letting it go.


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