Saint Paul Regional Office
Regional Loan Center
If the borrower is unable to sell his/her property for an amount greater than or equal to the current outstanding loan balance plus closing costs, VA may pay the difference to allow the sale to take place. Compromise sales are approved if the sales contract meets several criteria and results in a cost savings compared to a foreclosure.
Below are a few factors that must be considered:
Once it is determined that a homeowner may qualify for a VA compromise sale, you should contact the veterans lender and/or the VA.
U.S. Department of Veterans Affairs - 810 Vermont Avenue, NW - Washington, DC 20420
Reviewed/Updated Date: July 16, 2010