2009-10-05 — sfgate.com
" In some instances, the Multiple Listing Service descriptions of bank-owned foreclosures state, "No VA offers." Some include Federal Housing Administration loans in the ban. Even when listings don't explicitly eschew VA offers, banks often reject them - even when they come from the highest bidder - in favor of cash deals, according to real estate agents."
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BIGTXLENDER at 21:59 2009-10-06 said:
this is nothing new, as long as I have been an LO, 13 yrs now, its always been the case.. In order of acceptance: 1. cash 2. conv 3. fha 4. va VA appraisers are notorious even before HVCC for chopping values that could never be proven beyond a doubt. Permalinkadd a comment | go to forum thread
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