I have a VA loan in DEFAULT, do I still have entitlements w/o paying it off? Yes
1,591There is a Tier 2 Entitlement that allows you to purchase a a home without paying off the first default. You must buy a home over $144k. Sounds Crazy yes but it's real. No where on VA.GOV does it even mention it but I had a client do it. Let me know if you need more info.
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About 11 years ago
Find out who your Client's loan officer was who did that financing.
You can get the most accurate information about VA loan requirements and restrictions at the Department of Verterans Affairs Houston Region Loan Center, at this link,
http://www.vba.va.gov/ro/houston/lgy/home.html
You can get the most accurate information about VA loan requirements and restrictions at the Department of Verterans Affairs Houston Region Loan Center, at this link,
http://www.vba.va.gov/ro/houston/lgy/home.html
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