Reply to VA Loan from a Seller's viewpoint

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[quote=Anonymous]It's November 20, 2013 and I wanted to post my recent experience as a seller. On October 20, I accepted an offer from a person pre-approved for the agreed upon purchase price of the house. We were to close on Nov. 21-22. One week ago, the appraisal came in at the purchase price or more and the VA approved the appraisal and inspection. Last week, I asked the buyer to postpone closing ten days, since planning was so difficult while neither buyer nor seller knows if the buyer can get his loan. Today, one day before the original agreed-upon closing date, the VA turned its client down for a loan. The buyer is $40 short a month for qualifying. I re-list tomorrow. I would say that the cautions about VA loans should be heeded. I will avoid buyers having them. If the VA wants sellers to take its loan-guarantees to vets seriously, then the VA and its minion lenders should do their homework in a timely fashion. I am disappointed but not shattered. OTOH I bet the buyer, a vet, is shattered.[/quote]

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