According to a Lender I work with all the time you have options NOW. Give me a call.
Unfortuanetly this happens a lot. For some reason the banks drag their feet on foreclosing and the consumer (you) pay the price for it.
It is still possible to do the re ... more
If you sell the home you must pay off the balance of the VA loan with the proceeds from the sale. This is taken care of at the time of closing.
If you are purchasing another h ... more
You can obtain FHA financing three years from the date of the short sale.