Job or Income Loss
A change in employment or income has made the mortgage unsustainable.
VA Loan Distress & Compromise Sale Resources
VA Loan and Facing Financial Hardship?
If you have a VA-backed mortgage and can no longer afford the home—or the property may sell for less than the amount owed—there may be options worth understanding before foreclosure. Brad Wolfe, a U.S. Marine veteran, and Mary Baca help Southern Nevada homeowners navigate the real-estate side of distressed sales.
Nevada Home Relief is not affiliated with or endorsed by the U.S. Department of Veterans Affairs.
One possible path
What Is a VA Compromise Sale?
A VA Compromise Sale is commonly used to describe a short-sale process involving a VA-guaranteed loan when the property's approved sale proceeds are not enough to fully satisfy the mortgage and permitted transaction costs.
The mortgage servicer and applicable VA requirements can affect the process, documentation and approval. It is not automatic, and every loan must be evaluated individually.
First question: do you actually need a short sale?
Before assuming you are underwater, we can review the property's estimated market value, mortgage balance and other known liens to determine whether a traditional sale may be possible.
Situations we see
When a VA Homeowner May Need to Evaluate Sale Options
Medical Hardship
Health issues or related expenses have affected the ability to keep up with payments.
Relocation
You need to move but the property may not have enough equity for a traditional sale.
Missed Payments
You are delinquent or expect that continued payments will not be realistic.
Deferred Maintenance
The property needs repairs that you cannot or do not want to complete before selling.
Foreclosure Activity
You have received a Notice of Default or a reported trustee-sale date and need to evaluate the timeline quickly.
The real-estate side
How the Process Can Unfold
Review Value & Debt
Estimate the property's current market value and identify the mortgage, HOA and other known claims.
Understand Your Goal
If keeping the home is the priority, retention or housing-counseling options may deserve consideration before a sale.
Market the Property
If a sale is chosen, establish a strategy based on condition, comparable sales and the timeline.
Submit the Package
A buyer's offer and required homeowner/transaction documents are submitted for servicer review.
Valuation & Approval Review
The servicer may order a valuation and review the offer, closing costs, liens and other terms under applicable requirements.
Written Approval & Closing
If all required parties approve the transaction, the sale proceeds toward closing under the written approval terms.
Requirements and approval terms vary. No short sale, foreclosure postponement, waiver or deficiency outcome can be guaranteed.
Veterans helping veterans
We Understand the Weight of the Situation.
Brad Wolfe is a former United States Marine and serves as President of the VAREP Las Vegas Chapter. Nevada Home Relief's role is to help homeowners understand the real-estate side of the situation and coordinate a sale when that is the path they choose.
Veteran status does not change our promise: we will not assume selling is the right answer before understanding your goals.
Real VA homeowner experience
Brad and Mary helped a Navy veteran who experienced medical hardship, secured a buyer quickly for a property with deferred maintenance and ultimately closed an approved short sale.
Read the Full StoryCommonly requested information
What to Have Available
Loan Information
Recent mortgage statement, servicer name and approximate balance.
Recent mortgage statement, servicer name and approximate balance.
Property Information
Address, condition, HOA information and known liens.
Address, condition, HOA information and known liens.
Hardship Information
Basic explanation of what changed and when the mortgage became difficult to maintain.
Basic explanation of what changed and when the mortgage became difficult to maintain.
Foreclosure Notices
Any Notice of Default, Notice of Sale or trustee correspondence you have received.
Any Notice of Default, Notice of Sale or trustee correspondence you have received.
VA homeowner questions
VA Compromise Sale FAQs
Is a VA Compromise Sale guaranteed because I have a VA loan?
No. The loan, property, offer and homeowner circumstances must be reviewed under the applicable servicer and VA requirements.
Do I have to be behind on payments?
Requirements can vary. Do not intentionally miss payments based on general website information. Speak with your servicer and appropriate advisors about your specific situation.
Can I sell the property as-is?
Potentially. Property condition affects marketing and valuation, but significant repairs do not automatically prevent a sale.
Will a VA short sale affect my future VA loan eligibility?
Future entitlement and loan eligibility can depend on the transaction and VA rules. Confirm your specific entitlement and eligibility with the VA or a qualified VA lender.
Does Nevada Home Relief work for the VA?
No. Nevada Home Relief, Team Wolfe Pack and LIFE Realty District are independent real-estate providers and are not affiliated with or endorsed by the Department of Veterans Affairs.
Start with a confidential review
Your VA Loan Does Not Mean You Have to Figure This Out Alone.
Tell Brad & Mary what is happening, what you owe, your estimated timeline and whether your first goal is to keep or sell the home.