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Or he could convince the bank to approve a "short sale" for less than what’s owed on the mortgage-in which case the bank, to cut its losses, generally forgives the difference between what’s owed and the sale price. Those are all legitimate choices. The transaction becomes a "flop," however, when Harry gets greedy.
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VA Loans – Cash Back Rebates For Florida Home Buyers – VA Loan Tampa Certificate of Eligibility. After establishing that you are eligible, you will need a Certificate of Eligibility (COE).The COE verifies to the lender that you are eligible for a VA-backed loan. This page describes the evidence you submit to verify your eligibility for a VA home loan and how to submit the evidence and obtain a COE.
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