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Social Studies, 13.02.2020 22:24 larry2929
Ms. Nation, an eligible veteran, made an offer of $95,000 to purchase a condo she will finance with a VA-guaranteed loan. Four weeks after the offer was accepted, a certificate of reasonable value (CRV) for $92,000 was issued for the property. In this case:
a. the veteran may withdraw from the transaction without penalty or negotiate with the seller to reduce the price to $92,000
b. the seller can finance a second mortgage for the remaining balance
c. the veteran can purchase the property, provided she can get an additional loan for a $3,000 down payment
d. the veteran can wrap the $3,000 into the financed loan costs
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Ms. Nation, an eligible veteran, made an offer of $95,000 to purchase a condo she will finance with...
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