Doing a short sale with a VA loan

I herd someone say that if you do a short sale with a VA loan you will loose your VA loan eligibility if you want to buy another house down the road is that true?

1 Answer

You want to call the eligibility center. You may be eligible for restoration even though your claim was "settled by compromise". I had a client who had this situation and was able to recover most of his eligibilty (less the portion that he had already used).