Sage Meadows Foreclosure in Clarksville Just Closed on New VA Loan
By Debbie Reynolds, C21 Platinum Properties, The Dedicated Clarksville TN Realtor-(931)320-6730
(Platinum Properties- (931)771-9070)
Sage Meadows Home in Clarksville Now Closed This home has closed and sold on a new VA loan. Usually foreclosed homes are not in good enough shape to withstand the scrutiny of the VA or FHA appraiser. This one did. The buyers wanted to use a VA loan because of no downpayment required. VA repos will allow any closing costs paid for the buyer be added to the sales price up to a total of 3% of the sales price. This covered all the closing costs and prepaid items for the buyer. So the buyer had no out of pocket closing costs or a downpayment and could save their cash for doing improvements to the house. See foreclosed and short sale homes for sale in Clarksville, TN.There was instant equity as the appraisal was 10% higher than the sales price. This put a big smile on the buyers' faces.Sage ...
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