Ms. Rita works for the Coast Guard in South Florida but is an honorably discharged Veteran who used her 100% VA Home Loan to purchase her second home.  The first time she used her No-No Loan was when she was married.

The home was sold in the divorce and the loan was paid off.  Years later and now a grandmother, she was ready to start again.

Ms. Rita came to me and wanted an income property that she could get a little help in later years when she retires from the Coast Guard.  We found a great home with a building in the back of the main house that had been converted into a studio apartment.

The house was great but full of drama!

The house was in a short sale and the owner had moved to Central Florida.  The owner’s son and his family were staying in the home and were not paying any expenses.  The owner and her husband signed the contract for Ms. Rita to buy the house and now the family had to be relocated.   The son panicked and refused to cooperate.

It took all my experience, knowledge and understanding to get him to go along with the program.  Slowly, we were able to help him see the reality of his situation and little by little he started packing.

Meanwhile, the house inspection revealed the house had termites, the 50 year old tile roof no longer had any life left and water damage had created wood rot around the door jams.  Normally, a bank will not fix anything in a short sale because they are already getting less money back than the seller owes them.

However, the bank agreed to pay for a whole new roof, paid to have the house tented and to repair the wood rot caused by the water damage.   We were able to close in time for Ms. Rita to receive the $8,000 tax credit.  Ms. Rita was able to buy hurricane shutters so when she goes up North to visit her family during her summer vacation, she can close the house up with her accordion shutters and not worry about storms damaging her windows and flooding her home.

Now Ms.Rita is working on helping her father, a Korean War Veteran, purchase a home using his No-No Loan in sunny Ft. Lauderdale.   Being a good mother and grandmother, she is also helping her daughter purchase a home using FHA financing.

Ms. Rita has experienced a lot of challenges in her life but she did not let that keep her from finding the internal fortitude to be strong for herself and her family.  She purchased a home of her own in Ft. Lauderdale as a single, divorced female Veteran using her No-No VA Home Loan benefit.

Veteran women need to know they are able to launch out and that Uncle Sam has provided this benefit for their dedicated service to our country: 100% financing guaranteed by the government. Ms. Rita received her $500 dollar earnest money deposit back at the closing and the seller, who was the bank in this case, paid all the closing costs.  The No-No Loan helped Ms. Rita become a landlord in sunny Ft. Lauderdale.