Trailer sale after AA app submitted but before approval

Discussion in 'Selling of Home' started by dolega, Nov 5, 2015.

  1. dolega

    dolega Newbie

    What is the situation if an A&A applicant, who has not yet been approved for A&A benefits, sells their trailer? The sale proceeds due to be received is relatively nominal and will not mean that applicant exceeds the 80k threshold.

    Would an adjusted A&A application need to be submitted, or would the sale proceeds be stated upon re-certification? (assuming approval, of course)

    Thank you for any thoughts/guidance
     
  2. vetadmin

    vetadmin Administrator Staff Member

    Depending on how long the application has been in processed, it may be best to wait until the VA rules on it. If you submit the information now, it will further delay the process. Once you have the decision and if awarded, then you would want to inform the VA of the amount of the proceeds, and let them make whatever adjustment is appropriate.
     
  3. dolega

    dolega Newbie

    Thank you :)
     
  4. vetadmin

    vetadmin Administrator Staff Member

    You're welcome!
     

Share This Page