Inquiry Routing & Information System (IRIS)
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sale that was postponed
Published 08/10/2012 09:55 AM | Updated 06/27/2017 08:08 AMIf we had a sale that was postponed due to the VA issuing a No Bid prior to us going live with VALERI, when that sale is rescheduled, will we still need to complete a buydown. If not, is the cutoff date still adjusted?
There are no buy-downs in the new environment of VALERI. If you did not complete a buy-down prior to your go live date, you must submit the new sale date and any loss will be considered a write-off. There is no cutoff date in the new environment for bidding instructions as you either bid total debt or net value.