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Report both the foreclosure sale dates in confirmation or redemption states

Published 08/10/2012 03:34 PM   |    Updated 08/13/2012 09:03 AM
In confirmation or redemption states, do you report both the foreclosure sale date when it occurs and then the expiration of the confirmation or redemption period when that occurs?

With the Results of Sale event, you will report the foreclosure sale date. You would not report the confirmation or ratification at that time. Instead, when you complete the transfer of custody event, you will provide the date of confirmation or ratification. Should you not transfer custody of the property to VA, you would report the date of confirmation or ratification in the Confirmed Sale Date ( no transfer of custody) event. You will not report the expiration date of a redemption period on any event.