The document discusses the requirements for the FHA Pre-Foreclosure Sale (PFS) program and VA Compromise Sale Program (VACSP). Key points include: 1) For FHA PFS, the home must be listed at the appraised value for at least 90 days with a real estate broker. If sold within 90 days, the seller receives a $1000 incentive. 2) Financial hardship must be demonstrated for both programs. For VA loans before 1989, the seller must sign a promissory note. 3) Net sale proceeds must meet minimum thresholds (88% of value for first 30 days for FHA). Closing costs must be reasonable and customary. 4)