How may a veteran obtain a release of liability from VA?
By having the buyer assume all of the veteran’s liabilities on the VA loan, and by having VA or the loan holder approve the buyer and the assumption agreement. (If the VA loan closed prior to March 1,1988, the application forms for a release of liability must be requested from the VA office that guaranteed the loan. If the VA loan closed on or after March 1,1988, then the application forms must be requested from the lender to whom the payments are made.
Related Questions
- Will VA help an eligible veteran or servicemember to pick out a lot, obtain the services of an architect, obtain bids for construction, and arrange necessary financing?
- Can a veteran obtain a VA home loan for the purchase of property in a foreign country?
- How may a veteran obtain a release of liability from VA?
