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Pamphlet 26-7 Chapters 13

13.11  Discovery of Title Limitations & Conditions, Continued

 

VA Processing of Limitations/
Conditions Affecting Value

For limitations/conditions submitted to VA which were not considered in the appraisal report or covered by 38 CFR 36.4350, the VA office of jurisdiction will

 

·   contact the fee appraiser (via VA Form Letter 26-209) if additional information is needed to determine the effect of the limitation/condition on the value estimate

·   consider the impact of the condition/limitation on the reasonable value of the property, and

·   notify the lender or other interested party of its determination via either VA Form Letter 26-210 or an endorsement (containing the language found on FL 26-210) to the request for VA consideration of the condition/limitation.

 

[38 CFR 36.4350]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January 1, 2001                                                                                                                                     13-33

 


VA Pamphlet 26-7, Revised                                                               Chapter 13:  Value Notices