Transcription of COUNSELING CHECKLIST FOR MILITARY …
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COUNSELING CHECKLIST FOR MILITARY …
COUNSELING CHECKLIST FOR MILITARY HOMEBUYERS1. Failure on the part of a borrower on active duty to disclose that he/she expects to leave the area within 12monthsduetotransferordersorcompletiono fhis/herenlistmentperiodmayconstitute"ba dfaith."Ifyourloanisforeclosedundercircu mstanceswhichincludesuchbadfaith,youmayb erequiredtorepayVAforanylosssufferedbyth eGovernmentundertheguaranty.(InANYcasein whichVAsuffersalossundertheguaranty,thel ossmustberepaidbefore your loan benefits can be restored to use in obtaining another VA loan.) ,thereisnoassurancethatthepropertyforwhi chyouare seeking financing will increase in value or even retain its present ,recoveringyourinvestmentormakinganyprof it,particularly if there is an active new home market in the will not relieve you of your obligation to make your mortgage payments on the first of each "Lettingthehousegoback" "badfaith".
COUNSELING CHECKLIST FOR MILITARY HOMEBUYERS 1. Failure on the part of a borrower on active duty to disclose that he/she expects to leave the area within
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