Foreclosure and liquidation.

38 C.F.R. § 36.4513
in effectEffective: 2024-07-01
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In the event of a foreclosure sale or other liquidation of the security for a loan, the Department of Veterans Affairs shall credit upon the indebtedness the greater of: (a) The net proceeds of the sale, or (b) The current market value of the property as determined by the Department of Veterans Affairs, less the costs and expenses of liquidation.

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