VA loans

VA Loan Reader Questions: Titles, Deeds and Property Taxes

January 22, 2013

VA Loan Reader Questions: Titles, Deeds and Property Taxes

A reader asks, “I refinanced my home with a VA loan (in) 2011. At that time I was informed that I needed to divide my home from another piece of property which had a home on it because my VA loan would not qualify with another house on it.”

“For almost two years I have paid taxes on two pieces of property. Now when I go to sell the other house, I discover through the title search that (the lender) has a deed of trust which includes the 2.55 acres under the old deed of trust and does not mention another .5 acres which I purchased in 2007.

The 2.55 acres was secured by a deed of trust in 1995 which was paid off by another mortgage. Why does (the lender) not correct the mistake? The language in the deed of trust is he same as my original warranty deed from my original cash purchase of my vacant (no house property) 2.55 acres which I bought in 1995. (The lender) has recognized and agreed with the error on their part but are not moving to correct it?”

This is a tricky issue, and borrowers who experience difficulty like this often aren’t sure where to turn to get the wheels of progress moving so issues like these can be cleared up.

One of the advantages of having a VA home loan is the ability to reach out to the Department of Veterans Affairs in situations like these for advice and assistance where appropriate. The first move any VA borrower should make in these cases is to call the VA at 1-800 827-1000. Explain the situation fully and ask for advice and assistance.

The VA even includes a help section on its official site that states the following:

“Home Loan/VA Mortgage Issues

If you need to contact our Loan Guaranty service about mortgage/home loan questions, mortgage payments, problems making payments, etc., please go to here and follow the links for the contact(s) that apply to your specific issue. Thank you.”

Borrowers who need legal advice may be directed to hire a lawyer–the VA does not provide legal advice or assistance in legal disputes, but if the Department of Veterans Affairs can and should intervene on behalf of a borrower, the process begins with a phone call or e-mail to the VA. Don’t assume you are alone in a dispute or difficulty connected to a VA home loan–the VA is there to help.

For region-specific assistance you may also wish to contact the VA Regional Loan Center nearest you. Find yours here.

Do you have questions about VA home loans? Ask us in the comments section.

 

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