The VA Houston Regional Loan Center recently issued a new information bulletin regarding property preservation services and cost allowables. There are no substantive changes to the guidelines under this new bulletin, which rescinds Loan Guarantee Letter 2004-03. Please follow the link below to read the new bulletin in its entirety.

Houston Regional Loan Office Bulletin 2005-03  (http://www.vba.va.gov/ro/houston/lgy/bulletins/Bul05-03.pdf)

The VA Phoenix Regional Loan Center has also issued a new information bulletin regarding property preservation services and cost allowables. There are several substantive changes to the guidelines under this new bulletin, which rescinds Loan Guarantee Information Bulletin 26-04-04.  Please follow the link below to read the new bulletin in its entirety.

Loan Guaranty Information Bulletin 26-05-03 (http://www.vba.va.gov/ro/phoenixlgy/LGIB26-05-03.htm)

To view additional All Client Alerts, please click on http://www.safeguardproperties.com/news.