DEPARTMENT OF VETERANS AFFAIRS Regional Office PO Box 100023 Decatur GA 30031-7023 www.vba.va.gov/ro/atlanta/rlc

February 20,2007

			In Reply Refer to: 316/263
			Loan Guaranty Bulletin 263-07-05

	To:	ALL LENDERS, HOLDERS AND SERVICING AGENTS
	Subj:	ALLOWABLE FEES INCIDENT TO LOAN TERMINATION OF GUARANTEED LOANS IN GEORGIA, TENNESSEE, NORTH CAROLINA AND SOUTH CAROLINA

1.  PURPOSE: It is not the Department of Veterans Affairs’ (VA) intent to regulate the amounts that servicers may pay for services performed. However, our regulations do limit the extent to which we can reimburse the holder for attorney fees incurred. The purpose of this release is to set forth our policy with respect to the amounts for such services that may be included in the claims under guaranty. These fees are effective with October 2005 foreclosure sales. GEORGIA Foreclosure Attorney Fee $600 Publication Fee Actual Cost Owner’s Title Policy Actual Cost Title Examination/Search Actual Cost Deed-in-Lieu of Foreclosure Attorney Fee $350 Appraisal Fee for Single Family Dwelling $400 Appraisal Fee for Multi-Family Dwelling $550 Appraisal Fee for Condominium $450 Document Recordation Fees $28 Expedited Recordation Fees for Approved Counties Actual Cost Statutory Certified Mail Actual Cost TENNESSEE Foreclosure Attorney Fee $550 Publication Fee Actual Cost Owner’s Title Policy/Title Commitment Actual Cost Title Examination/Search/Abstract Actual Cost Transfer Tax Actual Cost Deed-in-Lieu of Foreclosure Attorney Fee $350 Document Recordation Fees Actual Cost Appraisal Fee for Single Family Dwelling $375 Appraisal Fee for Multi-Family Dwelling $550 Appraisal Fee for Condominium $425 NORTH CAROLINA Foreclosure Attorney Fee $550 Publication Fee Actual Cost Title Examination/Search/Owner's Title Policy Actual Cost Deed-in-Lieu of Foreclosure Attorney Fee $350 Attorney Attendence at Final Hearing $250 County/Clerk of the Court Assessment .45/$100 of bid amount Revenue/Document Stamps .002% of bid amount Filing Fee $60 Recordation of Deed to VA $20 Recordation of Substitute Agreement $17 Recordation of Notice of Place of Registration       Substitute Trustee Agreement $12 Recordation of Notice of Foreclosure Fee $12 Sheriff/Service Fee $15 per person Appraisal Fee for Single Family Dwelling $400 Appraisal Fee for Multi-Family Dwelling $550 Appraisal Fee Condominium $450 Statutory Certified Mail Actual cost SOUTH CAROLINA Foreclosure Attorney Fee $850 Publication Fee Actual Cost Title Search/Abstract Actual Cost Deed-in-Lieu of Foreclosure Attorney $350 Filing Fee - Lis Pendens $10 Filing Complaint $70 Transcription of Testimony $1.25/page to a maximum of $25 Copy of Transcription of Testimony $.50/page Recordation of Deed to VA $10 Satisfaction Recordation of Mortgage $5 Guardian Ad Litem $150/person Masters Statement of Costs      Reference Hearing $125      Making and Filing Report $15      Commission 1% of bid amount (min $25, max $2,500)      Preparation/Execution of Deed $25      Public Sale $5      Master in Equity Reference Deposit $100 Special Referee Holds Sale      Uncontested Matter $150      Contested Matter $200      Selling Officer Collection $7 or first $500 of bid plus 1% of remaining balance Auctioneer Fee $25 Court Reporter's Fee $25 Summons $25 Service of Process Actual Cost Appraisal Fee for Single Family Dwelling $375 Appraisal Fee for Multi-Family Dwelling $550 Appraisal Fee for Condominium $425 MAXIMUM ATTORNEY FORECLOSURE FEES - Georgia, Tennessee, North Carolina, & South Carolina $850 per loan BANKRUPTCY EXPENSES - Georgia, Tennessee, North Carolina and South Carolina (Effective on bankruptcy cases completed on or after October 1, 2001) Filing Fee Actual Cost Chapter 7 Relief $450 Chapter 11 or 13 Relief $650 Multiple Filings $250 per release obtained 2.  RESCISSION: Loan Guaranty Bulletin Number 263-05-15 dated September 20, 2005, is hereby rescinded. Questions concerning this release can be directed to our office by calling 888-768-2132.

/s/ THOMAS H. BUFFTON, JR. Loan Guaranty Officer