United States Department of Veterans Affairs
United States Department of Veterans Affairs

Saint Paul Regional Office
Regional Loan Center

TITLE REQUIREMENTS FOR TERMINATED PROPERTIES
WISCONSIN


Title 38 CFR 36.4319 requires the holder of a VA guaranteed mortgage to send a copy of every procedural paper filed by or served upon the holder in any legal and/or foreclosure action to VA. These procedural papers are:

TITLE DOCUMENTS - JUDICIAL FORECLOSURE

  1. Copy of the title evidence obtained at loan origination.
  2. Title commitment, letter reports, or abstract extension purchased to assist in foreclosure action.
  3. Copy of the recorded Sheriff's Deed or evidence that it has been recorded.
  4. Copy of the recorded Warranty Deed from the Holder to VA or evidence that it has been recorded.
  5. Copy of the Order Confirming Sale.
  6. Copy of Survey, if available.
  7. A statement that no bankruptcy has been filed that affects the conveyance of the property.
  8. Final title endorsement showing that the title is clear and VA is in title to the property.

TITLE DOCUMENTS - VOLUNTARY DEED:

  1. The premises must be vacated before conveyance to VA.
  2. Copy of the title evidence obtained at loan origination.
  3. Title commitment, letter reports, or abstract extension purchased before recording the deed.
  4. The quit claim deed may be prepared in one of two ways:
    1. from the veteran directly to VA, or
    2. from the veteran to the holder and a second deed from the holder to VA. It is recommended that you simply prepare a deed from the veteran to VA. Either way, you must provide us with a copy of the RECORDED deed(s) or evidence of recordation. IT IS YOUR OBLIGATION TO RECORD THE DEED(S).
  5. The recorded Mortgage Satisfaction or evidence of its recording.
  6. Copy of the survey, if available.

NOTE: ALL LEGAL DOCUMENTS CONVEYING INTEREST TO THE DEPARTMENT OF VETERANS AFFAIRS SHOULD BE EXECUTED AS FOLLOWS:

"The Secretary of Veterans Affairs, an Officer of the United States"

The Confirmation of Sale date or the date the deed is executed are the dates from which all timeliness requirements for conveyance and submission of the title package are calculated for properties located in Wisconsin.

MAILING ADDRESS: Send all legal documents for Wisconsin properties within 60 days of date of the Order Confirming the Sale to the following address:

COUNTRYWIDE HOME LOANS
ATTN: VA REO
MS RGV-B-85
2375 N GLENVILLE DRIVE
RICHARDSON, TX 75082

For additional information on conveyance please refer to Circular 26-08-10.