September 29, 2000
					           	 In Reply Refer to:373/26
                						         	  LOCAL RELEASE 26-00-23


TO:	SERVICERS AND HOLDERS


SUBJ:	TITLE SUBMISSIONS (Supercedes Local Release 26-00-12, dated March 28, 2000)






This release will clerarly define what documentation is required for properties conveyed to the Department
of veterans Affairs (VA).  This procedure is effective immediately for the seven state jurisdictional area of
the Manchester Regional Loan Center.


What Documentation is required?



All documentation must include the VA loan number.


The Notice of Election to Convey (VA Form 26-8903) must be received within 15 days of the
foreclosure sale or law date.


Title Insurance Policies must be in the possession of the VA no later than 60 days from the foreclosure
sale or law date.


A condominium requires that a 6D/Resale Certificate accompany the Title Policy.


If you have any questions on acceptable Title, please call Attorney Derwood Haskell at (603)666-7573.



What foreclosure documentation is required by state?


     Connecticut	Special Warranty Deed, Certificate of Foreclosure, and Title Insurance Policy


     Massachusetts	Special Warranty Deed, Foreclosure Deed, and Title Insurance Policy


     Rhode Island	Special Warranty Deed, Foreclosure Deed, and Title Insurance Policy


     Maine		Special Warranty Deed, Judgement of Foreclosure, and Title Insurance Policy


     New Hampshire	Foreclosure Deed and Title Insurance Policy


     Vermont		Judgement of Foreclosure, Special Warranty Deed, and Title Insurance Policy


     New York	Duplicate original or photocopy of executed and Acknowledged Deed to Secretary
		of Veterans Affairs


		Duplicate original or photocopy of executed and Acknowledged Referee's Deed, if
		applicable


		Affidavit of regularity and confirmed copy of Judgment of Foreclosure and Sale.


		Owner's duplicate Certificate of Title (torrens title), if applicable


		If available, the Abstract of Title & Copy of Survey


What is required for a Deed-In-Lieu?

Original executed and recorded Deed to the Secretary of Veterans Affairs


Estoppel affidavit


Loan instruments


An executed, unrecorded satisfaction of mortgage which will be recorded after acceptance of Title by
VA


An order discontinuing the prior foreclosure action and canceling the lis pendens


Foreclosure search that includes a bankruptcy and judgment search.  A continuation letter to the date of
recording of the deed-in-lieu


The Notice of Election to Convey (VA Form 26-8903) must be received within 15 days of the Deed
being recorded to VA



If you have any questions?


Please contact Bruce L. Keller, Loan Administration Officer at (603)666-7484.






A.A. Snyder
Loan Guaranty Officer






PLEASE FORWARD COPIES OF THIS RELEASE TO YOUR ATTORNEYS AND BRANCH OFFICES




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