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  • Va Circular 26 03 11

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Veterans Benefits Administration Department of Veterans Affairs Washington DC 20420 Circular 26-03-11 December 22 2003 NEW PROCEDURES FOR IMPROVING COMMUNICATION WITH FEE APPRAISERS AND STREAMLINING RECONSIDERATIONS OF VALUE 1. Purpose. The purpose of this circular is to encourage VA program participants to provide relevant market data to VA fee and staff appraisers during the appraisal process.

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This guide provides a clear and supportive approach to filling out the Va Circular 26 03 11, ensuring users can navigate the online process effectively. Follow the detailed steps to complete the form correctly and efficiently.

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  1. Press the ‘Get Form’ button to access the form and open it in an online editor.
  2. Review the purpose section of the form to understand what information you need to provide during the appraisal process.
  3. Locate the field for Point of Contact (POC) information in the Comments section. Enter the name, contact number, and email address of the person you wish the appraiser to contact if the appraised value is below the sales price.
  4. Complete any required fields as outlined in the circular, ensuring clarity and correctness of the information provided.
  5. Attach any additional documentation that supports the appraisal request, ensuring it aligns with the appraisal guidelines discussed in the circular.
  6. Once all necessary information is input, review the completed form for accuracy.
  7. Save your changes and choose to download, print, or share the form as needed.

Complete your documents online today for a smooth appraisal process.

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Veteran borrowers that qualify must have been on a COVID forbearance, occupy the property as a main residence and been within 120 days current on March 1, 2020. The Refund Modification will only be available from July 27, 2021 through July 1, 2023.

If the appraisal comes back low, the lender will not lend more than the appraised amount. With that, the buyer will have the opportunity to make up the difference. The buyer can negotiate with the seller for a lower price or pay the difference out of pocket.

VA Affordable Modification (VAAM) – Allows your servicer to help you avoid foreclosure when other traditional home retention options are not feasible. Your servicer may reduce the interest rate and extend the terms to achieve the target monthly PITIA payment.

Eligible Veterans, service members, and survivors with full entitlement no longer have limits on loans over $144,000.

The VA Partial Claim Payment (VAPCP) is a temporary program that is intended to assist Veteran borrowers specifically impacted by the COVID-19 pandemic to resume making their regular (pre-COVID) mortgage payments after exiting forbearance. VAPCP will only be available from July 27, 2021 through October 28, 2022.

This Circular provides VA's waterfall of home retention options for helping borrowers affected financially by the COVID-19 pandemic. This Circular also announces the COVID-19 Refund Modification, a type of loan modification specific to those borrowers needing payment reductions when exiting COVID-19 forbearance.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232