The VA has determined that the appellant is responsible for a loan guaranty indebtedness of $16,450 due to his default on a mortgage. The decision was made after VA paid the lender and calculated the total loss incurred.
The deciding factor: VA's right to collect the debt stems from its indemnity as the guarantor of the loan, and the amount is based on the total loss sustained by the government following the foreclosure sale.
- Claimed conditions
- Not specified in this decision
- How they argued it
- Not specified
- Exposure basis
- None
- Rating
- Not verified here — check the original decision
- Decision date
- February 17, 2000
- Citation
- 0004278
This is a plain-language summary generated by AI from a public Board of Veterans’ Appeals decision. It can contain errors — always verify against the original. Search VA.gov for the original decision (opens in a new tab) using citation 0004278.
What this means for you
A grant means the Board allowed the benefit or issue identified in this decision. Review the original order: other issues in the same appeal may have a different outcome, and this decision does not predict another claim.
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