The Board of Veterans' Appeals has granted the veteran's waiver of recovery of loan guaranty indebtedness, plus interest. The decision concludes that the veteran did not commit fraud or bad faith in filing for bankruptcy to delay foreclosure and retain possession of the property. However, the Board found that recovery would result in undue hardship due to the veteran's disability and receipt of VA pension.
The deciding factor: The veteran's failure to make timely payments on the property subject to the VA loan guaranty resulted in foreclosure and creation of the loan guaranty indebtedness. The sole fault lies with the veteran, not the VA. However, recovery would result in undue hardship due to the veteran's disability and receipt of VA pension.
- Claimed conditions
- Not specified in this decision
- How they argued it
- Not specified
- Exposure basis
- None
- Rating assigned
- None in this decision
- Decision date
- February 13, 2002
- Citation
- 0201477
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. Look up the original decision on VA.gov (opens in a new tab) using citation 0201477.
What this means for you
A grant means the Board agreed the veteran was entitled to the benefit. Decisions like this show the kind of evidence and arguments that tend to succeed for claims like it.
What you can do next
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