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Department of Veterans Affairs Increases Allowable Fees for Foreclosures

The VA has increased allowable fees

The VA has increased allowable fees

The Department of Veterans Affairs (VA) has announced an increase in the allowable maximum attorney fees for legal work related to nonjudical and judicial foreclosures in several states.

In a notice posted on November 12, 2013, the VA wrote; “the new VA table closely mirrors amounts and methods for foreclosure allowed by Fannie Mae. Unlike Fannie Mae, VA has determined that in Hawaii the preferred method of foreclosure should not yet be changed to include a second method.”

The VA made special note of Oregon: “VA continues to prefer the non-judicial method in Oregon and sees no need to allow the judicial method on a regular basis.”

Read Fannie Mae’s Announcement from December 2012

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