- Special Sections
- Public Notices
From the Veterans Administration
Veterans who lose their homes to a short sale (i.e. a sale of real estate in which the sale proceeds fall short of the balance owed on the property's loan) or a deed-in-lieu of foreclosure can receive up to $1,500 in relocation assistance.
A deed-in-lieu of foreclosure is a deed instrument in which a mortgagor (i.e. the borrower) conveys all interest in a real property to the mortgagee (i.e. the lender) to satisfy a loan that is in default and avoid foreclosure proceedings.
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