(ii) Whenever Virtual assistant pays a declare to the a great Virtual assistant-guaranteed mortgage right down to a property foreclosure, the original seasoned may be needed to repay one loss to help you the federal government. In loans in Fruithurst certain cases Va may waive the fresh veteran’s personal debt, to some extent or completely, in accordance with the facts and you will facts of your own circumstances. Although not, warranty entitlement can’t be recovered unless of course brand new Government’s losses might have been repaid completely, it doesn’t matter if or otherwise not the debt has been waived, compromised, or discharged within the case of bankruptcy.
