VA AUTHORIZES RELOCATION HELP FOR SHORT SALES AND DEEDS-IN-LIEU

The Department of Veteran Affairs (VA) has instructed mortgage servicers to advance $1,500 to borrowers completing short sales or deeds-in-lieu (DIL) of foreclosure on VA loans in order to assist with relocation costs. The federal agency says it has a longstanding policy of encouraging servicers to work with veteran borrowers to help them retain their homes or, when that is not feasible, to mitigate losses by pursuing alternatives to foreclosure.

http://www.dsnews.com/articles/va-paying-relocation-costs-for-short-sales-and-deeds-in-lieu-2011-01-17