OCR Text |
Show Answers given for veterans Question Has Congress amended the New GI Bill to authorize Flight Training? Answer No. Public Law 89-358 has not been amended to include Flight Training, Job Training or Farm Training. Question I am being transferred to another location and am selling my home on which I have a GI loan. The buyer is assuming my loan. Is it possible for me to be released from liability? Yes. If the loan is current and the purchaser obligates himself by contract to purchase the property and assume your liability. The purchaser must also satisfy the VA that he is a good credit risk. This release re-lease of liability does not mean your GI home loan entitlement is restored. Remember, it is most important that before closing the deal, you notify the VA to get their approval of the buyer and to get your release re-lease from liability. |