OCR Text |
Show and purchaser have entered into in-to a "side arrangement" or "tie-in-sale' 'involving personal property to evade the GI statutory stat-utory requirements that the purchase price of the home not be in excess of the reasonable value esetablished by the VA appraisal, the VA is required to investigate the matter thoroughly. In cases where a "side-deal" or "tie-in-sale" appears to be involved details must be revealed re-vealed to the VA, which reserves re-serves the right to inspect and appraise the items involved before approving a loan. Veterans warned on side deals Veterans seeking home loans guaranteed by the Veterans Administration are advised by the VA to be cautious about getting involved in "side-deals" or "tie-in-sales" as a condition to purchasing a home. There have been cases in which veterans have been requested re-quested or even required to purchase items of furniture or other merchandise. These are paid for in cash and not from the proceeds of the loan guaranteed guar-anteed or insured by the VA. In some cases the items have been so overpriced as to constitute con-stitute additional consideration for the purchase of a home. Sometimes these offers are legitimate and benefits the veteran, vet-eran, and the VA has no objection ob-jection to such purchases as long as they are not paid for with the proceeds of the loan. In any case where the seller |