Veterans may qualify for release from GI loan liability
A 1957 VA guidance column explains steps for veterans who sold homes financed with GI loans to avoid future liability. The buyer must assume the loan or repay in cash, obtain a release of liability from VA and the lender, and show good credit. The VA regional office processes the release, with costs for credit reports and recording assigned to the buyer or veteran.
MENTIONED IN THIS ARTICLE
Waranty
Noonger
Vetrans Administration
VA entitlement restoration after release from liability
The text explains that a veteran released from liability in a property sale does not restore GI loan eligibility. Restoration occurs only if VA is no longer liable to the lender and the veteran meets other eligibility criteria. VA remains liable on the guaranty even after release.
MENTIONED IN THIS ARTICLE
FHA
Guthrie Layne Rites Held In Jacksonville
Guthrie Fitzhugh Layne elder son of the late Prof and Mrs J B Layne of Comanche died of a heart attack in Jacksonville Texas January 4 1957. Survivors include his widow Urania Thomas Layne five of six children and thirteen grandchildren. He was born March 27 1893 in Meridian and was valedictorian of Comanche High School class of 1914. He served overseas in World War I and later worked with Scott and White Hospital at Temple.
MENTIONED IN THIS ARTICLE
Guthrie Fitzhugh Layne
J. B. Layne
Comanche
Jacksonville
Texas
Urania Thomas Layne
Charles Golan
Chicago
Thomas Parker Layne
Waco
James B. Layne
George Yoakum Jr
Rockdale
Clendon Goleman
Longview
Comanche High School
Layne
Scott and White Hospital
Temple
Heritage Club Hosts Comanche Study Club Guests
Members of the Comanche Study Club visited the Heritage Club at Mrs. Pat Cagle’s home with Mrs. Roy Mims as co host. Heritage Club President Oscar Hill presided at tea, and guest speaker from the Texas Education Association spoke on Progress In Education in the Near East.
MENTIONED IN THIS ARTICLE
Comanche Study Club
Heritage Club
Pat Cagle
Roy Mims
Oscar Hill
Ton
Texas Education Association
Austin
Near East
Walker
National Education Association
Texas State Teachers Association
Texas Classroom Teachers Association
Marguerite Ross
Layne, Former Railway Worker, Dies in Texas Community
After wartime service Mr. Layne worked for American Railway Express in Fort Worth until retirement due to ill health. He moved to a small farm near Milano and resided in Jacksonville for twelve years. A First Methodist Church member and American Legion supporter, he had funeral services at Gerrand Sprague Funeral Home and was buried at Garrett Cemetery near Jacksonville.
MENTIONED IN THIS ARTICLE
Layne
American Railway Express
Fort Worth
Milano
Texas
Jacksonville
First Methodist Church
American Legion Post
Gerrand- Sprague
Perry
First Methodist Church of
Garrett Cemetery
Alabama Colonel Family Home Visit
Here from Alabama Colonel and Mrs Howell Mc Corkle and children of Maxwell Field Alabama were home here and Mrs B Ray McCork.
MENTIONED IN THIS ARTICLE
Mrs. Howell
Corkle
Maxwell
Also Mentioned on This Page
the National V. F. W. Week Magazine
Veterans Administration
O—Avertran
Il VA
Sinclair
Siinclair
W.C. House
Agent Comanche
House Service
C. J. Hamrick
Vollie C. Brawley
S. W. Belsher
V. Evans
J. R. Wilkerson Downing
J. C. Proctor
Hasse
Carl Jeske & Con
Priddy
E. A. Collins
DE Leon
Paul Patton
T. W. Wright Sidney
Buick
Smith Motors
Comanche, Texas
Guthrie Layne
Study Club
Alabama
Graham
Spalding Farm
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