VA Lenders Handbook (VA Pamphlet 26-7), Chapter 12, Topic 2 — Marketable Real Estate Entity
VA Lenders Handbook (VA Pamphlet 26-7), Chapter 12, Topic 2 — Marketable Real Estate Entity.
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Verbatim provisions from VA Lenders Handbook (VA Pamphlet 26-7), Chapter 12, Topic 2 — Marketable Real Estate Entity — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
VA Pamphlet 26-7, Chapter 12 (Minimum Property Requirement), Topic 2 — Marketable Real Estate Entity
Topic 2. Marketable Real Estate Entity Change Date: October 18, 2019 This Chapter has been revised in its entirety. a. Single Real Estate Entity The property must be a single, readily marketable, real estate entity. b. Multiple Parcels More than one parcel or lot may be included as long as all of the property is contiguous and legally marketable. VA does not set a limit on the number of acres that the property may have. If the property being appraised includes more than one parcel, the appraisal must be prepared subject to placing all of the parcels on one deed. c. Road or Waterway Dividing the Property If a property is divided by a road or waterway, the appraiser must determine the effect on the utility of the property to ensure that the property is a readily marketable, real estate entity.
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Source of record: https://claudeforcompliance.com/regs/va-m26-7-ch12-t02/
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