B-141585, FEB. 16, 1960
Highlights
ROSS: WE ARE IN RECEIPT OF YOUR LETTER OF JANUARY 29. THE AGENCY ADMINISTERING THE PROGRAM UNDER WHICH YOUR MORTGAGE LOAN WAS GUARANTEED. THE MATTERS RESUBMITTED WERE PREVIOUSLY DEALT WITH. IT IS THE POSITION OF THE VETERANS ADMINISTRATION THAT YOU DID NOT AT ANY TIME MAKE A BONA FIDE OFFER TO REINSTATE THE LOAN. INCLUDING THE INFORMATION YOU HAVE FURNISHED. YOU ARE ADVISED THAT UNLESS PAYMENT OF THE INDEBTEDNESS. IS RECEIVED BY OUR OFFICE WITHIN THE NEXT 15 DAYS.
B-141585, FEB. 16, 1960
TO MR. C. M. ROSS:
WE ARE IN RECEIPT OF YOUR LETTER OF JANUARY 29, 1960, IN EFFECT DENYING ANY OBLIGATION TO REIMBURSE THE GOVERNMENT FOR THE LOSS IT SUSTAINED AS THE GUARANTOR OF A MORTGAGE LOAN MADE TO YOU BY THE PRUDENTIAL LIFE INSURANCE COMPANY OF AMERICA.
IN YOUR LETTER YOU REITERATE THE CONTENT OF PRIOR CORRESPONDENCE TO OUR OFFICE AND TO THE VETERANS ADMINISTRATION, THE AGENCY ADMINISTERING THE PROGRAM UNDER WHICH YOUR MORTGAGE LOAN WAS GUARANTEED. THE MATTERS RESUBMITTED WERE PREVIOUSLY DEALT WITH, AND FULLY SO, IN A LETTER TO YOU DATED FEBRUARY 13, 1959, FROM THE VETERANS ADMINISTRATION. CONTRARY TO THE POSITION TAKEN BY YOU, IT IS THE POSITION OF THE VETERANS ADMINISTRATION THAT YOU DID NOT AT ANY TIME MAKE A BONA FIDE OFFER TO REINSTATE THE LOAN, AND THAT YOU DID NOT AT ANY TIME TAKE ANY ACTION WHICH COULD BE REASONABLY INTERPRETED AS A SERIOUS ATTEMPT TO AVERT THE FORECLOSURE.
THE RECORD HEREIN, INCLUDING THE INFORMATION YOU HAVE FURNISHED, DOES NOT DISCLOSE A BASIS FOR CONSIDERING THE ABOVE ADMINISTRATIVE POSITION TO BE UNWARRANTED, AND, MOREOVER, DOES NOT DISCLOSE A BASIS FOR RELIEVING YOU OF YOUR OBLIGATION TO REIMBURSE THE GOVERNMENT FOR THE LOSS IT SUSTAINED ON YOUR BEHALF.
YOU ARE ADVISED THAT UNLESS PAYMENT OF THE INDEBTEDNESS, PLUS INTEREST, IS RECEIVED BY OUR OFFICE WITHIN THE NEXT 15 DAYS, WE SHALL FEEL COMPELLED TO REFER YOUR CASE TO THE DEPARTMENT OF JUSTICE FOR APPROPRIATE ACTION.