Foreclosure Moratorium and VA Home Loan Assistance
The Department of Veterans Affairs (VA) has announced a six-month halt on foreclosures for veterans and service members with VA loans. This decision follows an NPR investigation that found thousands of veterans were at risk of losing their homes due to changes in the COVID forbearance program. Initially, the forbearance allowed veterans to skip mortgage payments during the pandemic, but the VA ended a key part of the program in October 2022, leaving many unable to catch up on payments [oai_citation:1,VA halts foreclosures for veterans about to needlessly lose their homes - OPB More info CLICK HERE
For more details, you can read the full NPR article CLICK HERE
Veterans facing financial hardship and at risk of foreclosure can find substantial support through the Department of Veterans Affairs (VA). The VA offers various relief options including repayment plans, special forbearance, loan modifications, and the Veterans Affairs Servicing Purchase (VASP) program. Additionally, the VA provides access to counseling services and protections against scams. Veterans are encouraged to contact a VA loan technician for personalized assistance and explore resources like HUD counselors and the Homeowner Assistance Fund (HAF).
For more detailed information, visit the [VA’s Foreclosure Assistance page To visit the Va’s info page CLICK HERE