The VA tells banks not to foreclose on veterans’ homes this year

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. The move gives mortgage companies more time to get a new program up and running to rescue veterans who were facing foreclosure through no fault of their own.

“But at the same time, I hope that it gives the VA enough time for them to get their head and ass wired together,” O’Conner said in exasperation. “You gotta understand it gets me frustrated.”After O’Connor’s wife lost her job during the pandemic, the VA told him he could pause mortgage payments on his VA-backed home-loan through what’s called a forbearance. Many vets were told they could simply add the missed payments to the back of their loan after their financial hardship was over.

Josiah Mena is seen with his family. He said the only way he’ll be able to keep his family of five in their Long Island home is VASP, which he said representatives for his mortgage company tell him they still don’t have up and running yet.

 

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