. 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.
“It relieved the pressure off of me that I know I'm not gonna wake up one morning and see a sign outside and see a sheriff at the front door telling me to get the hell out,” said Vietnam-era Marine Corps veteran Edward O’Conner. Suddenly vets like O’Connor got calls demanding all the missed payments at once. He said he’s now more than $61,000 behind and sees VASP as his only way to keep his home. The new six-month moratorium is comforting, but O’Connor says neither his mortgage company nor his contact at the VA can explain to him when VASP will be up and running and whether he will qualify for the help.