The VA Tells Banks Not To Foreclose On Veterans’ Homes This Year

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The Department of Veterans Affairs has extended a moratorium on foreclosures for vets with GI Bill home loans.

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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.

Many other veterans are worried. “A six-month window, like that's great, but six months is not a lot of time,” said Iraq vet Josiah Mena. In her first public statements since controversy erupted over millions of unaccounted for tax dollars, Rhiannon Do says she’s no longer with the O.C. nonprofit Viet America Society. She also says she never had a leadership role. Public documents show otherwise.Empty nesters own more L.A. homes than millennials with kids. Here’s how some older homeowners are finding ways to spread their wealth.

 

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