Foreclosure Avoidance Options for VA Homeowners

VA homeowners who struggle to keep up with their mortgage payments should contact their lender or loan servicer immediately. The sooner you make that phone call, the faster you can hopefully work toward some manner of resolution. Proactively reach out to your loan servicer before you get behind on your mortgage payments.

With a whiteboard and marker, VA loans expert Chris Birk explains some options to consider to help avoid foreclosure.

Time Stamps
0:26 - Assistance from Loan Servicer
0:57 - Four Month Window
1:15 - Active Duty Military
1:23 - Loss Mitigation Application
1:52 - Repayment Plan
2:06 - Forbearance
2:16 - Loan Modifications
2:33 - Short Sale
2:44 - Deed-in-Lieu
2:54 - Negative Impact on Credit
3:16 - Timeline & Rights
4:24 - Alternatives to Foreclosure
5:13 - VA Loan Guaranty Program
5:54 - Avoid Mortgage Scammers

Watch the entire VA Loan Guide to Homebuying here:    • Everything About VA Loans: A Guide to Home...  

Learn more about biweekly mortgage payments:
https://www.veteransunited.com/education

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