VA Loan Relief After Hurricane Sandy

[longknife]

by VAhomeloanmaven @ VA Loan Relief After Hurricane Sandy | Veteran Journal | veteranjournal.com

VA borrowers hit hard by Hurricane Sandy may get relief from financial stresses. Military members and other victims of the storm in the Eastern United States may be wondering what could happen to their mortgages if they are temporarily unable to pay them.

Borrowers may be asking:

What if I default for storm-related reasons?
Do I have to pay late fees if I can’t make my payments on time due to the storm?
Can I prevent foreclosure if the storm puts me in serious financial straits?

VA loans may be protected, especially if a borrower’s financial situation worsens in the wake of a hurricane or other declared disaster.

Read more @ the above link – it might be good for ANY disaster!

 

[Politico]

I wonder how much money were going to give away before this is all over.