Foreclosures Halted for VA Loan Holders Until June 2024

In an effort to keep more veterans and servicemembers in their homes, the VA has paused foreclosures for the next six months

The move was made following an investigation and a series of new stories alleging that tens of thousands of VA loan holders were at risk of foreclosure.

It all stems from the end of COVID-19 related forbearance, which expired in October and left homeowners with large bills for missed payments.

While there is a plan in place to help these borrowers transition back to making normal payments, it will apparently take 4-5 months to implement.

As a result, the VA has called on loans servicers to enact a foreclosure moratorium until the changes can be made.

There are an estimated 147,000 veteran homeowners behind on their mortgage payments at this time.