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Foreclosure Assistance for Veterans / Military Members

show starting post by Elaine of TSA
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Elaine of TSA
 in response to coconut22...   Thanks for the correction / update.
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coconut22
My military base legal dept told us that SCRA is supposed to allow 9 months that a service member had following a deployment to not be foreclosed upon, that is 9 months following active duty deployment. That is incorrect that it only gives protection while you are on active duty, in plainly says, "or within 9 months after leaving active duty"
The new bill through Obama is now being called "Helping Heroes Keep Their Homes Act.
However it seems that most banks are not following it, that is why Chase just recently got sued over it.
It is section 533 of SCRA.
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Elaine of TSA

 in response to Pumpkin11...   

The Servicemembers Civil Relief Act (SCRA) was established to protect military personel serving on active duty from certain debt, ie: providing lower fixed interest on credit card debt, the option of being released from lease agreements and not being foreclosed upon while they were active duty and not available to defend their interests here at home. It does not offer any protection once someone is discharged.

See: http://usmilitary.about.com/od/sscra/Servicemembers_Civil_Relief_Act.htm

The following 2 links are Military support legal assistance web links.

https://www.jagcnet.army.mil/legal

Click here to see matters they cover

 

Has your spouse used his GI Bill for education benefit which would also provide him BAH (housing allowance)?

See:  http://www.military.com/new-gi-bill/?ESRC=gibill_alert.se 

 

And check:

This link for help to Reservists

 

The following link may be able to provide help w/renegotiating a more affordable rate w/your mtge:

https://www.naca.com/index_main.jsp 

 

Good luck

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Pumpkin11
My husband just returned from Afghanistan. he was a reservist pulled for active duty and his job laid him off while he was deployed. Now he came back from overseas and unemployment is not enough for payment and our lender Calvet says their is not any protection for us to get on back on our feet and they want to foreclose.
I thought the SCRA would help us not to lose our home right away but it sounds like it doesn't really help people. Not sure what if anything I can do now. Anybody know about this?
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shell0406
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Elaine of TSA
 in response to travzmomma...   

The VA claims that they are no longer representing clients as advocates w/their mortgage companies but have instead provided the mortgage companies a financial incentive to work it out with the home owner.  I would suggest you ask the VA what to refer to their incentive program as to determine if the Wells Fargo contact person is aware of it. 

Also try

https://www.naca.com/index_main.jsp

 

 

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travzmomma

have tried almost every thing too and can't get help! Not from Wells Fargo, not the VA no organizations either don't "qualify" or they are out of money. My husband is a Veteran, and we have a 2yr old son, Wells Fargo has already set the sale date to July 16th unless we come up with 5,000 even then I am sure they will hike up that amount. money guzzeling pukes. Claim they want to help but only care about the money they can make! This is sickening!

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SethCottam
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Army Viet Vet

I apologize for the errors, misspellings . and typos in my post. I don't handle stress and frustration well.

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Army Viet Vet

I have run into the same stone wall. I am a disabled Viet vet declared unemployable by the VA. We have made some bad financial decisions and have also been taken advantage of. I trying to get a loan modification fron Wells Farge, I have been tolf they can do nothing because I am current on my payments. When I tolfd them that the well had run dry and we cannot continue to make these mortgage payments at 9.5 % interet, they said there was nothing they could do unless we were in default. The VA and Hud offered no assistance in getting a loan modification.

I accept my responsibility for my bad decision, but these people need to stop climing they are offering assistance. They claim to not want foreclosed properties bu refuse to do anythin to stop the customer slide into the abyss.

This is nothing but short sighted greed finaced by bailout money these unethical basrards took from the Federal government. These execs are short-sighted leeches bleeding the country dry. 

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NavyVet

I called this number and followed the prompts.. then the woman told me that VA does not have the authority to help in any way, even if you have a VA guaranteed home loan. She said they stopped doing that a year ago, February, which is funny to me because this announcement (which is also posted on the va home loans site) is dated in June, 2008.

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