VA Calling for a Pause on VA-Backed Loan Foreclosures
VA has released the official guidance to mortgage servicers calling for a pause on foreclosures on VA-backed loans. VA expects that any foreclosures filed since November 17, 2023 will be put on hold, along with any other in-process or upcoming foreclosures on VA-backed loans. The foreclosure process will be paused for these Veterans through May 31, 2024, giving additional time to these veterans to find solutions to stay in their homes.
Veterans who are struggling with VA-backed mortgage payments can visit the VA Housing Assistance website https://www.va.gov/housing-assistance/ or call VA at 877-827-3702 for assistance.