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.
According to the United States Small Business Association (SBA), nearly one in 10 U.S. businesses are run by veterans. They cover various business types, from professional and technical services to consulting, construction, consumer products, and more. This guide outlines the necessary steps to take to get a successful company off the ground. We’ll introduce you to the wide range of excellent resources that can help you turn an idea into a successful business.