Articles and news about VA loans and HUD requirements. VA loans are a great way to buy a home with no down payment.

Tag Archives: foreclosure

VA Loan Rules For Purchasing Foreclosed Properties: Required Repairs

VA Loan Rules For Purchasing Foreclosed Properties: Required Repairs

Recently we reported that the VA had issued a circular re-affirming its policies on appraisals as they are done on foreclosed properties. The VA home loan program does permit qualified borrowers to purchase foreclosures, but these homes are subject to...

Is My VA Home Loan Eligible for the Bank of America Principal Reduction Program?

Is My VA Home Loan Eligible for the Bank of America Principal Reduction Program?

The HUDddle, an official blog found at the Department of Housing and Urban Development, recently linked to a news story at a website called Commercial Appeal regarding Bank Of America’s loan reduction program. According to the blog post, “More than...

VA Loans: Why It’s Important to Avoid Foreclosure Proceedings

VA Loans: Why It’s Important to Avoid Foreclosure Proceedings

Nobody applies for a VA home loan thinking about default or foreclosure as a possibility. But circumstances can change; spouses lose jobs, military people can be affected by reduction-in-force cuts, and rising prices on food and gas can make it...

VA Compromise Claims

VA Compromise Claims

In recent posts, we've discussed a few ways to avoid foreclosure on a VA home loan. One of the ways mentioned is to simply sell the home to a qualified buyer. VA borrowers can sell their home to veterans and...

What is VA Loan Reamortization?

What is VA Loan Reamortization?

There are many ways home owners can find help with foreclosure avoidance. Borrowers who get into financial trouble should know there more options than simply allowing the home to go into foreclosure; a little bit of information is sometimes all...

VA Home Loan Foreclosures and Second Chances

VA Home Loan Foreclosures and Second Chances

What happens to a veteran's chances at getting into a VA mortgage if the applicant has had past trouble with home loan default or foreclosure? It's easy to assume that having a home foreclosure on one's credit record would be...

VA Loans and Foreclosure Avoidance

VA Loans and Foreclosure Avoidance

Nobody applies for a VA home loan expecting to get into financial trouble. The last thing on a VA loan applicant's mind when they apply for the VA mortgage on a first home is the loss of a job, bankruptcy...