Servicemembers, Vets With At-Risk Mortgages Urged To Contact VA Loan Counselors

A report on Military Update, and appearing in Stars and Stripes, reports:

• The Department of Veterans Affairs [...] is encouraging military members, veterans and surviving widows with at-risk loans to seek advice from VA loan counselors even if their loans are not VA-guaranteed. VA loan experts lack authority to restructure or renegotiate loans not backed by VA. But they can advise veterans on their options and on how they might negotiate with mortgage holders to avoid default.

• VA’s effort to reach mortgage holders in distress now includes a help line — (877) 827-3702 — that automatically directs callers the nearest of nine VA regional loan centers.

For more, see VA, Congress assist veterans in mortgage mess. Servicemembers Civil Relief Act