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HOME FORECLOSURES

HOME FORECLOSURES. RON RIDGEWAY & JOHN WIMBERLY TEXAS VETERANS COMMISSION. I. VETERANS HAVING PROBLEMS WITH MORTGAGE PAYMENTS. A. CONTACT LOAN SERVICER. II. OPTIONS TO AVOID FORCLOSURE. REPAYMENT PLAN SPECIAL FORBEARANCE LOAN MODIFICATION ADDITIONAL TIME TO ARRANGE PRIVATE SALE

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HOME FORECLOSURES

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  1. HOME FORECLOSURES RON RIDGEWAY & JOHN WIMBERLY TEXAS VETERANS COMMISSION

  2. I. VETERANS HAVING PROBLEMS WITH MORTGAGE PAYMENTS A. CONTACT LOAN SERVICER

  3. II. OPTIONS TO AVOID FORCLOSURE • REPAYMENT PLAN • SPECIAL FORBEARANCE • LOAN MODIFICATION • ADDITIONAL TIME TO ARRANGE PRIVATE SALE • SHORT SALE • DEED-IN-LIEU-OF FORECLOSURE

  4. III. VA REGIONAL LOAN CENTERS (8) • PROVIDE ASSISTANCE WITH LENDERS • PROVIDE OPTIONS • CONTACT NUMBER 1-877-827-3702

  5. IV. ASSISTANCE WITH NON-VA GUARANTEED HOME LOANS • VA MAY OFFER ADVICE 1. www.homeloans.va.gov 2. 1-877-827-3702 • VA REFINANCING OF SUBPRIME OF CONVENTIONAL MORTGAGE 1. UP TO 100% OF VALUE TO $729,750 (Depends of Location of Property) • HOPE NOW – ASSISTANCE FOR DILINGUENT OR BORROWERS. 1. Joint Alliance of Servicers, Counselors and Investors. a. 1-888-995-HOPE (4673).

  6. V. SERVICEMEMBERS CIVIL RELIEF ACT (SCRA) • PURPOSE OF (SCRA) IS TO PREVENT COLLECTION OF DEBTS FROM SERVICEMEMBERS WHOSE CALL TO ACTIVE DUTY MATERIALLY AFFECTED THE DEFAULT. 1. Does not extinguish Borrower’s Debt. 2. Suspends Creditor’s Collection Rights while on Active Duty and for three months after discharge.

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