Part 1
Part 2

On today’s show we talk Short Sales and Loan Modifications…. Here’s what’s in store for you.

• We dig deeper behind the myths and controversy surrounding Short Sales
• Take a closer look at why 85% of most Realtors don’t have a clue how to do them properly.
• Discover the best ways to find a true short sale professional.
• Examine the alternatives to a short sale
• How to do a loan modification

No related posts.

According to the National Coalition for Homeless Veterans (NCHV), about 23% of America’s homeless population are veterans. That is somewhere between 529,000 and 840,000 veterans who are homeless at some time each year. Because of this, the Department of Veterans Affairs and other non-profit organizations have devised a number of initiatives to help our homeless veterans. Here are some of the initiatives provided by VA for our veterans. (Source: US Department of Veteran Affairs)

VBA’s Acquired Property Sales for Homeless Providers

This program makes all the properties VA obtains through foreclosures on VA-insured mortgages available for sale to homeless provider organizations at a discount of 20 to 50 percent, depending on time of the market.

VA Excess Property for Homeless Veterans Initiative

This initiative provides for the distribution of federal excess personal property, such as hats, parkas, footwear, socks, sleeping bags, and other items to homeless Veterans and homeless veteran programs. A Compensated Work Therapy Program employing formerly homeless Veterans has been established at the Medical Center in Lyons, NJ to receive, warehouse, and ship these goods to VA homeless programs across the country.

HUD-VASH

This joint Supported Housing Program with the US Department of Housing and Urban Development (HUD) provides permanent housing and ongoing case management treatment services for homeless Veterans who would not be able to live independently without the support of case management. HUD’s Section 8 Voucher Program has designated over 10,0

00 vouchers to Public Housing Authorities (PHAs) throughout the country for Veterans who are homeless. This program allows Veterans to live in Veteran selected apartment units with a “Housing Choice” voucher. These vouchers are portable so that Veterans can live in communities served by their VA medical facility where case management services can be provided.

Supported Housing

This program provides ongoing case management services to homeless Veterans. Emphasis is placed on helping Veterans find permanent housing and providing clinical support needed to keep veterans in permanent housing. The staff in these programs operate without benefit of the specially dedicated Section 8 housing vouchers available in the HUD-VASH program but are often successful in locating transitional or permanent housing through local means, especially by collaborating with Veterans Service Organizations.

No related posts.

In Washington, Vice President Joe Biden announced the Defense Department’s plan to temporarily expand its Homeowner’s Assistance Program (HAP) especially for its service members who were forced to sell their homes at a loss as a result of the country’s housing crisis.

Vice President Biden recognizes “the sacrifices military families make for our country – in terms of deployments, but also moving several times in their career.” “They often don’t get to choose when they move and may be forced to sell their homes when they don’t want to. The Department of Defense (DoD), with funds from the Recovery Act, is expanding its program to help its military families who have been forced to sell their homes at a loss,” Biden adds.  With $555 million devoted to the expanded Housing Assistance Program, this project aims to help service members who were forced to relocate due to base closures or usual assignment rotations.

Although wounded servicemen relocating for treatment or medical retirement, Military and Defense Department civilian employees affected by BRAC, and those who will have to relocate due to change of station are given priority, all active and former members of the Army, Navy, Marine Corps, Air Force and Coast Guard, as well as DoD civilians who have sold a home since 2006 may also check their eligibility.

The Home Assistance Program provides assistance in four ways:

1. By reimbursing for a part of eligible applicants’ loss from selling their home
2. By assisting, if the member doesn’t have funds from the sale of his home to pay-off mortgage
3. By purchasing eligible service men’s home by paying off the mortgage
4. By helping if mortgage is on default.

To check if you are eligible to apply for the Expanded Pentagon Housing Assistance Program, visit the Homeowners Assistance Program Website to learn specific program criteria and eligibility.

Not eligible?  No problem. The VA Loan Store is open to veterans who are keen on getting a home loan!  The VA Loan Store was founded by veterans for veterans like you.  So whether you need help in fixing your damaged credit, VA financing, applying for residential mortgage, we will try our best to assist you because here at the VA Loan Store, your satisfaction is our number one priority.  We follow an easy five step solution to help you buy your VA home and we can guarantee to help you in every step of the way.

No related posts.