va foreclosure loans
We have our House through a VA loan. We are considering foreclosure, what are our options?
The company that my husband works for is going bankrupt. He should be out of the job in a matter of a few months. My husband has applied for many jobs in our area with no luck. We have two children we need to think about so my husband and I decided it would be best if he rejoined the Marine Corps (he was previously in the marines 2001 through 2005) This would solve all of our problems except that the base we will be moving to is across the country. We put our house up for rent but we can find anyone to rent the house for what our monthly payment is. We are considering letting our house go back to the bank. Our loan is a VA loan, is there anyway that the VA can help? Do we have any other options? What are the consequences in letting our house go into foreclosure?
Yes you do have other options! Call The VA with your closing documents handy! They will bend over backwards to help you avoid foreclosure in various ways because they have a stake in your success to avoid foreclosure. Good Luck and congrats on keeping your wits during this stressful time.
