Veterans Lose Homes: VA's Foreclosure Crisis
Anchorage News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Thousands of veterans face homelessness due to abrupt changes in VA home loan program, with another 90,000 at risk. The Biden administrations sudden end to pandemic forbearance and VASP rescue plan has left vets like Leann Ledford and her injured Marine husband struggling with eviction and skyrocketing payments. Industry data suggests many foreclosures could have been prevented with VASP still in place. A new VA program promises to defer missed payments, but its months away and may increase bills by up to 15%. Housing groups call for a foreclosure freeze until a solution is in place.
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