The VA is urging mortgage companies to extend a helping — and patient — hand to veterans affected by the BP oil spill.
Several companies have already pledged to waive late charges and suspend negative reporting to credit bureaus for Gulf state veterans, according to Secretary of Veteran Affairs Eric K. Shinseki. The secretary issued a plea Monday asking all mortgage companies to make similar concessions for affected veterans.
“Through no fault of their own, many of our veterans are out of work and are struggling to earn an income,” Shinseki said in a news release. “We must assist these veterans in this difficult time, just as they have supported us in their sacrifice to the nation.”
The VA already has an array of avenues to help veterans battle foreclosure. Perhaps lesser known is its guidance for veterans affected by major disasters. Veterans with and without VA-guaranteed loans can contact their closest VA Regional Loan Center at 1-877-827-3702 to obtain free mortgage counseling.
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