The VA foreclosure moratorium is over.
VA has had foreclosures on hold for quite some time as they introduced new options for struggling borrowers in 2024, but time is up. VA is foreclosing on home owners in default again, but if you're in trouble, you have options!
YOU WANT TO SELL
Even if you're behind on the payments and already in foreclosure, selling is still an option!
Unfortunately, VA loans (especially newer VA loans) are usually short on equity. However, even a home with no equity can still be sold in a short sale, (VA Compromise Sale).
Many VA home loans, especially those written in the most recent peak years of the real estate market lack the equity to sell and cover all the costs. VA has a short sale program to help homeowners without equity sell and avoid foreclosure!
Here at Reid Real Estate Group we've been helping homeowners with short sales since 2008, and we can help you!
Last Updated on January 27, 2025 by Minna Reid