Did you fall far behind on your mortgage payments?
Yes, you could say so. I'm in real trouble now!
In that case your mortgage servicer the company that handles collecting the money for your lender can take your house to cover the money owed. This process is called foreclosure. Our VA loan technicians can help you avoid foreclosure and keep your house.
Really !? That'd be great, I don't want to end up homeless. How can I avoid the foreclosure?
A deed in lieu of foreclosure lets you avoid the foreclosure process by signing over the deed to the home to your servicer. The home will then belong to the servicer.
What if I'm a Veteran? I mean, I served this country, now you can do something for me and help me with this foreclosure.
If you're a Veteran we'll provide financial counseling even if your loan isn't a VA direct or VA-backed loan.
That's a start. So how can I avoid foreclosure?
Well, there are 6 general ways you can try to avoid a foreclosure.
And what are those ways?
I can tell you all about those 6 general ways to avoid a foreclosure.
Hold on. Just tell me what to do here if I can't pay my mortgage.
In that case you should contact your loan servicer right away. The sooner you contact them, the sooner they can help you find a solution.
Look, son. I have a VA direct loan and it's more than 60 days past due. They aren't going to help. What the heck should I do?