VA Loan Default Relief for Active Duty

Week of June 25, 2012

Certain deployed military members are entitled to relief from VA loan default or foreclosure through the Servicemembers Civil Relief Act (SCRA). Military families make tremendous sacrifices when their loved ones are deployed overseas. A VA loan default or foreclosure shouldn't add to the stress. The SCRA may help a qualified military member to deal with debt problems that arise out of financial contracts entered into prior to active duty. By suspending civil claims against deployed servicemembers, it may also protect their spouses from having to deal with default or foreclosure while their loved one is away. Get more information on Military.com.