The Department of Veterans Affairs is halting foreclosures for 6 months for veterans and servicemembers who have VA Loans.
The move follows an investigation by NPR that found thousands of veterans who took what's called a COVID forbearance are now at risk of losing their homes through no fault of their own.
"Helping Veterans and their families stay in their homes is a top priority at VA," said VA Press Secretary Terrence Hayes in a statement. "We are calling on mortgage servicers to pause foreclosures of VA-guaranteed loans through May 31, 2024."
The forbearance program was set up by Congress after the pandemic hit in order to let people who suffered a loss of income skip mortgage payments for six or 12 months, and then have an affordable way to start paying their mortgage again.
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