XML Feeds
Archives for: August 2010, 20
VA Reaches Out to Homeowners Affected by Gulf Oil Crisis
By unitedweroll on Aug 20, 2010 | In Military News and Support
As a resident of the Gulf Coast and having seen the devastation that the oil spill has caused to so many businesses and families who have lived & worked here for generations, I was pleased to see this notice come in my email. The Northwest Florida area has one of the highest Veteran populations in the country, so I am sure there are some who will be interested in this information.
Just as it is heartbreaking to see a Pelican or Sea Turtle at death's door because of the oil, it is equally heartbreaking to learn of the businesses that have had to close and the families who are struggling. Immediately, one thinks of the fishermen and the seafood businesses. They have suffered terribly. But also many others have lost large amounts of revenue as the usual summer tourists canceled reservations with news of the oil spill. Lodging, restaurants, even businesses that coordinate weddings on the beach and many more have suffered - and some may not make it or have already gone under.
So here is a heartfelt "Thank You" to Secretary Shinseki for reaching out to the Veterans along the Gulf Coast.
Shinseki Calls for "Forbearance" by Mortgage Companies
WASHINGTON (August 20, 2010)- Veterans in the Gulf States impacted by the recent oil spill may qualify for delayed mortgage payments if their mortgages are already guaranteed by the Department of Veterans Affairs (VA).
"We are strongly urging mortgage companies to extend every possible forbearance to Veterans whose livelihoods have been affected by the oil spill crisis," said Secretary of Veterans Affairs Eric K. Shinseki.
Shinseki noted that several mortgage companies have already announced plans to waive late payment charges and suspend negative reporting to credit bureaus on affected borrowers. VA is asking all mortgage companies to follow this example.
"Through no fault of their own, many of our Veterans are out of work and are struggling to earn an income," the Secretary added. "We must assist these Veterans in this difficult time, just as they have supported us in their sacrifice to the Nation."
VA has information on its website, www.homeloans.va.gov
