Veterans Got a Mortgage Break. Now They’re Losing Their Homes

We need to get para sites out of the housing market (wall street investors, corporations, Chinese real estate investors, American real estate investors, AirBnB investors). One house per family. You can't buy up multiple houses when there is a housing crisis.

We all know they voted trump so..

Tax the rich..

This is despicable!!

As a Army Vet, NEVER JOIN THE USA MILITARY! Let Politicians panic over low recruitment numbers and a Collapsing Government. They are the problem

ironic, the ones that actively participated in destroying others homes are now struggeling to keep their owns :)

Veterans already get more favorable interest rates, terms, lower or no property tax, and are more likely to be approved for a mortgage than non-veterans. Just think about what everyone else is going through trying to keep their homes without the help of the VA and all these subsidies and protections.

I hope you can do a follow up story a year from now.

And they wonder why this generation isn't interested in signing up.

Wow. This is the same thing that happened to millions during the 2008 crash.

Everyone is, they’re not special.

They got a BREAK where they didn't have to pay mortgage for 2 years... but that NEVER meant it was forgiven, they knew they had to keep paying!! It's not the government's fault that they can't administrate

I have an idea. Why don't we put together a multi billion dollar aid package for veterans losing their homes.

Combat and/or drafted veterans deserve our help, but 'in the rear with the gear' veterans are no more heroes than the taxpayer that pays for everything. Too many fake heroes have destroyed our recognition of what a real hero is.

Well they enjoy a lot of benefits during their service. NOW TIME TO PAY THE BILL IF THEY CAN'T EVICT THEM SIMPLE.

And how many folks did these veterans displace themselves?

Everyone is struggle to afford housing. Not just veterans.

To bad supporting the military is completely at odds with fixing the domestic housing market.

War criminals?

there should NEVER be ANY homeless veterans!

The real vetrena are the bankers
He saved life?
Gov dont care

Unfortunately these fraudulent practices are universal. You pay up every month, pay insurance with it for when things get rough, but they still use pest control on you whenever investors are at risk of not being able to receive annual profit increases.

This is disqusting 😡

So if l enlist don't l automatically get a home ? Forever ?? Even if l don't manage my money ???

Wake up people. They don't care about you. People are just cannon fodder for the war machine.

I hate when people loses their home.

Can someone explain, it is mortgage, right? why they put their home as collateral for loan?

And yet, the military wonders why there recruitment is at an all time low. Keep screwing your veterans and you will have none to defend the country. This is a HUGE National Security Risk!

💀-☠ Griftonomics ☠-💀

It is absolutely horrible that this is happening to our veterans. Some of these Wall Street firms have no remorse for the same people that are willing to protect them and to allow them to even do business in a safe country.

America should be ashamed of itself

They then sit there complaining about how no one wants to join the military and about how Americans are no longer patriotic.

what a nightmare

I noticed that at least two of the army officers featured had cancer at a pretty young age. This is highly unusual, but the PACT Act was passed last years and includes a number of cancers that are presumptive for service--if you served in certain locations, such as Iraq or Afghanistan. Perhaps VA disability is an option that cancer-afflicted women can pursue.

The government and cops hate minority veterans.

Looks like all these are just IT related issues? It just to show the lenders were not ready for the transition at all.

This is not shocking, sadistic capitalism does not care about sick Americans or veterans.

Is it any wonder why young people do not want to join the military?

Welcome to America

The military who fight in wars abroad are not fighting for their country, are fighting for the corporations and various interests of oligarchs or politicians to enrich themselves on the back of the other people's kids. Every person should refuse to fight outside of their country.

People need to seriously understand that, there is a lot of corruption in the industry and certain people are "profiting from the corruption itself " who are targeting soft target". The only way to protect your private assets and equity is to create a trust, and remove your name from all property deeds in the public. Your private assets should never be in the public domain where corrupt fraudulent actor's can see and go after them through criminal fraudulent means.

The VA is an adversarial administrative agency that doesn't have the best interests at heart of the veteran's. Their just another corrupt beauracratic federal agency.

US domestic matter globalised for audiences purposes. Every country has this problem.

Anarcho-capitalism is a suicide pact.

Somehow the US has trillions of dollars for weapons and
Unlimited money for Israel

Young ppl from the army having cancer. Coincidence?

I'm going to get hammered for my comment. I've been retired since 1998. I bought my current home in 1993 and paid it off in 1997. In 2011 I was on my local Housing Authority Board and I had a Veteran and his contact me about options for public housing as they were in the process of foreclosure. It started me down the rabbit hole of HUD/VA Home Retention programs available. Who they were for. How to apply. How to navigate between VA, HUD, Lender's, and Servicers. I have been a HUD trained volunteer Home Retention Counselor since 2012. Although the HAMP program had the best program components they were the hardest program to qualify for. With VA loans transitioning into modified mortgages they were the absolute easiest and fastest to get approved. You didn't have to prove you could pay your monthly mortgage. There wasn't " significant " savings so I can see how VA Loan Holder's were doomed to a cycle of failed modifications. After one successful modification I had one client purchase a 2 year old motorhome for 139K. It was mind-boggling how 45, 50, & 65 year old adults made such poor financial decisions. With household retirement incomes of between 50-70K they'd be spending 70-80K a year just running up credit card debt and pulling equity from their homes. I said all that to say VA loans aren't predatory in nature they're just to easy to qualify for & the companies that offer 2nd's and home equity loans are the ones causing the misery.

Most of these programs are designed to help the big banks and real estate agents by allowing people to put themselves in precarious financial positions while inflating the real estate values

This is not acceptable