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Are there programs to help military homeowners not living in their home?

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jhollyd Joined: 07 Aug 2010 Posts: 1 1.33 Dollars($)	Posted: Sat Aug 07, 2010 6:55 pm    Post subject: Are there programs to help military homeowners not living in Like 0 Dislike 0 I am active duty military and have to rent my home because the military moved us away. We are struggling to make the mortgage payment and want to know what programs are available to help lower our payments or even assist us in selling the home. We are current on the payments but have no money left at the end of the month. We are renting a home to live in at our currrent duty location. We owe more than the house is worth -it is located in California.
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Sun Aug 08, 2010 10:15 pm    Post subject: Like 0 Dislike 0 Welcome jhollyd, If you want to get rid of the property, then you can sell off the property through a deed in lieu of foreclosure. You need to contact your lender and apply for the same. However, most lenders would consider this option only when you're 2-3 months delinquent on your mortgage payments. However, as you are an active duty military and due to genuine problems, you had to move away, the lender may consider your request. _________________ Procrastination is the enemy of your financial success
netherton Joined: 17 Jun 2010 Posts: 200 Location: Fort Collins, CO 29.19 Dollars($)	Posted: Mon Aug 09, 2010 10:55 am    Post subject: Like 0 Dislike 0 JHolly, Is the current mortgage on the property a VA loan? If so you may have options. _________________ Nic Netherton Mortgage Banker Cornerstone Mortgage Co Fort Collins, CO 80525 Nic Netherton Loans 970-226-2992 My Daily Rate Sheet

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