VA Joining Big Banks in foreclosures on veterans bringing a new wave of veteran homelessness

[EV_Ares]

It appears the Veteran's Administration has been flying under the radar when it comes to their contribution to the homeless veteran population. Due to a backlog in processing thousands of disability claims, military members and their families are forced to live on the streets because of foreclosures and are heading into bankruptcy courts at an alarming rate.

Most of the wounded veterans I know have waited more than six months to get their first disability check from the VA after leaving the military. By the time they got their first payment from the VA, they were bankrupt or had lost their home to foreclosure.

Once that happens, they can expect to have ruined credit for seven to 10 years, thus preventing them from buying or renting an adequate home ever again.

It is actually against the law to foreclose on a home of a servicemember for up to nine months after they leave active duty.

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