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

Since the end of a Covid-era mortgage program that gave borrowers a year without payments, lenders have been foreclosing on veterans at an alarming rate. Read More: trib.al/j0Pqffb
#Housing #Veterans #Bloomberg
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[@wordgirl6267]

The way our government is treating our Veterans is pathetic! allowing all these predators to prey on veterans / families is a crime !

[@TomCook1993]

But they can prey on non veterans? What’s makes them so special?

[@TomBomba]

@@TomCook1993 The answer is kinda obvious, if you're really asking that then you're not being serious. Even if you think this should be allowed you still know what someone is going to say to your question.

[@Hashartnft]

@@TomBomba*shaking head in agreement vigorously*

[@debbielwilliamson8546]

​@@TomCook1993 ENLIST !! ENLIST NOW !!! Your disrespect for veterans is disgusting 🤢🤮

[@NeostormXLMAX]

this is what happens when you join the imperialist industrial complex, used and discarded.

[@joycejackson9315]

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

[@squashduos1258]

This is despicable!!

[@Turdfergusen382]

Everyone is struggle to afford housing. Not just veterans.

[@JadedJassy21]

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

[@user-ss5vz9sj8n]

NO they just don't want to be part of American imperialism.

[@mohamada2177]

@@user-ss5vz9sj8nim really happy if this turns out to be true. I hope they wont find communities to get people from.

[@Wawalsh1234]

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

[@bartlx]

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.

[@jazilzaim]

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.

[@petrichor259]

Money comes first in us , fake-patriotism Second

[@Woke365]

I hate when people loses their home.

[@MegaAli213]

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.

[@Turdfergusen382]

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

[@ngana8755]

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.

[@fredricksmith-something.2125]

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

[@djp1234]

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.

[@TomCook1993]

Mad a capitalism? Move to communist China!

[@djp1234]

@@peterseth3296 yes these wealthy people are para sites who are stealing from the working class. And working “harder” won’t help me save up $500k for a down payment for a house. Do you even know how the real world works?

[@SilkCrown]

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.

[@FredSaimpre-ru4mg]

Welcome to America

[@sdbcadmin]

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

[@heinedenmark]

Tax the rich..

[@hello15848]

This is not acceptable

[@DirtyLifeLove]

what a nightmare

[@ronwhiteleo3352]

America should be ashamed of itself

[@Turdfergusen382]

And how many folks did these veterans displace themselves?

[@stayhappygaming]

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

[@LuisMendoza-pp9qi]

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

[@02nupe]

they never asked for it be forgiven though....🤔

[@jayliu645]

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

[@thomasrogers9146]

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

[@TomCook1993]

Everyone is, they’re not special.

[@Lo_Lyfe]

This is disqusting 😡

[@willrose5424]

@3:08 Novice camera man. Never point it at the sun!

[@MegaMijit]

there should NEVER be ANY homeless veterans!

[@lvculo]

💀-☠ Griftonomics ☠-💀

[@nimeshpatel6006]

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

[@flightmode7655]

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

[@bluedragontoybash2463]

poetic justice.

[@Batman_akzo]

War criminals?

[@vooteimer1234]

We all know they voted trump so..

[@alimfuzzy]

Doesn't matter, veterans are veterans. Losing a home is terrible. They've been let down by all administrations, from Reagan, the bushes, clinton, obama, biden and trump.

[@clydecmcelroy4638]

No we didn't.

[@Batman_akzo]

​@@alimfuzzyyes war criminals?

[@user-ss5vz9sj8n]

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

[@tonyt8950]

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

[@jaad9848]

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