PCSing But Underwater? What Can Help. | Quicken Loans and the Department of VA


♪[music]♪ – [Terry] I want to relay what the situation is. It’s people who purchased a home on the VA loan and are now in a situation where they.have BCS orders from their change of station, and they have to depart under their route, you know, underwater so to speak, and can’t necessarily get rid of the house. Other than finding a renter and dealing with the renters until they can get above water; are there any other programs to help in that particular kind of situation? – [Clayton] Anybody have anything on that one? – [John] I would recommend, talk to the lender, call VA, you know, call us. You know, we’re always there to help and try to offer solutions. It is just very difficult, you know, without knowing specific circumstances on things like that, on how to, you know, how to maneuver. – [Clayton] Yeah, I mean from our perspective, if you have a problem with your loan, of course, call us first and let us know what’s going on, and you know, we’ll try to help, but yeah. – [Terry] You know one of the … impacts on military families right now from this kind of situations is a lot of times they become geo-bastards as they are referred to, so the person on orders will … leave, take the orders, and leave the family behind so they maintain the house, you know, until they can hopefully get in a better situation. So that’s kind of the Genesis of the question, to just kind of see if there’s any programs out there, who are aware of harp and harm, or is it, I can’t remember the other, harp and the other pro-. – [Clayton] Hamp, because of … and that. – [Terry] Yah, yah, right. Those kind of programs are out there, and I know the VA has some programs like that, but they really don’t, I don’t think there’s anything that addresses this specific situation very closely. – [John] Well, to be honest, you know, I don’t know if many people know this, but, you know, we’ve been servicing our, you know, constituencies and well, veterans, ah, you know, with those type of programs for years. You know that’s what we’ve done is how to negotiate for veterans to stay in homes and to continue, you know, the path of home ownership, so, I always say, you know, call your local regional office and we’ll to help out. ♪[music]♪

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