sarahli.h
Region: CA
Sunday 01 June 2025 14:13:54 GMT
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![The VA Home Loan Reform Act of 2025, known as H.R. 1815, was introduced to enhance the existing VA home loan program. Key provisions of the act include: 1. **Foreclosure Prevention**: The act authorizes the VA to advance funds to avoid foreclosure on veteran-owned homes. 2. **Loss Mitigation Procedures**: It requires the establishment of procedures to mitigate losses for veterans at risk of default. 3. **Partial-Claim Program**: A five-year partial-claim program is created for loans on primary residences that are in default. 4. **Real Estate Representation**: The act mandates a report from the VA regarding real estate agent representation for veterans. The act was passed unanimously by the Senate on July 16, 2025, and aims to improve the support and resources available to veterans seeking home loans. For more detailed information, you can check the official congressional summary [here] - (https://www.congress.gov/bill/119th-congress/house-bill/1815 #valoan #mortgage #valoanspecialist #valoans #military #militarylife #miltok #militarytiktok #veteran #veterans #vettok #homeless](/video/cover/7533328968427015438.webp)
