According to Becky House, Education Director for American Financial Solutions, the changes are intended to make it easier for military members to access benefits through the program. Previously when a person needed assistance with their mortgage they had to be behind in payments. This requirement could ultimately cost a serviceperson their rank or even worse, their career...These changes are significant since service members face unique challenges when they are transferred to new locations...In a short sale, the mortgage company allows a person to sell their house for an amount less than what they owe...This means they will not be responsible for any amount still remaining on the mortgage. If someone lives in Washington State and needs help with a mortgage, they can contact a housing counselor at American Financial Solutions today. Outside of Washington, visit the Department of Housing and Urban Development (HUD) to find an approved housing counseling agency.
American Financial Solutions (AFS) is a non-profit 501(c)3 financial education and credit counseling agency that helps people find solutions for managing their money and improving their financial lives. Since 1999, AFS has helped individuals across the United States through one-on-one counseling, classes and the use of debt management plans...AFS is also accredited by the Council on Accreditation (COA) and has an A+ rating by the Better Business Bureau. Find us and add us on Facebook, Twitter and Google+.
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