Attention all Veterans Do you know?

Question

If you buy a house, or maybe any other goverment guaranteed loan situation, that your spouse can take your benefits? Yep..and the VA will not help at all. You buy the house, the divorce happens, the judge awards the house to him ( or her) and the loan stays intact, and your benefits are tied up until they do any thing (the spouse) otherwise. They can do anything they want as long as that note keeps getting paid, apparantly. Oh and also, if they default on the loan, your benefits are ruined forever. My point is to be very careful with your benefits. And don't count on the VA. After all we go through, or went through this is what we get. Apparently the VA doesn't care. Is the news to anyone else?

Answer 1

Not news to me, however in the above situation, the VA is not wrong in continuing to collect on the loan. They are the same as any other lender, it is not their fault you lost the house in a divorce. They want their money returned, just like any other lender.

Answer 2

The VA has sucked since the beginign of time & will continue to suck all hell till one of us gets elected president. I'd say get those loans in your name only for future ref. As for you my friend, I'd go back to the court with documentation from teh VA & ask them to help you resolve the situation (ie sell or refi the house). The court should be sympathetic to that.

Answer 3

Didn't know this. By the by, the VA only guarantees the loan, doesn't actually make it. What branch were you in?

Answer 4

I wasn't aware of this, but this is just something else that needs to be changed. I can't stand the idea that my ex would have gotten half of my retirement check if I hadn't had a good lawyer.

Thanks for the info.

Answer 5

Thanks for the info Golden. I am a Navy veteran and was not aware of this at all. Guess I better be very careful because I surely don't need for my benefits to be ruined.