Thinking about becoming a landlord? Renting out your home with a small VA loan has its benefits, but think hard about becoming a landlord. Q: I am 51 years old and married without kids. Together, we earn around $100,000. I have a Veteran’s Administration (VA) mortgage with about $38,000 left on the loan. We also [...]
In order to remove your name from a VA loan, you have several options: strategic default, short sale, foreclosure or bankruptcy. Q: I’ve read about strategic default and bankruptcy, and I’m a bit confused as to which is the better option for me. I have a VA loan on my house in Georgia, that I [...]
Getting a quitclaim deed after divorce is necessary to remove a spouse's name from the property title and mortgage. Q: When I was married, my wife and I purchased a home with a VA loan. My wife and I later divorced and I was awarded the home in the divorce and it states so in [...]
