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Popular: Books, Stories, Articles, Poetry     

Stacey Chillemi

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Books
· The Adventures of Covenant Cove

· Stranger Lurking in the Shadows

· The Ultimate Guide to Living Longer and Feeling Younger: The Essential Nutr

· GANGS: How to Keep Your Children Away from Gangs, Drugs & Violence

· HOW TO BUY A HOME USING A VA LOAN: What Every Home Buyer Should Know

· Beginners Tips for Horse Training: What Every Horse Trainer Should Know

· How to Purify Your Drinking Water: Understanding the Importance of Purifyin

· The Complete Herbal Guide: A Natural Approach to Healing the Body - Heal Yo

· Learn How to Become Wealthy Selling Ebooks on the Internet

· Epilepsy You're Not Alone


Short Stories
· Stranger Lurking In the Shadows

· Tish’s Story

· Trish’s Story

· Mike's Story

· Shirley's Story

· Jane Gillespie Story

· Donna’s Story

· My Father Was My Hero – If He Couldn’t Build It No One Could

· The Ultimate Home

· What is your destiny?


Articles
· Buddha’s Herbs: The nature’s miracle GREEN TEA WITH HERBS with Chamomile, T

· Ways to Get Rid of Kidney Stones Naturally

· Are You Bloated? This Herbal Has Helped Many with Bloatness...

· A super herb used to heal digestive problems along with kidney, liver and b

· Buddha’s Herbs Tea: The nature’s miracle WINGS Containing Ginger, Lemon G

· 2014 Top Recommended Health Products

· 10 steps to boost your self-confidence

· Is organic stevia better than sugar and other artificial sweeteners?

· PROFESSIONAL CHOICE VITAMINS: The # 1 Doctors Choice in Vitamins

· Sandra Bullock Goes Dog Crazy for Dogs with Special Needs


Poetry
· Nestling By the Fire with My Dog Jaliela

· Listen To Your Heart and Adopt a Dog Today

· Dogs Bring New Meaning to Life

· Dogs Bring Peace and Happiness into Our Hearts

· Dogs Hold the Keys to Our Hearts

· Dogs Are Gifts from the Heaven Above

· I’ll Be There by Your Side

· Puppy Love

· A Love of a Lifetime

· SUPERDOGGIE

         More poetry...
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Books by Stacey Chillemi
THE TRANSITION

The Most Important Skills
You Must Learn
In Order to Succeed In the Civilian World


 

THE TRANSITION
 
The Most Important Skills
You Must Learn
In Order to Succeed In the Civilian World
 
Are Veteran Affairs Loans Helping or Hurting Our Soldiers?
 
 
 
This past summer, an Air Force Staff Sargeant hoped to buy a home for his family using a home loan from the U.S. Department of Veteran Affairs. He wanted to have his wife and two children settled into their new home before he was sent overseas to the Middle East in August.

He and his wife made several offers on foreclosed homes in California using their Veteran Affairs loan," but none were accepted.

VA loans are guaranteed mortgages provided to the country's 25 million living veterans (or their surviving spouses) to purchase homes with little or zero no down payments. It sounds like a great deal, but the loans do come with certain restrictions around appraisals and inspection that are shutting service members out of buying foreclosed properties.
 
The family lost a bid on a foreclosed home in California. The property sold eventually sold to a cash investor who paid a lower price.
 
According to a CEO of an Inside Mortgage Finance, says this is not unusual for buyers using VA loans.

Usually the biggest problem with VA loans is the appraisals. The buyers may be willing to pay a certain amount for the home, but if the appraiser does not agree that the house is worth that much, the seller ends up accepting a lower amount.


At the same time, many homes may have problems that are not easy to detect. That causes issues with the financing as part of the VA inspection process.

Any listing is going to minimize any potential problems. As a practical matter, many of the properties that are in foreclosure or in financial trouble are being bought with cash, because standard financing is not designed for this kind of property.

According to data from Real Estate Agents Reports on Home Purchases and Mortgages - 2009, investors, who usually pay cash for the home, are buying more than half of the foreclosures sold by banks.

Because the VA buyers may not be putting money down, if the home needs thousands of dollars in repairs, which it likely does, the soldier could quickly end up in trouble and then default on the loan.

Service members who are looking to buy their first homes did get some good news recently. The House of Representatives recently voted to extend the popular $8,000 first time buyer credit for another 12 months for members of the military, Foreign Service, and intelligence corps who served at least three months of qualified overseas duty in 2009.

Many military families are left out in the cold and are forced to search endlessly for a home. I don’t know about you, but this does not seem fair to me. What do you think?
 
 
 
 

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