Udall Presses VA to Not Penalize Veterans Who Lost Homes in Colorado Wildfires on Mortgage, Refinancing Fees

    Udall Presses VA to Not Penalize Veterans Who Lost Homes in Colorado Wildfires on Mortgage, Refinancing Fees

    WASHINGTON, D.C. – July 25, 2013 – (RealEstateRama) — Mark Udall, who serves on the U.S. Senate Armed Services Committee, urged the U.S. Department of Veterans Affairs in a letter today to reimburse financing fees charged for VA-backed home loans to veterans who lost their homes in the Waldo Canyon and Black Forest Fires. Udall sent the letter after learning of a constituent who paid thousands of dollars in non-reimbursable fees for a VA-backed home refinance loan only to lose his home a few months later in the Black Forest Fire. Under current policy, he and other VA beneficiaries may be required to pay additional fees when using a VA loan to purchase a replacement home.

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