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.