Monday, March 4, 2013

Banks behaving badly: Evictions of Military Families

The New York Times today ran an article about banks foreclosing on the homes of deployed military families.  See, Banks Find More Wrongful Foreclosures Among Military Families.  The Servicemembers' Civil Relief Act provides protections to military service members on important financial issues, including evictions and mortgage foreclosures, which should have prevented many of the reported cases.  The SCRA is a key protection that perhaps needs further promotion to ensure that banks comply.

- JSM

1 comment:

Tara said...

What frustrates me even more is the how the VA is backlogged with disability claims - it is therefore taking anywhere from 6 months - FOUR YEARS for veterans to get word on whether their disability claims have been even accepted and receive any money! So these, often poor, and disabled veterans are unable to get their benefits in anything that resembles a reasonable time frame. This isn't how we should be treating our veterans.