Tuesday, March 24, 2009

Stop Foreclosure the Military Way

Wow, at long last. The military is getting the attention and care that they deserve --- there is a law that helps them avoid or stop foreclosure if they were on active duty within the last 90 days.

According to the Service Members Civil Relief Act of 2003 (SCRA), it says that all active duty personnel, as long as they were not on active duty when they bought their houses and signed their mortgage papers.

By the way, when I speak of active duty personnel, they include:

• Regular members of the Armed Forces (Army, Navy, Air Force, Marine Corps and Coast Guard)

• Reserve, National Guard and Air National Guard personnel who have been activated and are on Federal active duty (whether as volunteers or as a result of involuntary activation)

Inductees serving with the armed forces

• Public Health Service and National Oceanic and Atmospheric Administration Officers detailed for duty with the armed forces

• Persons who are training or studying under the supervision of the United States preliminary to induction

• National Guard and Air National Guard personnel on duty for training or other duty authorized by 32 U.S.C. §502(f) at the request of the President, for or in support of an operation during a war or national emergency declared by the President or Congress.

I’m glad to hear that military families can stop foreclosure before it starts. The reality is, our military has served the country selflessly and devotedly. I think it’s about time that we repay back all the effort and hardwork that they have given us for a long time now. Believe me --- it’s the least we could all do for them.


Loan Modification Guide

This blog is dedicated for Loan Advocacy Group that help the economic crash from hard time of high credit interest. Aimed to Stop Foreclosure

- Why it is the most important decision of your life.

- Foreclosure is AVOIDABLE. Modify your loan now and keep the roof over your head.

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Loan Modification Guide

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