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Friday, March 25, 2016

Returning service members face foreclosure threat; legislation would change that

Service members will be given extra protection from foreclosure as they transition back to civilian life from active duty if the House passes a bill scheduled for a vote this week.

The Foreclosure Relief and Extension for Service Members Act of 2015 will give those leaving active duty service a 12-month grace period from foreclosures if it becomes law.

Eligibility for the grace period will last through the end of 2017.

The Senate already unanimously passed the bill back in December.

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2 comments:

Anonymous said...

About time they did something for those who sacrifice their own well being for our freedom!

Anonymous said...

What freedom? We are one of the worst countries to live in when it comes to being free!
If the are forced to quit I'm good with this. If they quit a job and don't have anything lined up then their fault and they need to deal like every other service member in the past has. And every irresponsible person who quits a job with nothing to fall on!