Monday, December 5, 2011

Fraud Foreclosures On Active Duty Military

Than banks continue to settle suits over fraudulent lending including foreclosing on active duty members across the country.
About 5,000 homes owned by active-duty members of the military and their families may have been foreclosed on by 10 leading lenders in violation of the Servicemembers Civil Relief Act, which aims to protect members of the military from financial distress, according to data released last week by the Office of the Comptroller of the Currency.
There is more here.  What is to be sure is the housing recovery is a long way off.

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