Bill protecting service members from foreclosure gains traction

3 Aug

HousingWire – Kerri Ann Panchuck

The House Veterans Affairs Committee passed legislation designed to protect military members, disabled veterans and military spouses from wrongful foreclosures this week, Rep. Elijah Cummings, D-Md., reported. The committee’s acceptance of the bill merely sets the legislation up to reach the full House for a vote. The bill, which was added to the Military Home Protection Act, prohibits banks from foreclosing on service members fighting overseas and veterans with disabilities. Those protections extend to military spouses as well. The legislation is supported by various veterans groups and comes on the heels of Holly Petraeus testifying in front of the Senate Veterans Affairs Committee earlier this week.

>> Read more: http://www.housingwire.com/articles/25889-bill-protecting-service-members-from-foreclosure-gains-traction

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