Tuesday, May 27, 2008

The Homes of the Brave


We've never faced a situation like this, not in the Vietnam War, World War II, or the Korean War, where so many military are in danger of losing their homes,'' said Paul Sullivan, executive director of Veterans for Common Sense, a Washington-based advocacy group started in 2002 by Iraq and Afghanistan War veterans.
Kathleen M. Howley reports at Bloomberg.com:

Foreclosure filings in 10 towns and cities within 10 miles of military facilities, including Norfolk, Virginia, home of the Navy's largest base, rose by an average 217 percent from January through April from a year earlier. Nationally, the rate was 59 percent in the same period, according to RealtyTrac, which tallies bank seizures, auctions and default notices.
Congressmen Isakson (R-Georgia) and Filner (D-California) seek to improve upon the Servicemembers' Civil Relief Act, which protects soldiers and sailors from losing homes for nonpayment of mortgages only while on active duty and for 90 days after they return home. They propose extending that to a year.

Maybe John McCain won't object.

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posted at 8:07:00 AM by Neil

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