With mega-banks illegally foreclosing on active duty members, the penalty is jail. But, as always, there's a catchMar 5, 2013 - Wrapping themselves in the American flag is a popular pastime among our nation’s prominent institutions. But is it secretly possible for them to commit crimes against active duty members, and pay no price?
Imagine that you’re serving at a forward operating base in Afghanistan. You’ve been in country nine months, coping with hazardous and punishing conditions, trying to survive and return to your family. Then you get a call from your spouse that they’re about to be evicted from the family home. The sense of anxiety is acute, and so is the feeling of helplessness – you’re thousands of miles away, focused on your mission, and you’re wracked with regret and guilt, unable to protect your family from the tragedy and shame of foreclosure.
This has happened at least 700 times to servicemembers on missions overseas since the beginning of the foreclosure crisis in 2008. And it’s actually illegal; it violates the Servicemembers Civil Relief Act, a statute that carries criminal penalties. The nation’s biggest banks have admitted to the conduct before Congress and in regulatory filings, and they only recently acknowledged that they illegally foreclosed on ten times as many servicemembers as they previously claimed. read more>>>
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