Military Foreclosure Victims Awarded Settlement

military foreclosureImagine calling home from active duty in Iraq to find that your wife and family have been evicted from their home -- all because your lender overlooked the paperwork. It happened to at least 170 active duty servicemembers over the past few years, some of whom returned from duty with post-traumatic stress disorder and severe paralysis. But with the announcement on Thursday of a $22 million settlement, they gain a measure of justice. Chris Kirkham at The Huffington Post has the full story.

Amid blistering heat and thunderous bombing in central Iraq during Summer 2005, U.S. Army Sgt. James Hurley suddenly found it difficult to reach his wife back home in Michigan.

For four days straight, he called and got a troubling message that the line had been disconnected. Eventually, Hurley tracked her down through his uncle.

"She tells me, 'We got kicked out of the house, we're foreclosed,' " Hurley recalled. "I was so pissed off. If it wasn't for my roommate and my sergeant who was over me, I think I would have gone nuts."

As his wife removed every stick of furniture from their home, cramming it in her parents' house and in a nearby garage, Hurley was left to stew halfway around the world. He asked for extra-long shifts and additional mechanic assignments, just to keep his mind off things.

It would be another six months before he could return home to sort out the mess, beginning a years-long court battle with Saxon Mortgage Services over the loss of his home while deployed overseas.

Prompted in part by Hurley's case, the Justice Department on Thursday announced a $22 million settlement with Saxon and a unit of Bank of America to provide relief to more than 170 active-duty military members who experienced improper foreclosures over the past few years.

Read the full story at The Huffington Post.

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hi bev

The military is letting these people down by not telling them about the SSCRA ( SOLDIERS AND SAILORS CIVIL RELIEF ACT ) Once they notify all their creditors they are being deployed and sign up for the sscra it will be illegal for them to apply any past due fees, overlimit fees or punish them for being late with payments and protect their home. The military is not telling these people about it and I find so many don't know about it. I work in an area where people tell me they are in the service and being deployed and the first thing I do is tell them about this. They are all shocked and knew nothing about it.

June 01 2011 at 8:32 AM Report abuse +1 rate up rate down Reply
Rotten Pun

Anybody fresh off the banana boat can walk in to a city welfare dept, and get food stamps along with a monthly cash allowance, swindle their way through unemployment, then get a house financed through HUD. However, a natural-born US citizen serving in the armed forces for a longer than expected deployment is in jeopardy of losing his home and family for defending it.............................All in the name of a twisted form of Democracy, and a failing economy is hardly worth the effort., PROTEST, DEFY AUTHORITY, .......................kick 'em all in the ASS, DO NOT VOTE, without a single vote cast in any more elections.................The American Dream will Die.

May 31 2011 at 1:09 PM Report abuse rate up rate down Reply
1 reply to Rotten Pun's comment
hi bev

There is protection for the military its called the SSCRA ( SOLDIER AND SAILORS CIVIL RELIEF ACT) It protect all servicepeople against things like this. Problem is they are not being told about it and they must sign up for it and call all their creditors and tell them.

June 01 2011 at 8:28 AM Report abuse rate up rate down Reply
J L Jacobson

Is there no end to what the banks will do for profits? This situation leaves me with pain in my gut and I feel so bad for those that had to endure this kind of abusive treatment by these banks.

While I am a huge promoter of torte reform, this is one case these banks should have been penalized massively. Everyone one of these victims should have been given their home back with the mortgages fully paid by these uncompassionate, money-hungry, sadistic banks.

Too bad I cannot sat what I really feel should be done to these offending banks.

May 31 2011 at 10:34 AM Report abuse +1 rate up rate down Reply

Our Veterans serve this Nation 24/7. The fat hogs in Washington have been looking out for themselves now it's pay day time for our vets. We send more money to foreign countries than we spend on our veterans who have all kinds of financial problems when they get home. Stand up America for our vets. Make them FAT HOG bankers shell it out.

May 31 2011 at 8:56 AM Report abuse rate up rate down Reply

we give them a job to keep us safe and what do these rich bankers say we dont care we want our money now ought to send bankers to the middle east to fight for just a week i bet the would be crying like bitches

May 31 2011 at 5:08 AM Report abuse rate up rate down Reply

$120,000 per family is not enough. There should have been punitive damages.

May 31 2011 at 3:49 AM Report abuse +2 rate up rate down Reply

Yes really stand in front of them, how callous can you get wow takes alot nerve to taken an foreclose on the Military
families wow they should be rewarded 2million each not just 125,000.00 or 130,000.00 man thats a joke to them. Does bank of america and Saxon mortage companies care at about the military troops at all.

May 31 2011 at 3:25 AM Report abuse +3 rate up rate down Reply


May 31 2011 at 2:42 AM Report abuse +3 rate up rate down Reply

As I read, It amazes me how much our country has us in every other country taken care of the world but it doesn't take care of us....We instead worry about if our President has a birth Certicate that is from America.....Cut out all the jobs overseas and give us Americans our jobs back and our freedom to be the Citizens of this fine country....People are wrapped so tight any more....Im glad they got something out of all they deserve....I live in WA... I've voted both time for our governor...Now she is taken away and cutting positions for the wrong ones...We have alot of rich people in this state....Why take away from the ones who need it ????

May 31 2011 at 2:42 AM Report abuse +3 rate up rate down Reply

In the aftermath of this lawsuit the President, Congress and the Department of Defense SHOULD terminate all standing contracts with the Community Bank Overseas Military Banking Program. Currently they have centers located on U.S. military installations throughout Japan, Okinawa, South Korea, Diego Garcia, Germany, the United Kingdom, Iceland and Holland along with over 300 ATM's on bases around the world all operated by BANK OF AMERICA.

Then only offer contract bidding proposals to financial institutions such as USAA, Pentagon Federal Credit, Army Aviation Center Federal Credit Union, Fort Bragg Federal Credit, Navy Federal Credit Union and Army Navy Federal Credit Unions to name a few that are strictly focused on SERVICING THE UNITED STATES MILITARY BOTH ACTIVE DUTY AND RETIREES ALONG WITH THEIR FAMILY MEMBERS!

May 31 2011 at 1:23 AM Report abuse +2 rate up rate down Reply

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