With the U.S. congress trying to please all constituencies in this election year, especially those who took subprime mortgages and can't afford the monthly payments, where is congressional help for military families to save their homes from foreclosure?
A disturbing article on Bloomberg states, "In the midst of the worst surge in mortgage defaults in seven decades, foreclosures in U.S. towns where soldiers live are increasing at a pace almost four times the national average, according to data compiled by research firm RealtyTrac Inc. in Irvine, California."
With the stress of potential foreclosure on their minds, don't you think that this may impact their ability to fight in Iraq?
The article continues, "The Servicemembers' Civil Relief Act protects soldiers and sailors from losing homes for nonpayment of mortgages only while on active duty and for 90 days after they return home."
Ninety days?
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