Editor's Note: This is a subject near and dear to my heart as I am the widow of a Servicemember who was killed in Vietnam in 1968 and as I have been fighting Chase Bank's efforts to foreclose on my home for some time. Please show your support for this important piece of legislation by contacting your Congressional Representative. Thank you.
Washington, D.C. (May 7, 2013)—
- Stay a home foreclosure action when servicemembers are receiving hostile fire or imminent danger pay;
- Stay a home foreclosure action for a 12-month period for servicemembers placed on convalescent status, for veterans who are medically discharged, and for surviving spouses of servicemembers whose deaths are service-connected;
- Double civil penalties for mortgage-related violations;
- Prohibit banks from discriminating against servicemembers, veterans, and surviving spouses who are eligible for these protections; and
- Eliminate the primary residence requirement for servicemembers that receive a military order to relocate to another duty station in order to qualify for mortgage refinancing.