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.

More on AOL Real Estate:
Find out how to
calculate mortgage payments.
homes for sale in your area.
Get property tax help from our experts.

For more on foreclosure and related topics see these AOL Real Estateguides
Read Full Story

Find a home

Powered by Zillow