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Military Status and Foreclosure

Question: 
If our borrower hasn’t requested SCRA protection and is past due on her mortgage, can we start foreclosure as we normally would?
Answer: 

No - while some provisions of the SCRA require a servicemember request, other protections (such as the ones that apply to foreclosure actions) are automatic. The burden is on you to know which applies and when.
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Learn more about Andy Zavoina’s webinar Military Lending – Banks Keep Getting it Wrong

First published on 11/19/2017

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