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Military Status and Foreclosure

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

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.
Learn more about Andy Zavoina’s webinar Military Lending – Banks Keep Getting it Wrong

First published on 11/19/2017

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