Bill to extend foreclosure protections for military homeowners passes House

By Ripon Advance News Service  |  March 24, 2016 - U.S. Rep. Steve Stivers (R-OH) said that House passage of a bill on Monday that would provide foreclosure protection to military homeowners would help them adjust to civilian life. 

The House of Representatives approved the Foreclosure Relief and Extension for Servicemembers Act, S. 2393, which extends foreclosure protections for military homeowners from 90 days to one year through January 2018.

“When our service members come home they shouldn’t have to fear losing their homes as they transition back to civilian life,” Stivers said. “The foreclosure protection extension will give them the time they need to get back on their feet financially and begin their new lives post military service.”
U.S. Reps. Stephen Fincher (R-TN), Joe Heck (R-NV), and Stivers filed a House companion version of the Senate bill in December that was approved on Monday.

“Readjusting to civilian life from active duty can be difficult for many of our vets,” Fincher said. “It is tremendously important to allow our veterans more time to readjust to life at home and get on their feet financially. It’s the least we can do for those who willingly risk their lives every day to protect the freedoms we hold dear.”

Congress temporarily extended foreclosure protections for service members in 2012, and then again in 2014. The most recent extension is slated to expire on April 1.

For expect advice, call a well-trained, experienced HUD-approved housing Counselor, Rod Williams 615-850-3453.