Monday, March 28, 2005

Some Creditors Make Illegal Demands on Active-Duty Soldiers - The New York Times > National >

The New York Times > National > Some Creditors Make Illegal Demands on Active-Duty Soldiers:

"Sgt. John J. Savage III, an Army reservist, was about to climb onto a troop transport plane for a flight to Iraq from Fayetteville, N.C., when his wife called with alarming news: 'They're foreclosing on our house.'

Sergeant Savage recalled, 'There was not a thing I could do; I had to jump on the plane and boil for 22 hours.'

He had reason to be angry. A longstanding federal law strictly limits the ability of his mortgage company and other lenders to foreclose against active-duty service members."

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