What troops can learn from this Marine veteran's foreclosure fight

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What troops can learn from this Marine veteran’s foreclosure fight

What troops can learn from this Marine veteran’s foreclosure fight

Military Times-

A Marine veteran fighting a 2010 foreclosure lost a round in court last month, as a panel of judges ruled he acted too late to invoke financial protections offered to active-duty service members.

Jacob McGreevey refinanced the loan on his Vancouver, Washington, home in 2006, according to documents from the 9th U.S. Circuit Court of Appeals. He deployed to Iraq in 2009 and returned in 2010, when he requested another refinance; he told OregonLive.comthat he’d missed payments and was expecting the foreclosure procedures that began in August 2010.

He wasn’t aware of the Servicemembers Civil Relief Act, which prohibits lenders from initiating foreclosure proceedings on military personnel serving on active duty without a court order. The current act extends this protection up to nine months after leaving active service, down from a year at the time of McGreevey’s foreclosure.

But regardless of the protection time, McGreevey didn’t know about the act until learning about it while in business school; he didn’t invoke the act until filing a complaint in 2016, after he’d left service.

 [MILITARY TIMES]

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