Showing posts with label foreclosure. Show all posts
Showing posts with label foreclosure. Show all posts

Thursday, July 20, 2017

TWIN HOMELESS VETERANS NEED YOUR HELP NOW BECAUSE THEY ARE 84!

UPDATE From KXTV

Twin homeless veterans Gary and Clifford Koekoek received an outpouring of support after our story detailing their struggle with homelessness aired last week.The twins, 84, have been homeless for the past two years, forced to sleep primarily in their car after their longtime residence was foreclosed on. The property listed under their names was repossessed in 2015, according to information available through Trulia.Since the story aired, donations poured in to a GoFundMe page intended to secure housing for the brothers, and Veterans Affairs was rumoured to be assisting the twins.Tara Ricks, the Chief Public Information Officer for Veterans Affairs of Northern California, confirmed that the VA is working with the brothers, but could not provide specifics due to privacy concerns.The GoFundMe page set-up for the brothers by a friend has far surpassed its original goal of $25,000, hitting approximately $125,000 in 8 days.
Click link for the rest of the story 


UPDATE

Homeless, 84-year-old war veteran twins helped by Veterans Affairs, donations from community

Homeless, 84-year-old war veteran twins say 'it's hell' after home foreclosed
FOX
Travis Fedschu
July 20, 2017

Clifford and Gary Koekoek, 84-year-old twins who've survived living under Nazi occupation and fighting in the jungles of Vietnam, are now in "hell" and sleeping in their car after a bank foreclosed on their California home in October.
Born in the Netherlands, Clifford and Gary grew up under Nazi rule before coming to the U.S., where the brothers worked in Hollywood and then served their new country at war. But the brothers told FOX 40 Sacramento nothing they've lived through compares to their current predicament.

"It's a lot of stress," Clifford said, holding back tears. "I’d rather go back to the war and get shot at, than this crap.”
read more here

Friday, December 4, 2015

WWII 90 Year Old Veteran Gets Back Home

WWII veteran buys his home back in time for holidays with stranger's help
Christian Science Monitor
By Beatrice Gitau Staff
DECEMBER 4, 2015

A stranger rallied a community around a World War II veteran who was evicted from his home to help him buy it back.

Johnnie H. Hodges Sr., 90, lost his home of 60 years in Buffalo, New York after being behind in his mortgage payments for years.

The Buffalo News published a story about Mr. Hodges’s situation in July when authorities physically removed him from his home after a local bank foreclosed on the house.

According to the paper, Hodge missed making his monthly mortgage payments while caring for his wife, Flora, who was ill and passed away last year.

Since then, dozens of people have been moved to help, some offering money and others shelter.

Despite not knowing Hodges, businessman Greg Elwood of Williamsville, New York, stepped in and established a GoFundMe online account to raise funds for the Navy veteran. To Mr. Elwood's surprise, more than $110,000 was collected in five months.
read more here

Tuesday, February 10, 2015

Banks Pay Back Troops After Foreclosures

Banks Issue $123 Million to 952 Troops for Illegal Foreclosures 
Military.com
Michael Hoffman
February 10, 2015
"These unlawful judicial foreclosures forced hundreds of service members and their families out of their homes," Acting Associate Attorney General Stuart F. Delery said in a statement.
More than 950 service members will receive over $123 million from a settlement announced Monday by the U.S. Justice Department with five mortgage servicers for non-judicial foreclosures in violation of the Service Members Civil Relief Act (SCRA).

Under the National Mortgage Settlement, 666 service members and their co-borrowers will receive $88 million from GMAC Mortgage, Citi, Wells Fargo and JP Morgan Chase. Another $35 million was already paid out to 286 service members and their co-borrowers from Bank of America.

The 952 service members will receive $125,000 plus any equity in the lost property and interest on that equity under the settlement from the lawsuit. 

Co-borrowers will receive compensation for any of their share of lost equity. A non-judicial foreclosure allows a bank or mortgage servicer to sell the home without having to file a lawsuit against the owner.

A "notice of default" is issued and the home is then sold at public auction.
read more here

Thursday, July 24, 2014

Seattle Mayor Standing Up For Disabled Vietnam Veteran in Eviction Fight

If you have not heard about what happened when a disabled Vietnam veteran was being forced to leave his home with his wife, here is the story with a video.Protestors put their bodies on the line for wheelchair bound veteran

Topping off these young men putting their bodies on the line for this veteran, the Mayor of Seattle has stepped up as well.
Seattle Mayor Stops Eviction of Disabled Vietnam Veteran
The Scanner
Written by Lisa Loving Of the Skanner News
Published: 23 July 2014

Seattle Mayor Ed Murray set an historic precedent last week by instructing city law enforcement to “stand down” from evicting a stroke-ridden Vietnam veteran from his underwater home.

The Occupy-related group Standing Against Foreclosure and Eviction (SAFE) and the Washington Community Action Network had spent weeks of focused organizing in support of the elderly homeowners, Byron and Jean Barton.

Byron Barton, a Vietnam veteran, had suffered a stroke that left him unable to walk and with a severe speech disability; the couple’s property had fallen into the hands of a mortgage trustee corporation – one that has been repeatedly sued for wrongdoing -- and went into foreclosure.

The deed for the Bartons’ West Seattle home had been snapped up at auction by mortgage trustees Quality Loan Service, who sold it to Triangle Property Development, who foreclosed on the couple and filed for the eviction.

The Bartons are currently suing Quality Loan Service as well as JPMorgan Chase, and had asked Triangle to suspend the foreclosure while the case remains in court.

The Bartons say Triangle Property Development responded to the lawsuit by fast-tracking the eviction rather than waiting to see the case’s outcome.

Chris Genese of Washington Can says activists supporting the Bartons have won a battle against foreclosure but the war itself continues.
read more here

Wednesday, March 12, 2014

Disabled Veteran's claim tied up, VA sues Veteran

UPDATE
VA responds to foreclosure on local veteran's home
My FOX Austin
March 19, 2014

The Veterans Administration Wednesday responded to questions about why the federal agency was foreclosing on a local army veteran's home. The letter arrived about 24 hours after the Natasha Taylor and her children were kicked to the curb.

Natasha Taylor spent Wednesday morning clearing away what's left of her children's Pflugerville dream home.

"I asked my kids when I got back from my last tour, I'm sorry there is nothing to make up for it, what do you all want from mommy and they said a house a trampoline," said Taylor.

Now that dream is gone. Taylor and her 2-year-old daughter are staying with her fiancé. Two other children, teenagers, are staying with a next door neighbor so they can still go to school. That neighbor is also keeping some of Taylor's property in her garage.
read more here
Veteran being sued by VA
KTBC FOX 7
Posted: Mar 11, 2014

A veteran and mother of three is being sued by the VA and now her Pflugerville home could be taken away. She says this comes after the VA took more than a year to approve her benefits and never back-paid her.

Natasha Taylor says the VA was asking her to make house payments, all while she wasn't getting the 80-percent benefits she was approved for because of a back-log of paperwork. Now she could be kicked out of her home as early as next week.

Natasha Taylor served more than 8 years in the U.S Army. She says instead of the VA honoring her service, they aren't doing anything at all.

"I did three tours in Iraq, all while I was a single mother. I gave them everything I had and for them to turn around and not help me," Taylor said.

Taylor was discharged from the military in September 2011 after a 15-month deployment because of a serious back injury.

Around three months later, she says the VA told her they were on back order for any disability pay. She contacted Wells Fargo about her mortgage loan through the VA but they said there was nothing they could do to help, so she paid as much as she could out of pocket.

"I was trying to make my payments, I even made partial payments. I still didn't get any help and my partial payments weren't given back to me," Taylor said.

Over the next two years she received two foreclosure notices by the bank for not being able to make payments. She then learned in October of 2013 that the VA was suing her.

It's been a constant struggle for the Army Veteran.
read more here

Sunday, October 27, 2013

Combat Wounded Kansas National Guardsman Faces Foreclosure

Iraq vet: Losing home ‘worse than getting blown up’
The Wichita Eagle
By Tim Potter
October 27, 2013

WELLINGTON — In 2007, Staff Sgt. Jerrod Hays lost nearly half of his face to a roadside bomb in Iraq.
Jerrod Hays of Wellington had nearly one half of his face blown away in Iraq when the armored Humvee he was riding in with three fellow soldiers got hit by explosions in an attack by the enemy, killing one and critically injuring the others in 2009. (Oct. 23, 2013) Mike Hutmacher/ The Wichita Eagle

Now, the 44-year-old Wellington man could lose his home to foreclosure.

“This,” Hays said of the prospect of losing his home, “is worse than getting blown up.”

In the attack south of Baghdad, he lost much of his lower jawbone, 22 teeth, a third of his tongue and one and a half fingers. He nearly lost his right arm and lost movement in a wrist. He lost the ability to see normally: He has to wear sunglasses outside and he has trouble seeing at night. Shrapnel remains peppered into his body. He suffers chronic pain.

Some of the damage is painful in a different way: He feels self-conscious about his facial scars.

“I still feel the stares,” he said.

He has grown a goatee over skin that the emergency room team saved after his jawbone was blown away. The goatee helps to hide the scars.

Because of his appearance, he is reluctant to venture from Wellington or Anthony, the towns where people know him best and he feels most comfortable.

In his kitchen the other day, he looked at a picture of himself in uniform before the blast changed his face. He had a handsome jawline.

“That ol’ boy is dead,” he said, peering at his pre-blast face. “He’s dead as a hammer.”
He had been a supervisor. He served in the Kansas National Guard for 26 years before retiring in August at the rank of sergeant first class. He led soldiers.

He said he and his wife, Nancy, take most of the blame for their mortgage trouble. They began missing mortgage payments a couple years ago. He said they always wanted to pay their bills, that they tried to catch up, make things right with the lender, but couldn’t.

The couple says his wounds have left him unable to work. She spends so much time helping him – “Nancy’s a better soldier than I am,” he says – she is unemployed.

Now, they are doggedly trying to modify their loan so they can hold onto the home where Cocoa, their pet Chihuahua, is buried in the back yard. Hays said the dog saved him and his family by boosting their spirits as he tried to recover. Cocoa would gently lick his scars. To Hays, the little dog also deserved a Purple Heart.

They said it could be too late to save the house, that they could lose their home any day. To their knowledge, no foreclosure day has been set. They don’t know how soon it could happen.

They didn’t talk publicly about their predicament until an Eagle reporter approached them, after indirectly hearing of their trouble. The reporter asked them to share their story.
read more here

Tuesday, September 10, 2013

Vietnam Vet lost his house over $134

How a $134 tax bill got an elderly Vietnam vet evicted
Washington Post
By Dylan Matthews
Published: September 9

The series begins with the plight of Bennie Coleman, an elderly Vietnam veteran who suffers from dementia. “He would forget to pay bills or buy food,” Sallah, Cenziper and Rich write. “His next-door neighbor would often bring him plates of chicken and carrots.”

In the summer of 2011, Coleman, then 76, was foreclosed upon and forced out of the home he’d lived in for two decades. The whole mess was started by a $134 property tax bill from 2006 — a paltry sum next to the $197,000 value of Coleman’s Northeast Washington home, which he owned outright. The city placed a lien on the property and sold the lien to investors. Those investors then imposed thousands in legal fees (featuring hourly rates of up to $450), interest on the original debt and other charges.
read more here

Tuesday, June 18, 2013

Bank of America whistle-blower’s bombshell: “We were told to lie”

Bank of America whistle-blower’s bombshell: “We were told to lie”
Bombshell: Bank of America whistle-blowers detail horrid schemes to fleece borrowers, reward foreclosures
Salon.com
(UPDATED)
BY DAVID DAYEN
JUN 18, 2013

Bank of America’s mortgage servicing unit systematically lied to homeowners, fraudulently denied loan modifications, and paid their staff bonuses for deliberately pushing people into foreclosure: Yes, these allegations were suspected by any homeowner who ever had to deal with the bank to try to get a loan modification – but now they come from six former employees and one contractor, whose sworn statements were added last week to a civil lawsuit filed in federal court in Massachusetts.

“Bank of America’s practice is to string homeowners along with no apparent intention of providing the permanent loan modifications it promises,” said Erika Brown, one of the former employees. The damning evidence would spur a series of criminal investigations of BofA executives, if we still had a rule of law in this country for Wall Street banks.

The government’s Home Affordable Modification Program (HAMP), which gave banks cash incentives to modify loans under certain standards, was supposed to streamline the process and help up to 4 million struggling homeowners (to date, active permanent modifications number about 870,000). In reality, Bank of America used it as a tool, say these former employees, to squeeze as much money as possible out of struggling borrowers before eventually foreclosing on them. Borrowers were supposed to make three trial payments before the loan modification became permanent; in actuality, many borrowers would make payments for a year or more, only to find themselves rejected for a permanent modification, and then owing the difference between the trial modification and their original payment. Former Treasury Secretary Timothy Geithner famously described HAMP as a means to “foam the runway” for the banks, spreading out foreclosures so banks could more readily absorb them.
read more here

Monday, May 20, 2013

Faked Mil Service Attempt to Cheat Mortgage

Feds: Faked Mil Service Attempt to Cheat Mortgage
May 20, 2013
Orlando Sentinel

No lie was too big to tell for an Orlando woman who wanted a new home in Pensacola, but didn't want to pay the mortgage for her Orlando home, federal officials said.

Chantal M. Lanton, 37, of Orlando is accused of falsely claiming to be an officer in the United States Air Force who was being deployed to Germany when she let her home loan go into default in February 2011.

She did so in an attempt to receive foreclosure-protection benefits that are available for service members, federal officials said.

Lanton never served in the Air Force or any other branch of the U.S. military, officials said.
read more here

Monday, March 11, 2013

Disabled Veteran Wrongly Hounded by Wells Fargo Dies in Court

Disabled Veteran Wrongly Hounded by Wells Fargo Dies in Court
Posted on Mar 10, 2013

A typo by banking giant Wells Fargo resulted in a more than two-year legal battle that came to a tragic conclusion in December when Larry Delassus’ heart stopped in a Los Angeles area courtroom and he died, a new LA Weekly report reveals.

Delassus, a disabled Navy veteran, didn’t do anything wrong to warrant the legal action Wells Fargo took against him—as LA Weekly noted, he didn’t even owe a penny in taxes. Instead, he was the victim of a typographical error that the big bank made and then would not correct even after it discovered the mistake.
read more here

Tuesday, March 5, 2013

Four Banks Seized Over 700 Military Homes

Reports: Four Banks Seized Over 700 Military Homes
Mar 04, 2013
UPI
Four large U.S. banks seized more than 700 homes of active-duty military personnel after the housing bubble burst, their reports to regulators say.

The New York Times reported Monday that Bank of America, Wells Fargo, JPMorgan Chase, and Citigroup uncovered hundress of cases of wrongful foreclosures of military personnel that occurred between 2009 and 2010.

The Federal Reserve and Office of the Comptroller of the Currency had ordered the largest mortgage lenders to hire independent consultants to review mortgages after the controversy erupted in 2010 over banks hiring so-called foreclosure mills to handle a mountain of delinquent loans.
read more here

Saturday, December 29, 2012

Veteran Gets Help Moving Decades of Memories From Foreclosed Home

Veteran Gets Help Moving Decades of Memories From Foreclosed Home
Dozens of friends and strangers helped the Gunn family move and store motorcycles, furniture, photos and more under a strict eviction deadline.
By Lolita Lopez and Samantha Tata
Friday, Dec 28, 2012

The Gunn family was evicted from their Perris home the day after Christmas, and had one hour on Friday to gather 42 years’ worth of personal belongings.

Tina Gunn – whose veteran husband, Justin, inherited the home from his parents – told her friend Laura Herzog about the looming eviction deadline, unaware that she would mobilize a group to help them gather up four decades of memories.

"I went to Facebook," Herzog said. "I called the Marines Corps. Those guys are amazing."

The founder of the non-profit organization, Honoring Our Fallen, felt compelled to lend a hand to a man who gave five years to the Army and another two decades to the National Guard.

"The fact that we are able to help them take all of their belongings so at least they have that, I can rest my head on a pillow tonight knowing that we did something good," Herzog said.
read more here and watch video report

Sunday, June 24, 2012

Twist and turns in WWII veteran's story

National outcry erupts over bankruptcy of 89-year-old Plains veteran
By VINCE DEVLIN
of the Missoulian

PLAINS – An 89-year-old widower and World War II hero, facing too many bills from his late wife’s 10-year battle with cancer, files for bankruptcy – but fails to list what is reported to be $66,000 worth of gold and silver buried in his yard as assets.

A national organization called Oath Keepers reports on its website that the bankruptcy court ordered the veteran to vacate his home outside Plains, but erroneously claims that he is also being forced to exhume his wife’s body from her grave on the property and move it.

Oath Keepers’ founder calls the attitude of the trustee in the case “brutal and callous” in a 29-minute video posted on the website.

The resulting uproar includes death threats against the trustee, a Bigfork attorney who has since filed a motion to vacate the sale of the veteran’s home, and requested a protective order from the court.

The case of Renn Bodeker has a lot of twists, turns and fallout.
read more here

Friday, November 4, 2011

Bank admits Iraq veteran foreclosed on in "error"

Bank admits error after couple claims home was illegally taken
By Daymond Steer
Nov 03, 2011 12:00 am
Further, the Drews say the debacle has impacted Travis Drew's health. He is an Iraq war veteran who suffers from Post Traumatic Stress Disorder. He retired from the Army in January.
EFFINGHAM — A major Wall Street bank is apologizing to a Maine couple who allege that the bank wrongfully claimed ownership of their second home on Green Mountain Road in Effingham. But the apology rings hollow for the Drew family.

Apparently, J.P. Morgan Chase & Co. confused a little red house, owned by Travis and Paula Drew, at 529 Green Mountain Road, for a no-longer-existent mobile home at 519 Green Mountain Road.

The structures were owned by different people even though they once shared the same lot. The confusion led the bank's agents to change the locks on the Drews' home and remove $14,000 worth of belongings from the property.

The Drews don't live in the Effingham house. They live in Stow, Maine.

Another entity, called EMC Mortgage, had foreclosed on a mobile home in 2002. The bank-owned mobile home burned down in 2007. EMC Mortgage became a part of Chase when Chase acquired Bear Stearns in 2008.

The bank, which was apparently under the impression it owned the mortgage on the Drew house, sent a contractor to maintain the property.
read more here

Friday, August 12, 2011

Day soldier came back from Iraq, he had no home to come back to

JPMorgan Chase Repurchases Soldier's Home Same Day He Returns From Iraq
The Huffington Post
Harry Bradford

In America today, even men and women returning from war can't expect their families to be exempt from the foreclosure crisis.

On the same day that soldier Aaron Collette returned from a tour of duty in Iraq to his father Tim's home in Bend, Oregon, that very house was bought back at auction due to foreclosure, local news KTVZ reports. According to ThinkProgess, a campaign by Senator Jeff Merkely (D-OR ) had delayed the foreclosure proceedings. But still, despite promising to work with the Collettes, JPMorgan Chase eventually went through with reportedly repurchasing the home.

Aaron and his dad are no different from the millions of people who have been foreclosed upon due to a crisis that has seen also affected numbers of military personnel.
read more here

Saturday, July 30, 2011

Veterans' homes slip away

Veterans' homes slip away

By DONALD L. BARLETT AND JAMES B. STEELE

The Philadelphia Inquirer

The Aguiars have lots of company. Veterans have always faced daunting problems in finding jobs, obtaining promised benefits, and meeting other challenges when they reenter civilian life. But to those problems has been added the fear of losing their homes. The Fort Myers-Cape Coral region, home to about 60,000 veterans, is a microcosm of what is happening to former service people all over America.

After the Second World War, returning veterans were welcomed home to two of the most successful government initiatives ever - the FHA and VA housing programs - which put millions of them into their own homes for the first time.

Today, later generations of veterans are being confronted by much different housing policies - ones that can toss them out of homes they've bought with their life savings.

John Aguiar is a veteran of the Gulf War, a former intelligence analyst for the Army who took part in Operation Desert Storm in 1990 when U.S. forces brought Saddam Hussein to heel after he invaded Kuwait.

Aguiar and his wife, Syrena, built a house in Cape Coral, Fla., after relocating from Chicago to be nearer her parents. Using proceeds from the sale of their Chicago house, they bought a lot in a new subdivision in the Cape, a middle-class suburb across from Fort Myers in southwest Florida.
read more here
Veterans homes slip away

Wednesday, July 13, 2011

Iraq vet files class action suit against CitiMortgage

Iraq vet files class action suit against CitiMortgage
By Leigh Remizowski @CNNMoney July 12, 2011: 8:07 PM ET

NEW YORK (CNN) -- An Iraq war veteran has filed a class action suit against CitiMortgage, accusing the unit of Citigroup of illegally foreclosing on his home while he served in the Army National Guard.

Sgt. Jorge Rodriguez filed a lawsuit in Manhattan federal court on Friday alleging that CitiMortgage violated the Servicemembers Civil Relief Act, a federal law that protects military members from foreclosure while they are on duty.

CitiMortgage initiated foreclosure proceedings against Rodriguez, whose home was in Del Valle, Texas, while he was in training at Fort Hood in February 2006, according to his lawyer, Scott. A Bursor.
read more here
Iraq vet files class action suit against CitiMortgage

Saturday, July 9, 2011

Chase Bank to welcome home soldier with foreclosure

One thing is clear. If you read this blog, you care about them. Doesn't matter if they are veterans of past wars to today's wars, you wouldn't read these posts if they didn't matter to you. How many times have you read a post and wished you could have done something to help? Here's your chance.

Chase Bank, under pressure from the media and the public seemed to be willing to do the right thing for the sake of Aaron Collette but according to Change.org, they must have changed their minds on what is right and what is wrong. You can help make a difference on this story. I signed it.


In one month, soldier Aaron Collette will return from Iraq for two weeks’ leave. By the time he does, he won't have a home -- and neither will his family.


Tim Collette, Aaron's dad, did everything right. He put $100,000 down on his home in Bend, Oregon, when he purchased it in 2006.

In 2008, after the economic crisis devastated his small flooring and countertop business, Tim realized he needed a loan modification and went to Chase Bank for help.

Chase told him he had to miss two payments to qualify for a loan modification. But once Tim did that, they began foreclosure proceedings instead of helping him.

Local non-profit Economic Fairness Oregon has been helping Tim stand up to Chase, but they need a surge in public support right now to save his home. Please sign their petition to help Tim and his family keep their home.

Banks across the state -- and country -- are taking advantage of homeowners in Tim’s situation all the time. Economic Fairness Oregon is pushing state legislators to pass a bill that will address the housing crisis and help people like Tim stay in their homes.

In the meantime, Tim needs public support to pressure Chase to stop the foreclosure.

When news of this story broke earlier in June after Senator Merkley spoke about it on the Senate floor, Chase agreed to delay the foreclosure and told the press they'd work to find a solution for Tim and his family.

But as soon as media attention faded, Chase called Tim and rescheduled the foreclosure for August 9 -- just 10 days before Aaron returns from Iraq.

Every day that this issue is not resolved Aaron has to worry about his family and where they'll live even as he’s risking his life in Iraq.

Sign here to tell Chase that we're still watching and urge them to honor their promise to find a solution for the Collette family:

Save Aaron Collette Home

Thanks for taking action,

- Jess and the Change.org team

Friday, June 10, 2011

Solider ready to die for country told by JP Morgan Chase lose home

Homeless homecoming: Bank refuses to delay foreclosure on home of soldier returning from Iraq
By DANIEL BATES
Last updated at 9:33 PM on 10th June 2011

When Tim Collette’s son Aaron comes home from serving in Iraq, he wants nothing more than to welcome him into their home with open arms.

There is just one problem - they won’t have a home.

Mr Collette’s bank has decided to foreclose on the property in Bend, Oregon, even though it means Aaron, 20, will have nowhere to go.

After being made to jump through hoops for a year, the bank will now force him out later this month, weeks before his son is due to return home for two weeks’ leave.

The eviction will be in breach of the law which bans banks from foreclosing on the families of serving soldiers, but JPMorgan Chase will carry on regardless.

‘I just want him to come home and know he can be safe for 15 days,’ Mr Collette said.

‘I don't want him thinking about coming home and having it not be there.’

The nightmare with JPMorgan Chase bank began back in 2008 when Mr Collette, who had been making regular payments on his mortgage, asked for financial help.

read more here
Bank refuses to delay foreclosure on home of soldier

Friday, May 27, 2011

180 troops will share in a settlement of more than $22 million

Banks settle for $22M in SCRA foreclosures case
By Karen Jowers - Staff writer
Posted : Thursday May 26, 2011 17:57:49 EDT
About 180 troops will share in a settlement of more than $22 million that was reached with two lenders who allegedly wrongfully foreclosed on the service members’ homes without obtaining court orders, in violation of the Servicemembers’ Civil Relief Act, the Justice Department announced May 26.

“This will send a strong message to lenders and servicers that they will be held accountable” for protecting service members’ rights, said Thomas Perez, assistant attorney general for the Justice Department’s Civil Rights Division.

Troops “have our backs and they need to know we have theirs,” Perez said.

BAC Home Loans Servicing LP, previously known as Countrywide Home Loans Servicing LP, a subsidiary of Bank of America Corporation, will pay $20 million. That’s an average of $125,000 for each of the approximately 160 service members who lost their homes to foreclosure between January 2006 and May 2009, Perez said. The consent order was filed in U.S. District Court in the Central District of California in Los Angeles on May 26.

In the second settlement, Saxon Mortgage Services will pay $2.35 million, an average of $130,555 to each of 17 service members allegedly foreclosed on between January 2006 and June 2009 without court orders.
read more here
Banks settle for $22M in SCRA foreclosures case