~ New Law Restores Prohibition Against Foreclosing During First Year After Returning from Active Duty ~
WASHINGTON, D.C. – (RealEstateRama) — President Barack Obama has signed into law the Senate companion of Congressman Alan Grayson’s (D-FL09) “Servicemember Foreclosure protections Extension Act of 2015,” which protects veterans from having their homes foreclosed on for one year after their return from active duty. This protection had elapsed at the end of 2015. The “Foreclosure Relief and Extension for Servicemembers Act of 2015” (S. 2393) extends the protection for two years.
“I am grateful that the President agrees that our veterans need and deserve protection when facing financial hardship,” Congressman Grayson said. “Our veterans have so many adjustments to make when they come home from active duty. They shouldn’t have to worry that banks are going to look for the first opportunity to take their homes away. This bill reinstates a critical provision to provide some peace of mind for our servicemen and women as they return to civilian life.”
Called “the most effective member of the House” by Slate Magazine, Congressman Grayson has had 24 amendments passed by the House in the 114th Congress (2015-2016), and had more amendments passed in the 113th Congress than any other member of the House.
Congressman Alan Grayson represents Florida’s 9th Congressional District, which includes Osceola County, as well as parts of Orange and Polk counties.
