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SCRA can help veterans with foreclosures
Submitted by hsoria on Wed, 10/29/2008 - 12:20pm.
Thursday, October 30, 2008

The Servicemembers Civil Relief Act (SCRA) is a 2003 revision of the Soldiers' and Sailors' Civil Relief Act, passed by Congress in 1940. The SCRA includes several provisions that help to alleviate the legal and economic burdens of U.S. military personnel.

You Walk Away, LLC, is a San Diego-based company that helps families who face home foreclosures. It has instituted a new program called the Military Walk Away Protection Kit, intended to help servicemembers who may be facing economic hardships at home.

This protection kit helps active-duty personnel who have received home loans to stave off foreclosures, by preventing lenders from taking legal action for a specified period of time. This allows military personnel to re-negotiate with lenders to lower their current payments, or opt for a preset interest rate of 6 percent or lower, thereby avoiding foreclosure and possible economic disaster during an already difficult time.

"The SCRA is literally never mentioned as an option for people on active military duty, which is unfortunate, as this is an important benefit for military families," says Chad Ruyle, principal and co-founder of You Walk Away. "We created our program as a way to not only publicize this option for military personnel, but to also offer aid to a spouse or family looking for alternatives. Often, our team can help negotiate terms on their behalf by lowering their loan to a set 6-percent rate, saving their home, and their economic future."

For more information on the Military Walk Away Protection Kit, call (877) 878-9255 or visit the You Walk Away Web site

---------------------------Brandon , Maybe ya could let this stay till later, so our Vets, & Active Servicemen could read, Then Move it to the Board of Choice--geo.PS came off of American Legion Newsletter, but be sure it ain't a Scam--geo.
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