President Obama recently signed into law the "Honoring America's Veterans and Caring for Camp Lejeune Families Act of 2012". This act extends foreclosure protection for active duty service members.
Under the current "Service Members Civil Relief Act" a service member is protected from foreclosure while on active duty and for 9 months after discharge or retirement. This act was scheduled to expire at the end of 2012.
With the signing of the new act, active duty members are protected from foreclosure while on active duty and for 9 months after the end of active duty. On February 2, 2013 the protection will be extended to 1 full year after active duty ends.
On January 1, 2015 the foreclosure protection for active duty members will revert back to 2008 levels which is protection for 90 days after active duty ends.
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