Countrywide and Saxon, two home mortgage lenders, settled with the Department of Justice with regards to alleged violations of the Servicemembers Civil Relief Act (SCRA) for wrongfully foreclosing upon active duty servicemembers. The two lenders agreed to pay more than $22 million in monetary relief for the victims of their misconduct. The two lenders were accused of foreclosing on and taking the homes of these active duty members without first obtaining court orders, as required by the SCRA in these cases. The Justice Department wants all servicemembers to know that the agency is on the lookout for instances of mortgage fraud and wrongful foreclosure against military families. Servicemembers who believe they may be victims of this type of misconduct by these lenders may contact their military legal assistance providers and/or the Justice Department at 1-800-896-7743, mailbox 6 for Countrywide or 1-800-896-7743, mailbox 995 for Saxon. If a servicemember or family believes they may have been victimized by another lender or by another type of misconduct relating to your mortgage, you may contact the Justice Department’s enforcement of the SCRA and the other laws protecting servicemembers at www.servicemembers.gov.
Carlos L. McDade, Esq.