Desert Sapper
06-12-2009, 10:12 PM
Link (http://www.defenselink.mil/news/newsarticle.aspx?id=54747)
Law Gives Military Renters More Protection Against Foreclosures
By Army Sgt. 1st Class Michael J. Carden
Special to American Forces Press Service
WASHINGTON, June 11, 2009 - President Barack Obama's latest efforts to look after home renters gives military members additional protection if the homes they rent are foreclosed, a Defense Department official said today.
The president's Protecting Tenants at Foreclosure Act of 2009 was signed into law on May 20. The legislation ensures that renters aren't forced out of their homes if foreclosure occurs and a new landlord takes over.
Renters in every state now have more time to find new homes. The new law greatly benefits the military, as the vast majority of active duty servicemembers rent homes throughout the United States, said Army Col. Shawn Shumake, director of legal policy in the Pentagon's personnel and readiness office.
Good news for those that are having trouble.
Law Gives Military Renters More Protection Against Foreclosures
By Army Sgt. 1st Class Michael J. Carden
Special to American Forces Press Service
WASHINGTON, June 11, 2009 - President Barack Obama's latest efforts to look after home renters gives military members additional protection if the homes they rent are foreclosed, a Defense Department official said today.
The president's Protecting Tenants at Foreclosure Act of 2009 was signed into law on May 20. The legislation ensures that renters aren't forced out of their homes if foreclosure occurs and a new landlord takes over.
Renters in every state now have more time to find new homes. The new law greatly benefits the military, as the vast majority of active duty servicemembers rent homes throughout the United States, said Army Col. Shawn Shumake, director of legal policy in the Pentagon's personnel and readiness office.
Good news for those that are having trouble.