Foreclosure Protection for Military Members Extended Through December 31, 2015

At the end of 2014, Congress extended for one more year a provision in the federal Servicemembers Civil Relief Act (SCRA) that was set to expire on December 31, 2014.

At the end of 2014, Congress extended for one more year a provision in the federal Servicemembers Civil Relief Act (SCRA) that was set to expire on December 31, 2014. That provision provices protection to military members from foreclosure if they took out a mortgage before going on active duty. If that was the case, then the lender cannot foreclose on the servicemember's home during military service or within one year after leaving active service. There are a few exceptions -- the court can order otherwise or the lender can get a written waiver from the servicemember. This particular foreclosure protection has been extended through December 31, 2015. If Congress does not act to extend the deadline again, then on or after January 1, 2016 a military member will get this protection during service and up to 90 days after service (rather than one year).

To learn more about the SCRA and other foreclosure protections, including those that apply when the servicemember gets a mortgage during active duty, see the articles in Foreclosure and the Military.