A soldier in the National Guard recently filed a lawsuit against his home lender alleging that the company illegally foreclosed and auctioned his house while he was preparing to deploy to Iraq. If true, the bank may have violated the Servicemembers Civil Relief Act (SCRA). According to the lawsuit, the National Guardsman did not learn that his home had been foreclosed on until he redeployed. Several other banks have recently admitted to such violations of the SCRA. J.P. Morgan Chase did so in January and referred to the violations as one of the biggest embarrassments of the financial crisis. Bank of America recently settled a lawsuit for $20 million that was filed by the Justice Department for similar conduct.
If you are in the military and face a foreclosure in the Tampa area, be sure to contact our Tampa military attorney.