USDOJ: Service Members to Receive $39 Million for Violations of the Servicemembers Civil Relief Act
"The Justice Department announced today that under its 2011 settlements with BAC Home Loans Servicing LP, a subsidiary of Bank of America Corporation, and Saxon Mortgage Servicing Inc., a subsidiary of Morgan Stanley, 316 service members whose homes were unlawfully foreclosed upon between 2006 and 2010 are due to receive over $39 million in monetary relief for alleged violations of the Servicemembers Civil Relief Act (SCRA)."
The foreclosure mill just grinds along, using the courts to steamroll over middle class home owners who believed all that American Dream stuff about putting your wealth into real estate. Here we hundreds of unlawful foreclosures on members of the US military. It's good that something was done about it. But to call this the tip of the illegal foreclosure iceberg is gross understatement.