Motivated by the story of Jacob McGreevey, the longtime Marine who lost his Vancouver home to foreclosure, Rep. Kurt Schrader, D-Oregon, has introduced a bill strengthening active-duty soldiers' protections against banks and other creditors. A New Jersey lender repossessed McGreevey's house in 2010 between his third and fourth tours of duty in the Middle East despite a federal law that prohibits creditors from taking collections actions against active-duty soldiers.

Foreclosure News



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