Loretta Sanchez Blasts Illegal Forecloses on Homes of Military Members

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There has been a lot of talk around the country about homes being illegally foreclosed upon. For instance, the word on the streets of Oakland right now is that greedy banks are specifically targeting the houses of African Americans. But such stories have gone from rumors to, well, legitimate stories when it comes to America's fighting forces in Iraq and Afghanistan. The Office of the Comptroller of the Currency recently released data that indicates nearly 5,000 military members may have been improperly foreclosed upon. And that frosts a certain Orange County congresswoman on the House Armed Services Subcommittee on Strategic Forces.

"Hardworking people all across the country have been the victim of improper foreclosure, but this recent epidemic of wrongful military foreclosures is particularly atrocious," says Rep. Loretta Sanchez (D-Garden Grove) in a statement her office issued this morning.

"Soldiers have an extra layer of legal protection in mortgage lending, thanks to legislation that restricts foreclosure of properties owned by active-duty members of the military," Sanchez notes. "I will fight for these nearly 5,000 service members who have been wronged. They deserve to get their homes back where possible and deserve monetary damages in cases where the home has been sold. While our troops fight for us abroad, they should not have to worry about losing their homes stateside. We must ensure that justice is served."

Real justice would involve putting unscrupulous bankers in the civilian equivalent of a brig--not that that will ever happen.

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2 comments
Steve
Steve

Maybe to make it up to them she could invite them to her halloween party next year.

20ftJesus
20ftJesus

It's always been a puzzlement why the US didn't pursue a Japanese-like solution and offer homeowners (I use the term loosely) an extended term on their mortgage as an option to foreclosure.  Sure, the deadbeats would have walked anyway, but at least they couldn't go crying at some Occupy camp.

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