Today our Nation stand together and salute our “Fallen Heroes”. They have given a priceless sacrifice for our freedom and those from around the world. We salute and thank them and their families.
Last week it was announced that Bank of America and Morgan Stanley will pay for the U.S. allegations that they illegally foreclosed on military families. Service members that are serving on active duty have become victims of Financial Institutions and some who have suffered serious injuries while in combat have been foreclosed illegally.
There is a line you just do not cross
For the past several years Banks have continually been accused of taking people’s homes by fraud. As bad as this sounds, they crossed a line that many will not forgive. They have made a mockery and have abused our Troops in a way that nobody in their right mind will do. My views are shared by other U.S. Veterans from around the country. Banks can not get away with this throwing a few dollars to the victims and thinking that by doing such – this will go away. Not only have they insulted the “foreclosed Military Families” but they have also insulted the Nation.
The men and women who serve the Nation deserve better. Banks can no longer go around thinking that they are “above the law” and that no one will challenge them. They simple have crossed a line that will not be tolerated. No family should have to take any more abuse from this “greedy people”. Time is changing and the people are saying “enough is enough”.
While giving each victimized family a “Mickey Mouse settlement” it will never give back what they took away from them. As a victim myself, I can tell you of the untold pain and suffering that goes with an illegal foreclosure, not to mention the pain that they brought to the families who have to worry about their loving ones serving in arms way. SHAME ON THE BANKSTERS!
Service members Civil Relief Act
The Service members Civil Relief Act (SCRA), formerly known as the Soldiers’ and Sailors’ Civil Relief Act (SSCRA), is a federal law that provides protections for military members as they enter active duty. It covers issues such as rental agreements, security deposits, prepaid rent, eviction, installment contracts, credit card interest rates, mortgage interest rates, mortgage foreclosure, civil judicial proceedings, automobile leases, life insurance, health insurance and income tax payments.
The greedy financial institutions have gone too long without prosecutions. They clearly have broken the law of the land and now more than ever prosecutors need to enforce the law against those abusing our service members and their families. Simple accepting settlement money is not enough. Prosecutions must follow. Our “freedom fighters” with their dependents need to have full assurances that this will never happen again.
Compensate other victims
Families around the Nation are upset that nothing has been done with their complaints on the illegal foreclosures. It is time that the “criminals” pay for their crimes. The looting of homes must stop. Today more than ever, victimized homeowners are coming together and are demanding that their voices be heard. The housing, foreclosure crisis will not get better, rather it will continue to keep our economy down, unless the issue is properly fixed.
no2housingcrime 