29 Oct '15, 2pm

1,461 troops to get money for wrongful foreclosures via @MilitaryTimes @BankofAmerica #BofA #WellsFa…

1,461 troops to get money for wrongful foreclosures via @MilitaryTimes @BankofAmerica #BofA #WellsFa…

A reduced price home has a foreclosure notice taped to the front door. A total of 2,413 service members are eligible to share in a settlement of more than $311 million from five mortgage servicers because the troops' homes were foreclosed upon without following the rules outlined the Servicemembers Civil Relief Act. (Photo: MARK RALSTON/AFP/Getty Images) 173 CONNECT 40 TWEET 53 LINKEDIN 2 COMMENT EMAIL MORE Nearly 1,500 additional service members will receive compensation for wrongful foreclosures on their homes, Justice Department officials announced. The new announcement brings to 2,413 the total number of service members who are eligible to share in a settlement of more than $311 million from five mortgage servicers: JP Morgan Chase, Wells Fargo, Citi, GMAC Mortgage and Bank of America. Justice officials are wrapping up most of their work identifying the service members...

Full article: http://www.militarytimes.com/story/military/benefits/2015...

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