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SAD - 20,000 servicemembers, vets lost homes in 2010

Saturday, February 5, 2011 13:47

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Jim Kelly

Patriot Freedom

www.patriotfreedom.org

20,000 servicemembers, vets lost homes in 2010

“The willingness with which our young people are likely to serve in any war, no matter how justified, shall be directly proportional to how they perceive veterans of early wars were treated and appreciated by our nation.”

-George Washington-

Foreclosure rate in zip codes near military bases increased 32%

By Gregg Zoroya – USA Today-Jim Kelly- Patriot Freedom
Posted : Thursday Feb 3, 2011

More than 20,000 veterans, active-duty troops and reservists who took out special government-backed mortgages lost their homes last year — the highest number since 2003.

The rate of foreclosure filings in 2010 among 163 zip codes located near military bases rose 32 percent over 2008, according to RealtyTrac, a foreclosure research firm. This compares with a 2010 increase in foreclosures filings nationally of 23 percent over 2008.

The housing crisis has hit military families particularly hard in part because CONTINUED HERE

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