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U.S. House Passes Perriello's Bill to Help Veterans Avoid Foreclosure

  • Tuesday, March 30, 2010 19:47
    Message # 318108
    Deleted user

    U.S. House Passes Perriello's Bill to Help Veterans Avoid Foreclosure

    Tuesday, March 30, 2010 9:46 AM EDT


     


    Washington, DC-Today, the U.S. House passed by an overwhelming bipartisan majority (415-4) Congressman Tom Perriello's bill to prevent mortgage lenders from foreclosing on a veteran's home after their service. H.R. 3976, the Helping Heroes Keep Their Homes Act of 2009, would reauthorize home-foreclosure protections so that mortgage companies cannot foreclose on a veteran's home within nine months after the end of military service. If Congress does not act, these protections would expire at the end of the year. Rep. Perriello's bill extends the protections for another five years.

    "Homeownership is a touchstone of the American Dream. Nobody deserves these protections against foreclosure more than those who have fought for our country. This is a commonsense bill that gives our veterans the protections they deserve, and I'm grateful for the overwhelming bipartisan support from my colleagues," said Rep. Perriello.

    The Iraq Afghanistan Veterans of America, the Veterans of Foreign Wars, the American Legion, and the U.S. Department of Defense support H.R. 3976.

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