D'Ellis Home Team
6108 Tallsman Dr. NW Albuquerque, NM 87120
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Buying, selling, investing or renting homes, land, or apartments, or relocating to Albuquerque or New Mexico....we can help!
Protection Against Foreclosures for Clients Serving in War
U.S. Civil Relief Act protects military against foreclosures and credit card debts.
If any of you or your family, especially first-time buyers, are serving in the military, they have special protection against foreclosures under the Soldiers' and Sailors' Civil Relief Act. Under the Act, military personnel may postpone principal payments on mortgage debts if necessary, and in some circumstances, may stop foreclosure actions.
The Act also requires lenders to lower interest rates on debts to 6 percent while the service member is on active duty. That includes all credit card debts.
