Soldiers Impacted by Struggling Economy, Foreclosures in Miami

When it comes to fighting foreclosure in Miami and elsewhere in South Florida, members of the military are being disproportionately impacted. A recent article in the Sacramento Bee highlighted the nationwide issues involved when Wall Street greed targets those serving our country in the military.

Miami Foreclosure Defense Attorney Bruce Jacobs is a member of “Max Gardner’s Army,” a group of nationwide defense attorneys sharing cutting-edge strategies and information in real time. Our firm is dedicated to assisting members of the military deal with foreclosure. Issues can include loss of income as a result of being called to active duty or as the result of a spouse being killed while serving overseas. In other cases, divorce, credit card debt or medical bills may be an issue. And in still other cases members of the military may have fallen victim to the same predatory lending practices that have impacted thousands of other struggling South Florida homeowners.
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The Bee reports foreclosures rose 32 percent during the last three years in ZIP codes near military bases. That compares to 23 percent nationwide.

The Servicemembers’ Civil Relief Act is meant to protect active-duty military personnel from civil lawsuits during military service. Advocates for members of the armed services say it has not always been honored by banks, mortgage companies and their attorneys.

Nearly half the calls to a veteran’s hotline in Atlanta in the first 9 months of 2010 were from veterans asking for financial help with housing issues.

If you are a member of the military or a veteran looking for foreclosure help in Miami, contact Jacobs Keeley for a confidential appointment to discuss your rights. Call (305) 358-7991.