Military Families - Are They A Poor Risk?

In a recent article I referred to that appeared on Fox and Friends regarding military families and foreclosures they mentioned that the foreclosure rate among military might be four times the national average. That number probably came from the Bloomberg Report and reporter Kathleen M. Howley that came to that conclusion based on information supplied by an independent organization RealtyTrac, which tallies bank seizures, auctions and default notices.

Uh, not so fast. In an article in Navy Times, reporter Karen Jowers took a different look and came to different conclusions. She also highlighted with interviews with service members that in fact the opposite might be true in some places, just like it is in the public sector. Nevada is one of the leading states with foreclosures, while New Hampshire, not so much.


Congressman Bob Filner from California also stated in that same article that the "government" isn't doing very much but according to the VA, since 2000, they have helped almost 74,000 Veterans and Active Duty homeowners to refinance and keep their houses. I do applaud his effort to extend the protection by the Servicemembers' Civil Relief Act.

I know here at USA Cares, in just 2007, we saved over 190 homes from foreclosure and currently working on 54 with a value of well over $6 million. We all have to do our part.

Roger