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As the home foreclosure crisis sweeps across America, military and financial aid groups say they are hearing from a rising number of troops who say they are falling behind on their mortgage payments and struggling to keep their homes.
“The Army as a whole has seen an increase in soldiers and families seeking assistance for mortgage foreclosures,” says Army Lt. Col. Anne Edgecomb, an Army spokeswoman, citing data from branch legal offices trying to advise soldiers.
Neither the Pentagon nor the Department of Veterans Affairs track the number of military families facing foreclosure. Numbers of mortgage delinquencies are kept, however, by USAA, a San Antonio-based financial services company that serves military members and their families. The company declined to release figures, saying in a statement only that “we have seen an increase.”
The VA and financial counseling services say they are hearing from more servicemembers fighting to stave off foreclosure. In the current crisis, 1.2 million foreclosures have occurred nationwide.
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