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I originally posted this in the Northern Virginia sub-forum but thought it might help someone more in this forum.
Just got this in one of the NMFA updates I received and wanted to make sure this information gets passed around...
"Protection for Renters Whose Landlords Default: As discussed last week in the Government and You E-News, President Bush signed “The Housing and Economic Recovery Act of 2008” into law. Several agencies have acted quickly to implement these beneficial provisions. A new change to the Joint Federal Travel Regulations (JFTR) authorizes the military to pay to move service members and their families whose landlords default on property the military members are renting. The change is retroactive to July 30, 2008. The federal regulation change is designed to help service members forced to relocate locally when landlords default on their mortgages. It does not apply to military members who own their own homes and default on their loans.
Service members who believe the new JFTR change may help them are encouraged to contact their housing or administrative officers. In addition, all service members and families should take advantage of free legal and financial counseling offered at all military installations and through Military OneSource at Military OneSource.
I wish this was in place about a year ago.
At least its there now.
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