Help for Military Families Forced to Sell at Loss

The economic rescue bill enacted into law includes a provision to help military families forced by deployment or other eligible circumstances to sell their houses at a loss in today's down market. Under the provision, the federal government will cover 95 percent of a loss. The law applies to service members with mortgages entered into before July 1, 2006. An online resource from the U.S. Department of Defense can help your members learn if their client is eligible for the assistance.