Ninety Day Foreclosure Stay for Veterans

Good news for veterans facing foreclosure! Effective January 1, 2011, if you are a veteran and a defendant in a foreclosure suit, you have the right to request a 90-day stay of the foreclosure proceedings. In order to qualify for the 90-day stay, you must have been deployed at some point in the 12 months preceding the foreclosure suit. Moreover, your deployment must have been for combat or for a combat-support posting.

So long as you meet those requirements, the court must grant you a 90-day stay. Any other rights you have as a veteran will not be affected. With any luck, 90 days may be enough to get you back on track with your mortgage payments or work out a loan modification!