Rep. Sanchez blasts banks for illegally foreclosing on U.S. service members

Congresswoman Loretta Sanchez, Representing California’s 47th Congressional District
PRESS RELEASE, FOR IMMEDIATE RELEASE: November 30, 2011

MEDIA CONTACT: Adrienne Watson, 202-309-0825

REP. SANCHEZ RESPONDS TO REPORTS THAT BANKS HAVE ILLEGALLY FORECLOSED ON NEARLY 5,000 SERVICE MEMBERS

WASHINGTON, D.C. – Congresswoman Loretta Sanchez (CA-47), senior member of the House Armed Services Committee, released the following statement in response to news that several banks may have foreclosed illegally on the homes of thousands of active-duty military members currently fighting in Iraq and Afghanistan. Data recently released by the Office of the Comptroller of the Currency indicates that nearly 5,000 military members may have been improperly foreclosed upon.

“Hardworking people all across the country have been the victim of improper foreclosure, but this recent epidemic of wrongful military foreclosures is particularly atrocious,” said Sanchez. “Soldiers have an extra layer of legal protection in mortgage lending, thanks to legislation that restricts foreclosure of properties owned by active-duty members of the military. I will fight for these nearly 5,000 service members who have been wronged. They deserve to get their homes back where possible and deserve monetary damages in cases where the home has been sold. While our troops fight for us abroad, they should not have to worry about losing their homes stateside. We must ensure that justice is served.”

Congresswoman Loretta Sanchez is proud to represent California’s 47th Congressional District, which includes the cities of Anaheim, Garden Grove, Santa Ana, and parts of Fullerton in Orange County. She serves as Ranking Member of the House Armed Services Subcommittee on Strategic Forces and a senior member of the Committee on Homeland Security. Rep. Sanchez is also a member of the fiscally conservative Blue Dog Coalition and sits on the bipartisan, bicameral Joint Economic Committee.

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United States House of Representatives
1114 Longworth House Office Building • Washington, DC 20515
Phone: 202-225-2965 • Fax: 202-225-5859

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