Military Members Target Countrywide Over Foreclosures

Law360, New York (January 30, 2012, 7:28 PM EST) -- Members of the U.S. military on Friday launched a class action against Countrywide Home Loans in South Carolina federal court, accusing the lender of prematurely foreclosing on their homes.

U.S. Army Specialist Young G. Lee, on behalf of a class of active service members, said Countrywide foreclosed on his Florida condominium in 2008 in violation of the Servicemembers Civil Relief Act, which limits foreclosures on the homes of active service members.

The SCRA prohibits the sale, foreclosure or seizure of property purchased by an active service member,...
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