President Obama extends SCRA Protection Period

President Obama has signed Senate Bill 3008, the Foreclosure Relief and Extension for Servicemembers Act of 2014, into law, extending the 12-month, post-discharge, protection period of SCRA (Servicemembers Civil Relief Act) for another year through December 31, 2015.

A court may stay proceedings to enforce an obligation on real or personal property owned by the service member for one year after a service member’s military service and any sale, foreclosure, or seizure of such property shall be invalid without a court order or waiver agreement signed by the service member.