Justice Department Settles with Bank of America and Saxon Mortgage for Illegally Foreclosing on Servicemembers

WASHINGTON, DC – May 26, 2011 – (RealEstateRama) — The Justice Department today announced settlements with two lenders under the Servicemembers Civil Relief Act (SCRA) to resolve allegations that the lenders wrongfully foreclosed upon active duty servicemembers without first obtaining court orders, in violation of the SCRA. Combined, the settlements provide more than $22 million in monetary relief for the victims