204020 Resource 125800 125888 125888 1210724714579 1210936781789 Controlled The Little Blog That Could

CBS and CNN visit the Eastern CT Real Estate Blog

<img alt="Military Foreclosures" hspace="6" src="http://farm3.static.flickr.com/2047/2491102868_1baa1eb8c7_m.jpg" align="left" vspace="2" border="0" /> Several months ago I wrote a blog post called <a id="aqpr" title="Military Foreclosures" href="public/item/182592" target="_blank" goog_docs_charindex="138">Military Homeowners Face Foreclosure</a>.  I wrote it after meeting with several military families stationed at the Submarine Base in Groton. The subject troubled me because these families, in service to our nation, were being transferred from the Groton area, but unlike corporate transferees did not have the same protection with a "loss on sale" or other typical corporate benefits.  Since I wrote that post I've worked with more military families facing the same predicament.  As I mentioned in the previous post, any military family who bought a home since 2005 and is now being transferred is facing a dismal situation especially if they used a 100% mortgage product, like VA or the Veteran's Choice program offered by the local Navy Federal Credit Union. With prices flat and inventory building, these families are most likely looking at a loss after paying their seller closing costs.  It didn't seem right and I ended the post with the question...... shouldn't there be a military relocation program similar to that of civilians?  The blog post went pretty much unnoticed until today, when within 30 minutes of each other, I received a call from a senior producer at CNN and a producer with the CBS Evening News with Katie Couric.  And while it was pretty cool to talk to them both, they really were calling to see if I knew of any military personnel facing foreclosure who would be willing to talk to them. I'm hoping that the stories they produce call attention to the problem.  I think it is a story that deserves to be told beyond where my little blog can reach.If you are a military family facing foreclosure and would like to tell your story, please contact me and I will put you in touch with the big guys. 10 application/xml false Groton Submarine Base Military foreclosures Mozilla/4.0 (compatible; MSIE 6.0; Windows NT 5.1; SV1; .NET CLR 1.1.4322) 127.0.0.1 127.0.0.1 ldavis 71.235.20.152 false true false false true 205810 false false true false false false true 125800 blog blogsite/CTRelocation/web