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If I got drafted into the military, would I lose my house? |
I bought a house, 2 years ago. I am now 20 years old, almost 21. Of course, I don't fully own it yet, I have a mortgage that I pay every month. So if I got drafted into the military, I would lose it, right? Not necessarily. You can take advantage of your rights under the Servicemembers Civil Relief Act (SCRA), which was passed in 2003 [see Link 1, 搂533]. If your annual income is considerably reduced, you can apply in writing to the mortagee for an adjustment to your mortgage for the period you are on active duty plus 90 days. A court can stay foreclosure proceedings and/or adjust the mortgage payment. yes, if you got drafted you would lose your house. You would also see the start of World War 3 and the end of civilization as we know it, so your house would be the last thing on your mind. You might. Well, they would only have a draft if McCain got elected, and started the war he wants against Iran. No, you still get paid while you are in the military. You could even rent it out for extra money while you were away. AND, there is no draft at the present time, so don't worry so much. If they started the draft(which I don't see on the horizon) they would probably included protections for people in your situation. You may not have noticed, but the draft ended in 1975. So I'm going to say that the chances of you getting drafted are pretty slim. Why would you lose it? No.... just make sure the house payment is made every month. First... we need a draft..... |
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