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Statute of Limitations on Foreclosure for Servicemembers

I had some of my real property foreclosed before I entered military service. I am worried that the statute of limitations for reclaiming my property will run while I am on service. What does the SCRA say about this?

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The SCRA takes care of this situation in Section 516. This section prevents the period of military service from being included in determining the period provided by law for redemption of real property.

Published on BankingQuestions.com 10/22/08