BLOG: Big Banks To Attend DE Foreclosure Workshops
By Jim Donovan: Delaware Attorney General Beau Biden has announced that eight of the nation's largest mortgage lenders will be attending workshops his office is organizing to help Delawareans who are at risk of losing their homes to foreclosure.
Scheduled for June 25 in New Castle, and June 26 in Milford, the workshops are offered to facilitate loan modifications, reduce foreclosures, and provide information to help residents stay in their homes and avoid foreclosure fraud.
Homeowners will have the opportunity to meet fact-to-face with their lender to discuss repayment options or to address other questions they may have about their mortgage loan. Counselors will also be on-hand to review government programs and provide important information about how to avoid mortgage rescue schemes and other scams that target homeowners.
Walk-ins are encouraged. Workshops will take place as follows:
Monday, June 25
3:00 – 8:00 p.m.: Meetings with loan servicers
8:00 p.m.: Educational session
Location: William Penn High School, 713 East Basin Road, New Castle, 19720
Participating Servicers: Bank of America, Chase, Citi, GMAC, HSBC, Ocwen, Wells Fargo
Tuesday, June 26
2:00 – 8:00 p.m.: Meetings with loan servicers
7:00 p.m.: Educational session
Location: Milford Library, 11 Southeast Front Street, Milford, 19963
Participating Servicers: Bank of America, Citi, Freddie Mac, GMAC, Ocwen, Wells Fargo
Homeowners who wish to meet on-site with their mortgage servicer should bring information about current income and details about their current mortgage, including loan number, monthly payment, interest rate, and loan balance.
In addition to the services provided at the June workshops, Biden also reminded property owners who lost their homes to foreclosure between January 1, 2008 and December 31, 3011 and whose mortgage loan servicer was Bank of America, Chase, Wells Fargo, Citi, or Ally (GMAC) that they may be eligible for a cash payment as a result of an 18-month investigation of banks' fraudulent mortgage servicing practices.
Delawareans who have questions about the June 25 and 26 workshops or would like to learn more about the relief they may be entitled to receive as a result of the national mortgage servicing investigation should call the Attorney General's Mortgage Hotline at 1-800-220-5424, e-mail mortgage@state.de.us, or visit www.attorneygeneral.delaware.gov.
