Wilmington – Attorney General Beau Biden announced today that several of the nation’s largest mortgage lenders will participate in workshops his office is organizing next week to help Delawareans at risk of losing their homes to foreclosure. Scheduled for November 14 in Georgetown and Milford and November 15 in New Castle, the workshops are offered to facilitate loan modifications, reduce foreclosures, and provide information to help residents stay in their homes and avoid foreclosure fraud.
“When homeowners are at risk of losing their home they should be able to connect with someone at their bank to make things right,” Biden said. “Our workshops streamline that process by giving homeowners the opportunity to meet fact-to-face with their lender to discuss repayment options and other questions they may have. Homeowners who are worried about missing mortgage payments or face foreclosure should attend and get connected to the many services available to them.”
Since 2009, Biden’s office has sponsored more than two dozen workshops with lenders across the First State. Homeowners who have missed mortgage payments, are facing foreclosure, or suspect foreclosure fraud can receive immediate on-site help from housing professionals. At each workshop, mortgage servicers, state employees, and HUD-certified housing counselors will discuss mortgage modifications, government homeowner programs, and foreclosure scams.
Walk-ins are encouraged. Workshops will take place as follows:
Wednesday, November 14
First State Community Action Agency, 308 N. Railroad Avenue, Georgetown
11 am – 2 pm: Meetings with loan servicers
12 Noon: Educational session
Participating servicers: Bank of America, CITI, GMAC, Homeward Resolution, M&T Bank, Ocwen, PHH, Wells Fargo
Wednesday, November 14
The Milford Senior Center
111 Park Avenue, Milford
5 – 8 pm: Meetings with loan servicers
6 pm: Educational session
Participating servicers: Bank of America, CITI, GMAC, Homeward Resolution, Ocwen, PHH, Wells Fargo
Thursday, November 15
Sheraton Wilmington South, 365 Airport Road, New Castle (next to I-95 and Airport Road)
10 am – 2 pm, and 4 -7 pm: Meetings with loan servicers
6 pm: Educational session
Participating servicers: Bank of America, CITI, GMAC, Homeward Resolution, M&T Bank (until 5 pm), Ocwen, PHH, Wells Fargo, IndyMac, One West, Chase
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.
The workshops have been organized by the Attorney General’s office of foreclosure prevention and financial education. Part of the Attorney General’s Consumer Protection Unit, this office is a key point of contact for consumers and is equipped to advise homeowners on their rights at every stage of the foreclosure process and direct them to available resources and information they need to make educated decisions.
Delawareans who have questions about the November 14 and 15 workshops should call the Attorney General’s Mortgage Hotline at 1-800-220-5424, e-mail mortgage@delaware.gov, or visit www.attorneygeneral.dev.gic.dos.state.de.us.
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