Wilmington – Seven of the nation’s largest mortgage lenders will meet with Delaware homeowners who face the loss of their homes during statewide workshops next week, Attorney General Beau Biden announced today. Scheduled for March 19 in Wilmington and March 20 in Dover and 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.
“Hundreds of homeowners have discussed repayment options with their lenders and addressed other questions about their mortgage loan during previous workshops we have held throughout the foreclosure crisis,” Attorney General Biden said. “Even though the number of foreclosures is down, thousands of Delaware homeowners are behind in their mortgage payments and are at risk of foreclosure. I urge homeowners who are worried about missing mortgage payments to attend and meet with their lender or a housing counselor and learn about the many services available to them.”
Since 2009, Biden’s office has sponsored more than two dozen workshops with lenders. 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:
Tuesday, March 19
3:00 – 7:00 p.m.: Meetings with loan servicers
4:00 p.m.: Educational session
Location: Chase Center on the Riverfront, 815 Justison Street, Wilmington
Participating servicers: Bank of America, Citi, HSBC, JP Morgan Chase, M&T, Ocwen (GMAC), Wells Fargo
Wednesday, March 20
10:00 a.m. – 1:00 p.m.: Meetings with loan servicers
11:00 a.m.: Educational session
Location: Outlook at the Duncan Center, 500 West Loockerman Street, Dover
Participating servicers: Bank of America, Citi, JP Morgan Chase, Ocwen (GMAC), Wells Fargo
Wednesday, March 20
4:00 – 7:00 p.m.: Meetings with loan servicers
5:00 p.m.: Educational session
Location: Milford Senior Center, 111 Park Avenue, Milford
Participating servicers: Bank of America, Citi, JP Morgan Chase, Ocwen (GMAC), 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.
The workshops have been organized by the Attorney General’s office of foreclosure prevention and financial education. Part of Biden’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 March 19 and 20 workshops should call the Attorney General’s Mortgage Hotline at 1-800-220-5424, e-mail mortgage@delaware.gov, or visit www.attorneygeneral.delaware.gov.
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