Delaware homeowners get federal mortgage help
Almost $60-million in federal benefits have been paid out to more than a thousand Delawareans who suffered during the recent housing crisis.
Attorney General Beau Biden says $57.4-million came to the state as a result of the national mortgage foreclosure settlement that his office, and other attorneys general across the country reached last year with the country's five largest mortgage banks.
In addition to the homeowners already receiving benefits, another 346 homeowners are set to receive $22.7 million in benefits.
These homeowners have either already been offered mortgage modifications and are deciding whether to accept the terms, or have accepted the terms and are in a trial period.
Copyright © Oct 26, 2014, WDEL/Delmarva Broadcasting Company. All Rights Reserved.
Advanced permission from Delmarva Broadcasting Company required for publication or rebroadcast.