Wednesday, September 16, 2009 - 2:53am
Mortgage mediation program launched
Updated Wednesday, September 16, 2009 - 3:26am
If you're a Delaware homeowner facing foreclosure, you could be helped by a new program that sets up talks between mortgage lenders and borrowers.
Representative John Kowalko, a Newark-area Democrat, helped put together the
Residential Mortgage Foreclosure Mediation Program, which sets up a court-brokered
negotiation process. Audio Here
Kowalko says the program, established by an administrative directive signed by
Superior Court President Judge James Vaughn, won't cost taxpayers or state government
money.
Homeowners who'd like to take part in the program can call the state Attorney
Genrral's office Foreclosure Hotline at 1-800-220-5424 or go to deforeclosurehelp.org.
Copyright © Jul 29, 2010, WDEL/Delmarva Broadcasting Company. All Rights Reserved.
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