Attorney General Beau Biden has announced that several of the nation’s largest mortgage lenders will participate in a workshop his office is organizing Wednesday, Nov. 14, in Georgetown, to help Delawareans at risk of losing their homes to foreclosure.  The workshop is 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 at the workshop, when meetings with loan servicers is slated from 11 a.m. to 2 p.m., with an education session set for noon.  The workshop will take place at First State Community Action Agency, 308 N. Railroad Avenue, Georgetown. Participating servicers will be Bank of America, CITI, GMAC, Homeward Resolution, M&T Bank, Ocwen, PHH and 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 workshop has 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 workshop should call the Attorney General’s Mortgage Hotline at 1-800-220-5424, e-mail mortgage@state.de.us, or go to www.attorneygeneral.delaware.gov.