A June 26 workshop aims to help distressed homeowners understand how they might benefit from Maryland’s $1 billion mortgage settlement. Maryland Attorney General Douglas Gansler entered into that landmark settlement with the nation’s five largest mortgage servicers back in February, after an extensive investigation of bank abuses.
Who should attend Tuesday’s workshop? You could be eligible for different types of relief if you made mortgage payments to the following five banks: Ally/GMAC, Bank of America/Countrywide, JPMorgan Chase/WaMu, and WellsFargo/Wachovia. Even if you did not, you may be able to take advantage of resources at this event if you face foreclosure.
The workshop will let you work one-on-one with housing counselors and lawyers to determine if you qualify for any benefits, and to develop an action plan. Certain homeowners will qualify for loan modifications and refinancing at “historically low interest rates,” according to a flier advertising the workshop. If you lost your home to foreclosure, you could be eligible to receive between $1,500 and $2,000.
More detailed information about the settlement and eligibility for benefits is available on the Attorney General’s website here. Attorney General Gansler is hosting the workshop along with Senator Catherine Pugh, and Delegates Frank Conway Jr., Barbara Robinson and Shawn Tarrant. For more information about the workshop, call 410-576-6956.
The event will take place:
Tuesday, June 26
Poly-Western High School
4600 Falls Road, Baltimore, MD 21209