Foreclosures

Foreclosures

Attorney General Biden, Legislators, Advocates Mark Launch of New Foreclosure Mediation Program

Wilmington, DE - January 19, 2012 - (RealEstateRama) -- Attorney General Beau Biden was joined by a bipartisan coalition of legislators and advocates today to mark the launch of Delaware’s mandatory foreclosure mediation program. The program, which becomes operational Thursday, was established last year as part of a legislative package developed by Biden’s office and legislators to respond to the foreclosure crisis in Delaware. It is modeled after successful programs in other states and jurisdictions, including the City of Philadelphia and the state of Connecticut.

Housing Workshops Offered June 17 and 18 to Help Homeowners Facing Foreclosure

Wilmington, DE - June 17, 2011 - (RealEstateRama) -- The Attorney General’s Mortgage Fraud Task Force is sponsoring free statewide housing workshops on June 17 in Georgetown and Dover and June 18 in Wilmington to help Delawareans who are at risk of losing their homes to foreclosure. The workshops, which are sponsored in conjunction with the State Bank Commissioner and Delaware State Housing Authority, are offered to facilitate loan modifications, reduce foreclosures, and provide educational information to help residents stay in their homes and manage debt

Attorney General Biden, Lawmakers Unveil Bipartisan Response to Foreclosure Crisis

Dover, DE - March 17, 2011 - (RealEstateRama) -- Attorney General Beau Biden and bipartisan coalition of legislators unveiled five bills today to respond to the home foreclosure crisis in Delaware and help the economy grow . Recent years have seen a record pace of foreclosures in Delaware, with more than 22,000 foreclosure filings since 2007. The state is expected to see another record year in 2011, surpassing the 2010 mark of 6,400 filings.

Attorney General’s office joins multistate review of bank foreclosure practices

Wilmington, DC - October 18, 2010 - (RealEstateRama) -- Attorney General Beau Biden announced that his office is participating in a coordinated national effort by state Attorneys General and state mortgage regulators to investigate the foreclosure review and verification procedures used by the mortgage servicing industry. Officials from 50 states have joined together to review allegations that affidavits or other documents used in foreclosure proceedings were improperly submitted as well as other issues regarding irregularities or abuses by mortgage lenders and loan servicers. Last week, Biden urged Bank of America, JP Morgan Chase, and Ally Financial to suspend foreclosure proceedings while they review their foreclosure procedures and announced that his office is reviewing the banks’ foreclosure practices. Bank of America responded two days later by halting foreclosure proceedings in all 50 states

Biden reacts to Bank of America’s decision to suspend foreclosures nationwide

Wilmington, DC - October 11, 2010 - (RealEstateRama) -- Attorney General Beau Biden, who on October 5th called on Bank of America, JP Morgan Chase, and Ally Financial to stop foreclosure actions in Delaware amid questions about their foreclosures procedures, made the following statement following Bank of America’s announcement today that they are suspending foreclosure proceedings nationwide:

Biden calls on three banks to halt Delaware foreclosures

Wilmington, CO - October 6, 2010 - (RealEstateRama) -- Attorney General Beau Biden has called on three banks to stop foreclosure actions in Delaware amid questions about their foreclosures procedures. The banks have announced they are delaying foreclosure proceedings in 23 other states while they review whether their staff signed foreclosure documentation in thousands of cases without verifying the accuracy of those documents

Carper, Kaufman Announce $5 Million Grant to Stabilize Delaware Neighborhoods Hard Hit by Foreclosure

WASHINGTON, D.C. - September 10, 2010 - (RealEstateRama) -- Today, U.S. Senators Tom Carper and Ted Kaufman (both D-Del.) announced $5 million in funding to help reverse the effects of the foreclosure crisis in Delaware. The funding was made possible through the U.S. Housing and Urban Development's (HUD) Neighborhood Stabilization Program and will provide targeted emergency assistance to state and local governments to acquire, redevelop or demolish foreclosed properties.

New Foreclosure Grants Available

February 26, 2010 - (RealEstateRama) -- Delaware State Housing Authority (DSHA) Director Anas Ben Addi today announced that a new program, the “Homeownership Grant Assistance Program” (GAP), is available to assist homeowners facing foreclosure. The $1 million grant program, a partnership between DSHA and the Department of Health and Social Services, is funded through the American Reinvestment and Recovery Act (ARRA). Eligible homeowners can receive up to $5,000 in the form of a grant to save their home from foreclosure. The program will be offered while funding remains available up to September 30, 2010

State Housing Grant Helps Communities Hit Hardest Foreclosures

NEW CASTLE, DE - December 16, 2009 - (RealEstateRama) --Gov. Jack Markell, New Castle County Executive Chris Coons and other government and non-profit leaders to announce the county’s Neighborhood Stabilization Program will use a state grant to purchase and rehabilitate foreclosed and abandoned homes

Attorney General’s Mortgage Fraud Task Force supports August housing workshops to help homeowners and...

Wilmington, DE - August 14, 2009 - (RealEstateRama) -- The Attorney General’s Mortgage Fraud Task Force is supporting two August workshops sponsored by Delaware non-profit housing agencies. These workshops, in Georgetown and Newark, are designed to help homeowners who are worried about missing a mortgage payment, are facing foreclosure, or suspect a foreclosure scam. The FREE workshops are as follows

June housing workshops serve more than 200 Delawareans; State agencies to sponsor additional workshops...

Wilmington, DE - July 8, 2009 - (RealEstateRama) — Today the Attorney General’s Mortgage Fraud Task Force, Office of the State Bank Commissioner, and Delaware State Housing Authority announced that statewide housing workshops offered last month connected more than 200 homeowners with on-site mortgage counseling and government services. They also announced additional housing workshops in July and beyond.

Sen. Carper Presses Treasury To Use Leverage To Help Struggling Homeowners

WASHINGTON, DC - June 24, 2009 - (RealEstateRama) — As part of ongoing efforts to stabilize the housing market and ensure banks and loan servicers are being held accountable, Sen. Tom Carper (D-Del.) joined 19 other senators in signing a letter sent to U.S. Treasury Secretary Timothy Geithner today urging him to develop and implement a strategy requiring banks and loan servicers participating in the Administration’s foreclosure prevention programs to effectively respond to qualified homeowners seeking assistance

State Announces Foreclosure Mitigation Initiative and Homeownership Month

June 17, 2009 - (RealEstateRama) — Governor Jack Markell today signed a proclamation officially declaring June as “Delaware Homeownership Month”. To help celebrate the First State’s ongoing commitment to homeownership, Governor Markell also announced the Foreclosure Mitigation Initiative – formed through a partnership among federal and state governments, local jurisdictions, legislators, financial institutions, housing counselors, and other for-profit and nonprofit organizations. The Initiative consists of three basic ideas

City of Wilmington Commits Funds to Delaware Emergency Mortgage Assistance Program

October 09, 2008 - (RealEstateRama) — The City of Wilmington has fulfilled its commitment to assist with the funding of the Delaware Emergency Mortgage Assistance Program (DEMAP) by presenting a check in the amount of $100,000 to Delaware State Housing Authority (DSHA).

Bill would help shore up foreclosure crisis

DE - August 11, 2008 - (RealEstateRama) — When a Delaware home is lost through foreclosure, it is not just one family’s private tragedy — it weakens our neighborhoods and our communities, too. With more than 4,000 Delaware properties in foreclosure, our state is now part of a national housing crisis that threatens the foundations of our economy.

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REAL ESTATE MORTGAGE NETWORK, INC. EXPANDS MID-ATLANTIC PRESENCE WITH FIRST DELAWARE...

WILMINGTON, DE - June 8, 2011 - (RealEstateRama) -- Real Estate Mortgage Network, Inc. (REMN), a national mortgage lender based in River Edge, N.J., is pleased to announce the opening of its latest branch in Wilmington, DE. As REMN’s first branch in the state of Delaware, this new location will help the company better service the needs of region’s home buyers and real estate professionals, including those that live or work in and around the southeastern Pennsylvania, southern New Jersey and eastern shore of Maryland areas, including the regions surrounding Philadelphia and Camden

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DSHA Increases Rental Assistance in Areas of Opportunity

To ensure that all Delawareans have more choice of where to live, the Delaware State Housing Authority is increasing available rental assistance in Areas of Opportunity across the state, allowing families with housing vouchers to move closer to employment centers, quality schools and high-growth housing markets.