New Hampshire Attorney General Michael Delaney says homeowners hoping to benefit from a settlement over foreclosure abuses may have to wait several months to receive assistance.
The state is expected to get $43.6 million under the settlement among 49 states and the five largest mortgage lenders. It was announced in February.
The Telegraph of Nashua reports Delaney spoke Monday at a presentation at Saint Anselm College. He said those funds haven’t yet reached the state as the settlement has been caught up in paperwork.
He said the five affected banks are starting to review applications. They are Bank of America, Citigroup, JP Morgan Chase, Wells Fargo and GMAC/Ally Financial.
State figures say more than New Hampshire 3,000 families have lost their homes to foreclosure since 2008.
Topics Homeowners
Was this article valuable?
Here are more articles you may enjoy.
Washington Commanders Player Scores Workers’ Compensation Win 
Farmers Embrace AI More Than Any Other Tech, McKinsey Says 
New York Contractor Charged with $160K Workers’ Comp Insurance Fraud 
Insurance Companies Join Letter to Push TPLF Disclosure in Federal Courts 
