1,000 Residents to get Mortgage Assistance
Two major banks announce assistance for underwater Prince William County homeowners at a VOICE event.
Bank of America and JP Morgan Chase executives announced Sunday night that almost 1,000 Prince William County, Manassas and Manassas Park homeowners will qualify for help through the $26 billion National Mortgage Settlement. The announcement came during a packed rally organized by the interfaith group Virginians Organized for Interfaith Community Engagement (VOICE) at First Baptist Church in Manassas. Five banks, including Bank of America and JP Morgan Chase, and the attorneys general of 49 states agreed on the $26 billion settlement in February related to charges of negligent foreclosure practices. Today, residents heard what that settlement means for their own homes and the community. As part of the national settlement, Andrew D. Plepler…
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Nick Whitten
8:07 am on Thursday, June 7, 2012
Sharon again, personal responsibility...you lay it all out there and then put a giant "but" on the end, negating all the facts you so perfectly stated. There is no but, and no surprise its minorities that make up the majority of those getting this "bale out". No matter how you slice it it boils down to, "oh wait, because I had no idea what I was getting into now I can't afford my home, oh well … more ›