VOLUNTEER OPPORTUNITY: Sign up now for Xcel Energy Day of Service on Sept. 10 (More Information)

Colorado To Get $205M In Foreclosure Relief

DENVER (AP) — Colorado Attorney General John Suthers says Colorado will get about $205 million as part of a multi-state settlement with the nation’s five largest national banks over home foreclosures.

Suthers said Thursday the agreement will help homeowners hurt by improper mortgage and foreclosures by the banks. The state will also get some of the money for housing-counseling, legal services for distressed homeowners and promotion of loan-modification opportunities.

Under the agreement, customers of the banks who lost their homes to foreclosure between Jan. 1, 2008 and Dec. 31, 2011, may be eligible for restitution.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Denver

JonBenét Ramsey Docuseries
DAY OF SERVICE

Listen Live

AM/FM Stations

Featured Shows & Multimedia