Attorney General Strange Awards Mortgage Settlement Funds

By: News Release
By: News Release

MONTGOMERY—Attorney General Luther Strange today announced the six recipients of nearly $4 million that his office is awarding through the National Mortgage Settlement Funding Program. The money is being distributed to governmental entities or charitable organizations for projects to mitigate and prevent ill effects of the foreclosure process for Alabama consumers.

Legal Services Alabama will receive $1,119,730 for its Alabama Foreclosure Assistance Project to provide free civil legal representation to up to 6,000 low-income families facing foreclosure or other mortgage-related issues.

Gateway will receive $1,095,356 to provide financial counseling, pre-and post- purchase housing counseling, foreclosure prevention, reverse mortgage counseling, and consumer outreach.

The Woodlawn Foundation, Inc., will receive $500,000 for its homeowner rehabilitation program to provide rehabilitation services to existing homeowners who are potentially facing foreclosure.

The Alabama Center for Dispute Resolution will receive $500,000 for its Alabama Statewide Foreclosure Prevention Mediation Program to train mediators throughout the state in foreclosure mediation and provide about 300 to 500 foreclosure mediation.

The Women's Fund of Greater Birmingham will receive $440,000 for its Stepping In to Homeownership project, a three-phase plan that includes a public awareness campaign a matched financing program and a collaborative effort with other organizations to provide housing and workforce development services.

The University of Alabama School of Law will receive $210,870 for a Foreclosure Relief Project, based upon its similar project for tornado relief, which will provide legal services free of charge while teaching six to 10 law students each semester.

These funds were made available by Strange’s participation in last year’s $25 billion joint federal-state agreement with the nation’s five largest mortgage services over foreclosure abuses and fraud, and unacceptable nationwide mortgage servicing practices.

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