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September 6, 2013     Cape Gazette
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September 6, 2013

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]]1 I !111 ', 52 FRIDAY, SEPTEMBER 6 - MONDAY, SEPTEMBER 9, 2013 BUSINESS & REAL ESTATE Cape Gazette fro I I lawa reans benefit The Delaware Attorney Gen- ment resolved allegations of trial modifications that have not eral's Office announced recently widespread mortgage servicing yet been finalized. that more than 3,000 Delawar- misconduct, including robo-sign- This past June, as part of last eans are receiving direct fmancial ing of foreclosure documents by year's national mortgage settle- benefits from last year's historic those banks, ment, 1,500 Delawareans who settlement with the nation's five The independent monitor ap- lost their homes to foreclosure largest, mortgage banks, pointed by the states and federal began receiving checks in the "The direct financial benefits govemment to review the banks' mail. Eligible Delawareans were that Attorney General Biden progress in meeting their ob- those individuals who had a secured for Delaware from mort- ligations under the settlement mortgage serviced by one of gage banks through the national announced recently that 1,297 the five participating banks, lost settlement, along with our state's Delaware families have benefited their home between 2008 and recently extended foreclosure from the settlement through June 2011 and submitted a valid claim mediation program, are helping 30, 2013. form. The checks, which typi- thousands of Delaware families The settlement terms Biden cally totaled $1,480, were paid by avoid foreclosure," said Chief and others secured last year the five participating banks to Deputy Attorney General Ian require the banks to reduce former homeowners as a result McConnel. "In addition, the at- principal on mortgage loans, of mortgage servicing abuses the torney general and his team have extinguish second lien mort- banks may have committed. helped secure compensation gage loans, waive deficiencies in In January 2012, as part of a for Delawareans for mortgage short sales, and provide refinanc- sustained state response to the servicing abuse that happened ing to so-called "underwater" national housing crisis, Biden's in the past and have established homeowners who are unable to office launched the Delaware tough new national servicing refinance because they owe more Mortgage Mediation Program, standards to prevent future abu- than their homes are worth. In which requires lenders to have sive servicer conduct." total, these principal reductions, a meaningful face-to-face con- In February of last year, Biden, refinancing and other benefits versation with borrowers about 48 other attorneys general and for the 1,297 Delaware home- alternatives to foreclosure before the federal government reached owners now total more than $72 a foreclosure filing can proceed. a $25 billion settlement with five million, according to the moni- Through legislation championed of the nation's largest mortgage tor's report, this spring by Biden, the media- banks including Ally (former- Another 425 Delaware home- tion program was extended four ly known as GMAC), Bank of owners are in the process of additional years to 2018. America, Citi, JPMorgan Chase receiving an estimated $30 mil- The 2012 national mortgage and,Wells Fargo. The settle- lion more in benefits through settlement also required the OUR 2ND LOCATION SAT. GRAND OPENING OCT. 5 12-3PM -,-Inr;e'q" D the Florida Institute of Technol- ogy with a bachelor of science in civil engineering. With more Secker Morgan Group than eight years of experience in welcomes Jeremy [, the4ndustry, Walbert previously worked as the senior project Walbert engineer at an architectural and Jeremy I. Walbert, PE, has engineering firm that serves the joined Becker Morgan Group as Mid-Atlantic Region. Walbert's an associate/structural engineer experience with Becker Morgan in the Salisbury, Md. office. The Group includes a variety of proi- addition of Walbert allows the ects inChestertown, Md Easton, firm to further enhance client Md Cambridge, Md Ocean services by offering structural City, Md Millsboro and Dover. engineering capabilities in- Celebrating 30 years, Beck- house. Walbert is a graduate of er Morgan Group provides the University of Colorado at architectural and engineering Boulder with a master of sci- services. The firm has offices in ence in civil engineering with Delaware, Maryland and North a concentration in structural Carolina. For more information, engineering and graduated from visit CAMEL()T NEW CONSTRUCTION SUSSEX EAST t D ove r about ESGR Outreach Programs, or ESGR volunteer opportuni- ties, call 800-336-4590 or visit Continued from page 5i ESGR is a Department of De- Owned by Dover Downs Gam- ing & Entertainment, Inc. Dover fense office established in 1972 tO Downs Hotel & Casino is a pre- develop and maintain employer mier gaming and entertainment support for Guard and Reserve resort destination in the Mid-At- service. ESGR advocates relevant initiatives, recognizes 6utstand- ing support, increases awareness of applicable laws, and resolves conflict between service mem- bers and employers. Paramount to ESGR's mission is encourag- ing employment of guardsmen and reservists who bring in- tegrity, global perspective and proven leadership to the civilian workforce. For more information lantic region. Gaming operations consist of approximately 2,500 slots and a full complement of table games including poker. The AAA-rated Four Diamond hotel is Delaware's largest with 500 luxurious rooms/suites and amenities including a full-service spa/salon, concert hall and 41,500 square feet of multiuse event space. For more information, go to )Visit us online at: www. RYAN CLASS 302-236-9037 R~ - 3 BR, 2 BA home w/porch and sunroom. New construction w/ all warranties. Open plan w/ breakfast bar, uptJraded appliances. Community has pool and provides ~2ow removal and grass cutting. Never lived Shed included. Reduced to $79,900 (MLS #590878) 17 Whitehaven Way - Well-kept home in 55+ community w/community center & pool. Local to everything at the beach, restaurants, historic Lewes, Boardwalk & Cape Henlopen State Park. 1 car garage. Tankless water heater! Reduced $74,900 (MLS# 599096) mortgage banks to implement mortgage relief provided by the hundreds of improvements to five settling banks under the their operations, especially in terms of the national mortgage customer service. Biden's of- settlement and Delaware-spe- rice insisted that protections for cific relief for each of the banks military members be included in is posted on the independent those requirements, monitor's website at www.mort- Additional details about the We can make Buying or Selling Remax Realty Group 317 Rehoboth Ave. Rehoboth DE. Office: 302-227-4800 LARGE HEALTH FOOD MARKET NOW OPEN IN REHOBOTH Come Meet Our Favorite Local Vendors Behind Bin 66 on Rt. 1 Open Daily 9 to 7 Sunday 10 to 6 302-226-3276 WWW.BAYSIDEHOM ESALES.COM DELAWAREMODU LARBEACH HOMES.COM BAYSIDE HOMES LLC 18389 Olde Coach Dr Suite 6, Rehoboth Beach 302-545-2030 Lochwood - 3 BR 2 BA Cape local to everything. Proect will be started in June 2013. Unfinished upstairs with over 900 sq. ft. of available building area. Nice private lot. 2 car garage included. Open floorplan, model is available to view as a ranch at our office behind Panera Bread. Stainless Appliances, Hardwood Floors. Call me with questions or to reserve and select colors $249,900 2 Coventry Lane - Nice, three bedrooms, 2 baths, fireplace, large screened porch. All appliances. $64,900 (MLS# 599223) 29 Candlelight - Worry-free beach house, local to the beach, Cape Henlopen State Park, outlets, fine dining, grocery stores & more. 2 bedroom, 1 bath singlewide, All appliances, storage shed, sunporch wag. windows. All for only $20,000. (MLS 601986) Have land, looking for a beach home, replacing an older mobile??? We have the largest selection , of floorplans at the Beach for Manufactured and Modular Homes Single.wides, Double wides, Ranch, Cape Cads, 2 Storys. With over 30 years of experience in Sussex County and the beaches. 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