Delaware Attorney-General Beau Biden wants all banks to look over their mortgage practices in light of what happened at J.P. Morgan Chase and their foreclosure of some military family mortages.
The banking giant admitted it over charged many military families with fees and even implemented foreclosure on 14 families nationwide.
Biden says that under the federal Servicemembers Civil Relief Act mortgages won’t go higher than 6% and foreclosures are put on hold.
He says any families who are concerned about their mortgages can attend one of two workshops being put on by the Delaware Attorney-General’s office. They will take place January 27th from 3-7 at the Senior Center in Milford or Friday the 28th at the Chase Center in Wilmington from 1-7pm. Anyone can attend these forums. If you have questions you can click on the highlighted link above in this story or call the foreclosure hotline at 1-800-220-5424.