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Use AG settlement to help struggling homeowners

Use AG settlement to help struggling homeowners

Sunday, February 26, 2012
Richmond Times Dispatch

By: CLYDE ELLIS AND NANCY MCDONALD LADD On Sunday afternoon, Feb. 19, the Virginia House Appropriations and Senate Finance committees failed our state's struggling homeowners. Faced with a decision about how to spend the $69 million in cash due Virginia from the National Mortgage Settlement negotiated by the 50 states' attorneys general, Virginia legislators released budgets that would divert these funds to fill budget gaps and finance pet projectsinstead of helping the thousands of families and communities devastated by foreclosure across the commonwealth.