Login  /  Register  | 3 premium articles left before you must register.

State homeowners gain debt relief

Published November 21. 2012 4:00AM

Nearly 3,000 Connecticut borrowers have received about $185 million in debt relief from a national mortgage-foreclosure settlement, according to state Attorney General George Jepsen.

The Commercial Record reported that the total doesn't include refinancing of several hundred additional Connecticut mortgages, as well as $72 million in loan modifications for state homeowners.

Jepsen said relief, from a $25 billion national pool, came much quicker and in larger quantities than expected. The average mortgage reduction totaled about $65,000.

Connecticut borrowers had originally expected $155 million in various forms of relief.

"I'm very pleased and encouraged that we are exceeding those estimates," Jepsen said.

News by Town

Most Recent Poll
How far from home will you travel for Thanksgiving this year?
I'm just driving five to 10 minutes down the road to a relative's home.
I've got a little bit of a drive but I should be able to do it in less than an hour.
I'm leaving the state, but will make the trip by car.
I've got to fly to get where I'm going.
I'm shunning my family and friends and staying home this year.
Number of votes: 893

No current items found