State Bar Gets $329K for Foreclosure Prevention Assistance
West Virginia legal services organizations providing foreclosure prevention help to indigent residents are getting a boost from a federal settlement with the Bank of America.
The West Virginia State Bar says it has received $329,000 from the settlement with the U.S. Justice Department.
Anne Werum Lambright chairs the state bar's Interest on Lawyer Trust Accounts Committee. She says the settlement involved residential mortgage-backed securities and other conduct related to the housing crisis several years ago.
She says the money can help provide counsel to people facing foreclosure today. Also, organizations involved in community redevelopment can request money to support legal work for their projects.