AG awards grant to help with foreclosures

By The AP
Thursday, June 30, 2011

DENVER — Colorado Attorney General John Suthers has awarded the Colorado Foreclosure Hotline a $600,000 grant to help homeowners avoid foreclosure over the next two years.

Suthers says the grant will be funded from the fines and penalties his office has recovered through settlements with Countrywide Financial Corporation and Wells Fargo to resolve allegations related to mortgage fraud.

Suthers says the Hotline’s four-member team receives about 3,000 calls per month. He says more than 140,000 Coloradans have called the hotline since it was set up in 2006.