News
11:48 am
Wed February 15, 2012

Occupy Delaware Condemns Mortgage Foreclosure

    Delaware Attorney General Beau Biden's decision to sign a mortgage settlement with five banks over alleged foreclosure abuses is not setting well with some Delaware residents.

     Newark resident Bernard August, a member of Occupy Delaware, says in his opinion, the deal does more to protect banks than homeowners.

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     Attorney General Biden signed the settlement last week, after several revisions were made. Occupy Delaware condemned the settlement, arguing that Delaware foreclosures should come to a halt until all abuse charges are resolved.

     In a statement, Biden said that while the settlement is not perfect, it will provide protections for Delaware homeowners and provide restitution to a portion of residents whose homes have been foreclosed upon.