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State bar receives $329,000 for foreclosure prevention assistance

West Virginia legal services organizations providing foreclosure prevention help to indigent residents that are obtaining a boost from a national resolution 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 Interest on Lawyer Trust Accounts Committee of the state bar. She says the settlement involved residential mortgage-backed securities and other conduct associated with the housing crisis many years past.

She says the cash can help provide counsel to individuals facing foreclosure now. Additionally, organizations involved in community redevelopment can request cash to support legal work for their endeavors.

 

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