New public service announcements from the state — paid for with funds from a landmark mortgage lending settlement — are urging borrowers behind on mortgage payments or in foreclosure to seek help.
Public service announcements aimed at struggling homeowners will begin airing in Connecticut this month. Photo Credit: Strategic America
The 30-second audio and video spots — issued by the state attorney general’s office and the banking department are expected to begin airing this month.
The videos can be viewed on a YouTube link on the attorney general’s website. The radio spots are under the “joint federal-state foreclosure settlement” button on the AG’s website.
The $25 billion settlement, announced in February, provided $119 million to Connecticut for loan modifications, principal reductions and payments to borrowers who lost their homes to foreclosure.
“As part of the settlement, a national public service announcement was developed and we were able to customize the message for Connecticut residents,” Connecticut Attorney General George Jepsen said.
The announcements direct borrowers to the state Department of Banking website and to the toll-free foreclosure prevention line, 1-877-472-8313.
The broadcast and cable time for the announcements has been donated.
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