- Associated Press - Thursday, December 24, 2015

MONTPELIER, Vt. (AP) - Vermont Attorney General Bill Sorrell says $190,000 left over from a settlement with Bank of America is going to be given to Vermont Legal Aid and the state’s judiciary to assist with home foreclosures.

The original $1.25 million settlement with Bank of America resolved claims the bank did not live up to its agreements with homeowners during foreclosure proceedings.

A fund was set up with settlement money to compensate Vermonters.

Of the remaining money, the judiciary will use $10,000 to help develop a website for people representing themselves. Legal Aid will use $180,000 to pay for lawyers to represent Vermonters in foreclosure proceedings over the next three years.

Last year, there were almost 1,200 new home foreclosures in Vermont and more than 75 percent of homeowners didn’t have lawyers.


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