Gov. Quinn establishes mortgage relief project
Governor Pat Quinn has recently established the Mortgage Relief Project to help lower mortgage payments and avoid foreclosures. Representatives from the project will be visiting Chicago's Kennedy King College on April 21.
The project is also a key component of the new Illinois Foreclosure Prevention Network (IFPN), which is coordinated by the Illinois Housing Development Authority and connects struggling homeowners with all available assistance, resources and knowledge to help them keep their homes.
The April event is being co-hosted by state Sen. Jacqueline Collins, state Sen. Mattie Hunter, state Rep. Esther Golar, state Rep. Kenneth Dunkin, state Rep. Mary Flowers and state Rep. André Thapedi. It will be the 29th stop in a statewide tour that began in the summer of 2009.
Homeowners will receive helpful advice about mortgage refinancing, foreclosure prevention, legal rights, credit counseling and avoiding scam artists. Homeowners can also obtain private, one-on-one housing counseling with HUD-certified counselors.
Homeowners need to bring their latest mortgage documents (bills, statements, notices, etc.), two most recent paystubs, and their state ID or driver's license.
The Homeowner Protection Act requires that all lenders and loan servicers notify homeowners who are at least 30 days late on their mortgage payments that they have 30 days to seek housing counseling to get their loan back on track. If a homeowner enters housing counseling, they get an additional 30-day grace period on foreclosure in order to work out a payment plan or refinance option.
For more information or to receive immediate assistance in advance of the event, please call IDFPR's toll-free consumer hotline (800) 532-8785 during regular business hours or visit www.idfpr.com or www.ihda.org. A list of HUD-approved housing counseling agencies in Illinois can be found at www.hud.gov.
The free workshops will be held from 9 a.m.-1 p.m. (registration closes at 12 noon) on Saturday, April 21, 2012 at Kennedy King College, 6301 South Halsted Street, Chicago, Illinois 60621.
Posted in Housing, Community Events
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