Register to Fix Your Mortgage This Saturday in Chicago

October 13, 2010

There is so much talk about foreclosures these days, from robo-signing controversies to a nationwide investigation of foreclosure proceedings.

Foreclosures might be frozen in the near future, but if you own Chicago real estate and are concerned that you could lose your home, protect yourself now.

The City of Chicago and Neighborhood Housing Services of Chicago (NHS) are hosting a free Fix Your Mortgage event this Saturday on the west side of Chicago.

Fix Your Mortgage EventYou might be eligible for a loan modification: Officials at this federal foreclosure prevention program can figure that out and submit an application on your behalf that day.

Foreclosure prevention events are quite popular these days, so register in advance to save yourself a spot. Registration closes by 12:30 p.m. or when the 1,000 homeowner has been helped.

So, what to bring?

In order to apply for a loan modification, ALL borrowers on the mortgage MUST be present and should bring copies of the following documents:

*Two most recent pay stubs

*Two most recent bank statements

Mortgage Help*Real estate tax bill

*Most recent utility bill

*Homeowners insurance bill

*Most recent tax return (including all schedules and W-2s)

*Most recent mortgage statements for both first and second mortgage, if applicable

*Profit-loss statement if you are self-employed

*Proof of income from any other sources such as alimony, child support (judgment letter), Social Security income (award letter)

*Account balances and monthly payments on all other debts including homeowner association/condo fees, credit cards, student or car loans, child support and alimony

If you have rental income, you must bring:

*Signed lease agreement(s).

*Rent receipt(s) or signed letter(s) from occupant(s) confirming rent amount

Good luck!

What: Fix Your Mortgage Event

When: Saturday, October 16; 9:30 to 2 p.m. Remember that registration closes at 12:30 p.m. or when 1,000 registrations have been reached

Where: Westinghouse College Prep, 3223 W. Franklin Blvd., Chicago

Register: Call NHS of Chicago at (773) 329-4185 for English or (773) 329-4181 para EspaƱol

For more information on this and other mortgage programs, visit www.cityofchicago.org or www.nhschicago.org.

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