May
31

Don’t Fall to Foreclosure: Get Help First

May 31, 2012

The national, Illinois and Chicago real estate markets are all still dealing with high foreclosure rates, though the numbers are larger closer to home.

According to the CoreLogic National Forelosure Report for April, about 1.4 million homes nationwide, or 3.4 of all U.S. homes with a mortgage, were in the national foreclosure inventory last month. That’s a decrease from the 1.5 percent or 3.5 percent in April 2011.

But Illinois and Chicago are moving in the opposite direction. In April 2012, Illinois’ foreclosure inventory was 5.3 percent, an increase of 0.4 percent from April 2011 and the third highest in the country.

road signs that say prevention avenue this way.Chicago’s year-over-year foreclosure inventory in April increased 0.5 percent to 6.3 percent, the fourth-highest foreclosure inventory among the nation’s 25 largest metropolitan areas.

Don’t become one of the numbers. Here are several upcoming foreclosure prevention workshops around the Chicago area that can help you save your home. Click each link to find out what documents you need to bring with you.

*Saturday, June 2: The Foreclosure and Housing Resource Fair will include 20 exhibitors that specialize in foreclosure prevention, mortgage modifications, homeownership opportunities and more from 10 a.m. to 1 p.m. at Falconer School, 3020 N. Lamon Ave., in Chicago’s Belmont-Cragin neighborhood. There will also be workshops on energy efficiency, landlord and tenant rights, and bed bug prevention.

*Saturday, June 9: The Mortgage Relief Project, which is part of Governor Pat Quinn’s Illinois Foreclosure Prevention Network, will be visiting the College of Lake County, 1120 South Milwaukee Ave., in Vernon Hills from 9 a.m. to 1 p.m. to help north suburban homeowners stay in their homes.

*Wednesday, June 13: The Lakeside Community Development Corporation, 6636 N. Clark St., Chicago, is hosting this Save Your Home event from 6 to 8 p.m. Space is limited and registration is required. Call 773-381-5253 and ask Israel for more information.

*Saturday, June 16: The Community Foreclosure Prevention Workshop will take place from 9 a.m. to 5 p.m. at Michele Clark High School, 5101 W. Harrison, Chicago, where homeowners can meet with mortgage servicers and housing counselors. Register at 312-428-7526 or by e-mail at savecommunitybanking@gmail.com.

*Wednesday, June 27: The Mortgage Relief Project is hosting an outreach event from 4:30 to 8:30 p.m. at the Croatian Cultural Center of Chicago, 2845 W. Devon, where homeowners can get free housing counseling. Register in advance at 800-532-8785.

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