Illinois Foreclosure Prevention Network Celebrates Half-Million Milestone

February 20, 2013

homeowner assistance photoGovernor Quinn recently announced that the Illinois Foreclosure Prevention Network (IFPN) has assisted more than a half-million people via its free resources program since it was launched in February 2012.

The IFPN aims to connect struggling homeowners with the knowledge, resources and help they need to save their homes, and evaluates each homeowner’s situation on a case-by-case basis.

Here’s a further breakdown of the amount of people who have been assisted by the IFPN since last year:

  • More than 446,000 homeowners have searched the IFPN website for information.
  • More than 44,500 homeowners took advantage of the IFPN counseling services.
  • More than 60,700 people have used the IFPN help hotlines.
  • More than 3,400 have attended an IFPN workshop.
  • More than 6,300 homeowners benefited from mortgage payment assistance.

According to the IFPN, struggling homeowners who receive counseling and assistance are 50 percent more likely to obtain a loan modification and 67 percent less likely to default on their homes for a second time. Once homeowners have defaulted on their mortgage a first time, they often go back into default within 18 months of a loan modification, so it is important that struggling homeowners have access to mortgage and foreclosure education.

If you currently own any real estate in Chicago and are interested in free homeowner counseling or assistance, visit the Foreclosure Prevention Network at keepyourhomeillinois.org.

About The Author

Read All Stories By Mitch Levinson

Mitch Levinson is the author of “Internet Marketing: The Key to Increased New Home Sales” published by BuilderBooks. He is an Internet marketing expert with expertise in search engine optimization, website development, email marketing, social media and CRM consulting services. He is known for creating effective programs that can be tracked through analytics to prove effectiveness and ROI. Mitch is founder and president of MLC New Home Marketing and MLC FlatFee Realty, as well as managing partner of mRELEVANCE, LLC, a Marketing, Communication, Interactive agency with offices in Chicago and Atlanta. He currently leads the Chicago team. A Multi-Million Dollar Sales Producer who earned an MBA in Computer Information Systems and eCommerce, he brings a unique perspective and experience to the field of real estate communications. Mitch combines the two interests in order to help home builders and developers gain a competitive advantage through the Internet and technology. When he isn’t behind a computer, he enjoys participating in sports and coaching his kids’ teams. Mitch resides in Arlington Heights, Ill., a northwest suburb of Chicago, with his family, which includes two rambunctious labs. Visit my Google+ profile.

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