Help for Struggling Illinois, Chicago Homeowners

February 13, 2012

In 2011, Chicago’s foreclosure rate was the second highest in the nation. Let’s not see a repeat in 2012.

If you are an Illinois or a Chicago real estate owner at risk of losing your home, there is help out there for you through a scheduled foreclosure prevention workshop or a 24-hour helpline.

First, the latter: Our state has launched a free Illinois Foreclosure Prevention Network (IFPN) aimed at connecting struggling homeowners with the knowledge, resources and help they need to save their homes.

house in handsThe IFPN gathers information on each individual situation and then provides access to the necessary assistance a homeowner needs to keep their home.

Among the resources available to Illinois and Chicago homeowners:

*Free access to HUD-certified housing counselors throughout the state.

*Clinics that offer foreclosure prevention legal services for free.

*Financial assistance of up to $25,000 to qualified homeowners who are unemployed or underemployed.

*Mortgage relief assistance and one-on-one counseling involving loan modifications.

*Advice on how to avoid mortgage fraud and scams.

*Access to job search opportunities, financial planning and other counseling services.

The IFPN can be accessed at KeepYourHomeIllinois.org 24 hours a day or by calling the free hotline at 855-446-6300 from 8 a.m. to 8 p.m. weekdays and 9 a.m. to 1 p.m. Saturday.

* * *

The Lakeside Community Development Corporation is hosting a series of foreclosure prevention seminars for Chicagoland homeowners concerned about losing their homes.

At this free event, homeowners and renters can learn about the foreclosure process in Illinois, ways to prevent foreclosure and how to avoid mortgage modification scams. Homeowners can also meet with a housing counselor and get scheduled for one-on-one counseling.

The Lakeside CDC is hosting these events one Wednesday a month through the summer on:

home attached to an open parachute*February 15

*March 14

*April 18

*May 16

*June 13

*July 18

The workshops will take place at the Lakeside CDC, 6636 N. Clark Street, Chicago from 6 to 8 p.m.

Space is limited, so it makes sense to reserve a spot by calling 773-381-5253 or by e-mailing info@lakesidecdc.org.

For more information, including what documents you should bring with you, visit lakesidecdc.org.

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