If you’re struggling to hold onto your home, remember this date: Dec. 6, 2014.
That’s when the Kane County Foreclosure Task Force will host a Mortgage Relief Project event that could help you lower your mortgage, avoid foreclosure and keep your home.
The event takes place from 9 a.m. to 1 p.m. Saturday, Dec. 6, at Dundee Crown High School, 1500 Kings Road, Carpentersville.
As chair of Kane County’s Foreclosure Task Force, Kane County Board member Theresa Barreiro is encouraging homeowners who are struggling to stay in their home to attend the event at the Dundee-Crown High School in Carpentersville.
“Kane County is absolutely committed to helping as many homeowners as possible avoid foreclosure,” she said. “There are options, and folks should not give up hope. These events will bring the experts to our communities to help individuals and families sort through those options and provide solutions.”
Homeowners who attend will receive helpful advice about mortgage refinancing, foreclosure prevention, legal rights, credit counseling and avoiding scams. Additionally, HUD-certified counselors will be on hand to provide private, one-on-one counseling.
The Mortgage Relief Project is a statewide program co-sponsored by the Illinois Department of Financial and Professional Regulation, the Illinois Housing Development Authority and the Illinois Department of Employment Security. It is designed to offer a one-stop shop where homeowners can access the resources of state agencies and nonprofit organizations that help Illinois residents stay in their homes.
Illinois’ Homeowner Protection Act requires all lenders and loan servicers to 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 loans 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.
Mortgage Relief Project Documentation
Please bring the following to the event:
- Mortgage statement
- 2012 and 2013 W-2 and tax return with all schedules
- Copy of rental agreement, if necessary
- Two months of recent pay stubs
- Budget of household expenses
- Documentation of other income
- Two months of recent bank statements
- All recent utility bills
- If you are self-employed, a profit/loss statement for the past six months
Don’t worry if you don’t have all the documents on the day of the event. You can still meet with the HUD-certified counselling agency or your lender and get the process started.
Additional Resources for Homeowners
- Community Contacts
- Consumer Credit Counseling Services of Aurora
- Consumer Credit Counseling Services of Elgin
- HUD Consumer Website
- Illinois Association of Realtors
- Illinois Attorney General Help for Homeowners
- Illinois Department on Aging
- Joseph Corporation
- Kane County Assessment Office
- Kane County Treasurer
- Prairie State Legal Services