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2. Monthly mortgage payment assistance to pay 100% of the mortgage payment owed to the servicer for up to 18 months while the household makes monthly contribution payments to the Illinois Housing Development Authority during their enrollment in the program. Maximum assistance is $20,000 - $25,000, depending on county.
Are you behind on mortgage payments? Nearing or in foreclosure? Lost your job or cut in pay? YOU ARE NOT ALONE! There are programs available that will not only help you save your home, but also help pay your mortgage. If you think you may be in danger of foreclosure, it is time to take action. Struggling homeowners should reach out and seek foreclosure prevention counseling immediately. Learn your options, the sooner you call, the sooner you can regain your peace of mind. Remember, you're not alone.
PLEASE, IF YOU CAN NOT USE THIS INFORMATION, BE A BLESSING TO SOMEONE ELSE -PASS IT ON!
HOPE- www.995hope.org
Call the Homeowner's HOPE Hotline at 888-995-HOPE(888-995-4673). HOPE is a counseling service provided by the Homeownership Preservation Foundation. HOPE can provide counseling to you, free of charge, in English and 170 other languages, 24 hours a day, 7 days a week, 365 days a year.
Foreclosed Home- Unclaimed Money -http://services.cookcountyclerkofcourt.org/foreclosure
Foreclosed Home- Unclaimed Money -http://services.cookcountyclerkofcourt.org/foreclosure
If your home was foreclosed upon, and the sales or auction price exceeded the amount you owed on the mortgage, then the Clerk's Office may be holding your surplus or equity money, to which you are entitled. Use the search form below to find out if the Clerk's Office is holding money for you. All fields are required.
Click on link below to find out if you may have unclaimed money.
http://services.cookcountyclerkofcourt.org/foreclosure
Mortgage Relief Project - www.keepyourhomeillinois.org
Governor Pat Quinn has created the Illinois Foreclosure Prevention Network as a service to Illinois residents to bring together the services and resources of various state agencies and qualified participating non-profit agencies to guide you through the process of weighing your options that could help you stay in your home. The Mortgage Relief Project was established to help you take advantage of new programs that can help you lower your mortgage payments, avoid foreclosure and keep your home. These services are free.
| Making Home Affordable (MHA) is the Obama Administration's initiative that helps struggling homeowners get mortgage relief through a variety of programs that aid in mortgage modifications, interest rate reductions, refinancing, deferred payment or transitioning out of your home while avoiding foreclosure. |
Illinois Hardest Hit Program- www.illinoishardesthit.org
The Illinois Housing Development Authority (IHDA) has partnered with the U.S. Department of Treasury to offer temporary mortgage payment assistance to households that are struggling with income loss due to unemployment or underemployment, but are working to regain sufficient income to keep their home. Borrowers may be currently experiencing an income loss or experienced one in the past that caused them to get behind on their mortgage payments.
The Illinois Hardest Hit Program offers two types of assistance:
1. Reinstatement assistance to pay mortgage arrearages, fees, and penalties in full and
2. Monthly mortgage payment assistance to pay 100% of the mortgage payment owed to the servicer for up to 18 months while the household makes monthly contribution payments to the Illinois Housing Development Authority during their enrollment in the program. Maximum assistance is $20,000 - $25,000, depending on county.
- WARNING -www.illinoishardesthit.org is the OFFICIAL website for the Illinois Hardest Hit Fund Program. APPLYING IS FREE. You will not be asked to pay for any services related to this application.
Home Affordable Modification Program, known as HAMP - www.makinghomeaffordable.gov/programs/lower-payments/Pages/hamp.aspx
In reaction to the rising tide of foreclosures amid the ongoing subprime crisis, the U.S. Treasury introduced the Home Affordable Modification Program (HAMP) as part of the Financial Stability Act of 2009. This program is expected to help an estimated 7 to 8 million eligible homeowners with loan modifications on their home mortgage debt.
The Obama administration has improved its main foreclosure prevention program (HAMP).
The administration said it was expanding eligibility for its Home Affordable Modification Program, known as HAMP, to borrowers with higher debt loads and tripling the incentives it pays banks that reduce principal on loans.
The administration also said it would offer incentives to Fannie Mae and Freddie Mac to reduce principal on loans. Previously, the government had only offered incentives to private lenders and banks. The program was also extended to December 2013. It was initially set to expire at the end of this year.
Loan Modification Lawsuits Filed Against CitiMortgage, JPMorgan Chase, Bank of America, Wells Fargo, Citibank, and GMAC/Ally
Bank Foreclosure Settlement: After months of investigation and negotiations, Attorney General Lisa Madigan, in conjunction with other state attorneys general, the U.S. Department of Justice and the U.S. Department of Housing and Urban Development, has secured a national foreclosure settlement with the nation’s five largest mortgage loan servicers – Bank of America, JPMorgan Chase, Wells Fargo, Citibank, and GMAC/Ally – have agreed to a settlement worth a total of $25 billion in assistance to homeowners harmed by fraudulent foreclosure and mortgage servicing practices.
To assist homeowners in determining if they may be eligible for assistance according to the settlement, Attorney General Madigan’s office developed the resources listed below:
http://illinoisattorneygeneral.gov/consumers/settlementpdfs/Homeowner_relief_FAQs.pdf
Deadline has been extended check websit for dates.
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