Housing

Worried About Foreclosure? 

Having trouble paying your mortgage?  Get help from a trusted source: 

The City of Chicago's Borrower Outreach Days Program.

• Meet with lenders and credit counselors
• Loan work out sessions with lenders and counseling agencies
• Access to free legal assistance on foreclosure issues
• Information about mortgage refinance options
• Information about financial literacy programs

To register for the Borrower Outreach Days, please call the

Department of Housing at (312) 744-8514.

9th WARD

ALDERMAN ANTHONY A. BEALE

&

CHICAGO TAX ASSISTANCE CENTER

sponsor a

PROPERTY ASSESSMENT APPEAL SEMINAR

Saturday October 17, 2009

9a.m.- 1p.m.

34 E. 112th Place

For more information call:

Alderman Beale's Office

(773) 785-1100

Please plan to attend DEADLINE for Tax Appeal is October 30, 2009

HOME TO STAY FURNITURE DONATION

HELP END HOMELESSNESS

Homeless individuals can receive a Service Voucher for:

• Sofas
• Beds
• Dressers
• Dinette Sets

Call the Chicago Department of Human Services (312) 746-8545 for more information on how to donate furniture or to receive furniture.

                                     ^{10 west 35th Street, 4th Floor}

^{Chicago, Illinois 60616-3717}

^{312.949.5390 Phone}

^{312.949.0481 Fax}

^{www.lafchicago.org}

Legal Assistance Foundation

Of Metropolitan Chicago

^{Home owners who are facing foreclosure should  contact  their servicers to explore loss mitigation options because many servicers have recently developed new and/or expanded exisitng workout options available to borrowers. This means that many homeowners that were previously denied modifications may be eligible for workouts and able to keep their homes.}

^{Many borrowers may be eleigible for modification through the home affordable Modification Program(HAMP), which is a component  of the Obama Administration's larger Making Homes Affordable Program, if their servicer has agreed to participate. A list of the fifty seven servicers that have formalized contracts with the Us Department of Treasury is available at www.makinghomesaffordable.gov. Additionally, homeowners who have loans owned by Fannie Mae or Freddie Mac may be eligible for HAMP even if their servicer is not fully participating . If a borrower is unsure about who owns their loans , they can ask their servicer directly or use the online service tools on Fannie Mae's and Freddie Mac's websites. Borrowers looking to obtain a HAMP modification should call their servicer or contact a HUD- approved housing counseling agency to review their eligibilty and begin the application process.}

^{While HAMP has become a standardized modification option for participating servicers, it is important to recognize that other workout options are still being used to keep borrowers in their homes. There are some servicers that now  provide  a loss mitigation representative at local banking locations so that borrowers can meet with someone to discuss  their options in person. Many servicers have also developed  workout options that offers borrowers modification or repayment  agreements with favorable and afforadable terms. homeowners should contact their servicer directly to learn about the specific loss mitigation options that may be available to them.}

^{The Home Ownership Preservation Project (HOPP) at the Legal Assistance foundation of Metropolitan Chicago (LAF) has been able to advise and assist homeowners looking to obtain affordable modifications as part of our expanded foreclosure prevention and homeownership work due. Due to a grant from the John D. & Catherine T. Mac Authur Foundation and the Institute for Legal Assistance (IFLA). we can provide free legal counseling and representation to almost 750 more homeowners per year, HOPP is able to advise and assist homeowners with questions about HAMP eligibility, pending trial period offers, or those that have been denied modifications, as well as others facing foreclosure or with other homeownership  concerns.}

^{For more information and or appointments please refer to the address and telephone number listed above.}