Home foreclosures are on the rise – reaching more than 14,000 last month.
I have heard numerous stories of families in McHenry County being forced right out of their homes.
It is for this reason that I am partnering with the Governor’s Office to bring the Mortgage Relief Project to McHenry County. Please save the date and tell your neighbors that on September 10 from 4 to 7 p.m., the Mortgage Relief Project will be offered at McHenry County College, Building B, 8900 U.S. Route 14 in Crystal Lake.
The Mortgage Relief Project, administered through the Illinois Department of Financial and Professional Regulation (IDFPR) and the Illinois Housing Development Authority (IHDA), offers homeowners assistance to rework their mortgage. According to the Homeowner Protection Act which was enacted this spring, homeowners who are late on their mortgage payments can obtain a 90-day grace period by entering housing counseling.
The Mortgage Relief Project offers free workshops with useful information about mortgage refinancing, foreclosure prevention, legal rights, credit counseling and avoiding scam artists.
Homeowners will have the opportunity to take advantage of one-on-one housing counseling with HUD-certified counselors and are encouraged to bring their most recent mortgage documents including bills, statements and notices, as well as their state ID or drivers’ licenses.
I have been extremely committed to helping protect the rights and bank accounts of homeowners. I successfully passed legislation to create the Manufactured Housing Buyer Protection Act. And, I am committed to initiatives that reduce property taxes and create a fair process for determining home assessments.
I look forward to meeting you at the Mortgage Relief Project on September 10 from 4 to 7 p.m. at McHenry County College.
For more information, please contact the IDFPR toll-free hotline at (800) 532-8785 or call my office at (815) 459-6453.
Michael W. Tryon
Illinois State Representative