Tuesday, August 25, 2009

Facing Foreclosure?

Rep. Mike Tryon sent out an e-newsletter today to inform constituents of the Mortgage Relief Project and his efforts to bring it to McHenry County.

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.

According to his newsletter, "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."

In his newsletter he wrote that he is "... committed to initiatives that reduce property taxes and create a fair process for determining home assessments." Good luck with that one, Mike.

You can meet Mike 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 his office at (815) 459-6453.

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