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.
Showing posts with label foreclosure. Show all posts
Showing posts with label foreclosure. Show all posts
Tuesday, August 25, 2009
Wednesday, November 19, 2008
Foreclosed Homes
Be sure to read the article on Page 1 of today's Northwest Herald; then make your comment online with your thoughts.
The Northwest Herald featured a foreclosed-home clean-out service - a company hired by the mortgage-holder to clean out the property taken in foreclosure. The uncaring headline "One's trash is another's treasure" is neither sensitive nor accurate. Abandoned household possessions, such as golf clubs, a crib, family photos, are not trash. And they certainly are not the clean-out company's "treasure".
Foreclosure is an ugly process for all. The owner has lost his or her home. The mortgage holder now has yet another asset on which it will lose even more money. Children have a life-changing experience that may haunt them for years. And a situation not often considered is when it is a renter who must suddenly leave a rental house, because the owner lost it in foreclosure.
You may have read that Cook County Sheriff Tom Dart refused to evict tenants from rental homes being foreclosed upon. He probably found his own neck in a noose by some judge who felt snubbed, but it was a remarkable position for a top cop. And in Cook County, no less.
Here's the comment I posted on www.nwherald.com:
"I am appalled at the insensitive treatment of foreclosure demonstrated by today's headline and article! Household possessions abandoned by a person departing from a foreclosed home may not be "trash". Certainly, family photos, a crib, golf clubs, etc. are NOT trash. The family moving out is not likely to have space into which to move all possessions or the money with which to do so. Your treatment of this subject was very uncaring!"
The Northwest Herald featured a foreclosed-home clean-out service - a company hired by the mortgage-holder to clean out the property taken in foreclosure. The uncaring headline "One's trash is another's treasure" is neither sensitive nor accurate. Abandoned household possessions, such as golf clubs, a crib, family photos, are not trash. And they certainly are not the clean-out company's "treasure".
Foreclosure is an ugly process for all. The owner has lost his or her home. The mortgage holder now has yet another asset on which it will lose even more money. Children have a life-changing experience that may haunt them for years. And a situation not often considered is when it is a renter who must suddenly leave a rental house, because the owner lost it in foreclosure.
You may have read that Cook County Sheriff Tom Dart refused to evict tenants from rental homes being foreclosed upon. He probably found his own neck in a noose by some judge who felt snubbed, but it was a remarkable position for a top cop. And in Cook County, no less.
Here's the comment I posted on www.nwherald.com:
"I am appalled at the insensitive treatment of foreclosure demonstrated by today's headline and article! Household possessions abandoned by a person departing from a foreclosed home may not be "trash". Certainly, family photos, a crib, golf clubs, etc. are NOT trash. The family moving out is not likely to have space into which to move all possessions or the money with which to do so. Your treatment of this subject was very uncaring!"
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