As part of our ongoing efforts to assist homeowners who are at risk of or already facing foreclosure, the Department of Community Development (DCD) has continued to sponsor a series of Borrower Outeach Days and "Fix Your Mortgage" events. The City has sponsored 20 Borrower Outreach Days and helped more than 4,700 homeowners since 2007.
Additionally, as part of President Obama's "Making Home Affordable Program," DCD has partnered with Neighborhood Housing Services to sponsor six "Fix Your Morgage" events in 2010.
Saturday, August 21, 2010
Northside College Prep High School
5501 N Kedzie Ave.
Time: 9:30am to 2pm
Call NHS of Chicago to Pre-Register: 773.329.4185 (English) or 773.329.4181 (Spanish)
"Fix Your Mortgage" is designed to provide residents with assistance in filing papers for a loan modification. At the event, HUD-certified counselors and pro-bono real estate attorneys review paperwork, determine if the borrower qualifies for a loan modification under the federal lan, and if the homeowner is eligible, send the individual's paperwork directly to their mortgage servicer to begin the loan modification process.
All borrowers on the loan MUST be present and should bring copies of these documents:
- Two most recent pay stubs
- Real estate tax bill
- Homeowners Insurance bill
- Most recent mortgage statements for both first and second mortgage, if applicable
- Account balances and monthly payments on all other debts including: homeonwer association/condo fees, credit cards, student or car loans, child support and alimony
- Two most recent bank statements
- Most recent utility bill
- Most recent tax return
- Profit-loss statement if you are self-employed
- Proof/Documentation of income from any other sources such as alimony, child support (judgment letter), Social Security income (award letter)
- If you have rental income, you must bring: Signed lease agreement(s) and rent receipt(s) or signed letter from occupant(s) confirming rent amount.
Business Affairs & Consumer Protection