Foreclosures

Foreclosures

MADIGAN: ILLINOIS IN TOP 5 STATES FOR RELIEF TO HOMEOWNERS FROM NATIONAL FORECLOSURE SETTLEMENT

Chicago, IL - November 19, 2012 - (RealEstateRama) -- In responding to the second report issued by the national foreclosure settlement’s independent monitor, Attorney General Lisa Madigan today outlined the direct relief Illinois borrowers have received as a result of the $25 billion settlement reached earlier this year with the nation’s five largest bank mortgage servicers over allegations of widespread “robo-signing” and other fraudulent practices involved in servicing loans of struggling homeowners.

Illinois Wins National Housing Award for Program that Helps Homebuyers, Rebuilds Communities Hit by...

CHICAGO, IL - October 29, 2012 - (RealEstateRama) -- As communities across the country look for ways to rebuild in the aftermath of foreclosures, a number of them in Illinois are getting a boost from an innovative program that has been recognized for excellence at a national housing conference.

Illinois Hardest Hit Program Helps 5,000th Homeowner Protect Home from Foreclosure

CHICAGO, IL - October 29, 2012 - (RealEstateRama) -- When James Thomas Henry lost his job a year after buying a new townhouse, the suburban Bloomingdale resident feared he might also lose his home because he wouldn’t be able to make his mortgage payments.

STATEMENT FROM ATTORNEY GENERAL MADIGAN ON FIRST PROGRESS REPORT ON NATIONAL FORECLOSURE SETTLEMENT

Chicago, IL - August 30, 2012 - (RealEstateRama) -- In responding to the first report issued by the national foreclosure settlement’s independent monitor, Attorney General Lisa Madigan today outlined the direct relief Illinois borrowers have begun to receive as a result of the $25 billion settlement reached earlier this year with the nation’s five largest bank mortgage servicers over allegations of widespread “robo-signing” and other fraudulent practices involved in servicing loans of struggling homeowners.

MADIGAN ANNOUNCES $4.7 MILLION GRANT FOR FREE LEGAL HELP FOR CHICAGO AREA HOMEOWNERS

Chicago, IL - August 28, 2012 - (RealEstateRama) -- Attorney General Lisa Madigan today announced that her office has distributed $4.7 million in funding from the national foreclosure settlement reached earlier this year to LAF (Legal Assistance Foundation). Madigan said the grant will help provide much-needed legal services to struggling homeowners in Chicago and suburban Cook County.

MADIGAN ANNOUNCES $4.5 MILLION GRANT FOR FREE LEGAL HELP FOR CENTRAL, SOUTHERN ILLINOIS HOMEOWNERS

O’Fallon - August 24, 2012 - (RealEstateRama) -- Attorney General Lisa Madigan today announced that her office has distributed $4.5 million in funding from the national foreclosure settlement reached earlier this year to the Land of Lincoln Legal Assistance Foundation. Madigan said the grant will help to provide much-needed legal services to struggling homeowners in Central and Southern Illinois

Governor Quinn Encourages Attendance at Illinois Foreclosure Prevention Network Event

O’FALLON, IL - July 20, 2012 - (RealEstateRama) -- As part of his commitment to affordable housing and foreclosure prevention, Governor Pat Quinn today encouraged Illinois families facing foreclosure to attend the Illinois Foreclosure Prevention Network’s “Keep Your Home, Illinois” workshop. Held Saturday, July 21 from 9 a.m. to 2 p.m. in O’Fallon, the workshop will connect struggling homeowners with in-person assistance, resources and knowledge to help them keep their homes.

MADIGAN ANNOUNCES $3 MILLION IN FUNDING FOR FORECLOSURE MEDIATION PROGRAMS

Chicago, IL - July 17, 2012 - (RealEstateRama) -- Attorney General Lisa Madigan announced that up to $3 million in funding from the national foreclosure settlement reached this year will be used to fund new mortgage foreclosure mediation programs in Illinois counties where such programs currently do not exist.

Quinn Administration Partners with National Event to Help Chicago-area Homeowners

ROSEMONT - April 24, 2012 - (RealEstateRama) -- To further Governor Pat Quinn’s commitment to protect Illinois families and communities from foreclosure, the Illinois Housing Development Authority (IHDA) today helped kick off the free Help for Homeowners Community Event at the Donald E. Stephens Convention Center in Rosemont.

Governor Quinn Announces Plan to Revitalize Vacant, Foreclosed Homes in Six Communities

BERWYN, IL - February 8, 2012 - (RealEstateRama) -- Governor Pat Quinn was joined today by Cook County Board President Toni Preckwinkle and six Cook County mayors to announce a new initiative to return vacant, foreclosed properties to productive use. An initiative laid out in the Governor’s State of the State address earlier this week, the Illinois Building Blocks Pilot Program will rehabilitate vacant properties and increase affordable housing in the communities of Berwyn, Chicago Heights, Maywood, Park Forest, Riverdale and South Holland.

Governor Quinn Announces Illinois Foreclosure Prevention Network

CHICAGO, IL - February 2, 2012 - (RealEstateRama) -- As part of his commitment to affordable housing and foreclosure prevention, Governor Pat Quinn today announced the launch of the statewide Illinois Foreclosure Prevention Network (IFPN) in his State of the State address. A multi-agency effort coordinated by the Illinois Housing Development Authority (IHDA), the IFPN connects struggling homeowners with all available assistance, resources and knowledge to help them keep their homes.

Quigley Meets with Secretary Geithner to Discuss Chicago Housing Crisis

WASHINGTON, DC - November 3, 2011 - (RealEstateRama) -- Yesterday, U.S. Representative Mike Quigley (IL-05) met with U.S. Secretary of the Treasury Timothy Geithner to discuss the housing and foreclosure crisis in the City of Chicago and surrounding area. The meeting followed Quigley’s Foreclosure Assistance Fair this past weekend in Chicago, where more than 200 constituents sought assistance from mortgage lenders, government agencies, and housing counselors.

Quigley to Host Senior and Foreclosure Assistance Fairs in Chicago

CHICAGO,IL - October 13, 2011 - (RealEstateRama) -- Today, U.S. Representative Mike Quigley (IL-05) announced that he will be hosting two service fairs for the community later this month. The Senior Fair and Foreclosure Assistance Fair are both free to the public and will provide essential services to constituents seeking assistance with medical, insurance, or housing issues.

New data illustrate a logjam in Chicago region foreclosure processes

CHICAGO, IL - September 22, 2011 - (RealEstateRama) -- Chicago region foreclosure cases are taking longer to complete the foreclosure process, resulting in a dramatic drop in foreclosure completions from the first half of 2010 to the first half of 2011, new data from Woodstock Institute show. As fewer cases complete the foreclosure process each quarter, it is likely that the number of homes tied up in the foreclosure process is growing.

Governor Quinn Announces $345 MillionMortgage Assistance Program in Illinois

CHICAGO, IL - September 16, 2011 - (RealEstateRama) -- Governor Pat Quinn today announced a program to help approximately 15,000 Illinois homeowners threatened by foreclosure. The Illinois Hardest Hit program utilizes $345 million in federal funds to support working families having trouble making mortgage payments due to unemployment or under-employment.

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Investigation by CHA and HUD Inspectors General ends with guilty plea...

The Chicago Housing Authority will receive restitution for money stolen by a former contractor and her husband after the pair pleaded guilty to stealing funds intended for the Housing Choice Voucher (HCV) program, a crime that was exposed following an investigation by the CHA’s Office of the Inspector General.

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Inspector General investigations result in trio of felony convictions for theft...

Three investigations conducted by the Chicago Housing Authority’s Office of the Inspector General (CHA OIG) recently resulted in three new felony convictions for theft of government funds, including one in which the defendant was sentenced to more than six years in the Illinois Department of Corrections.

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Quigley Fights to Expand Affordable Housing and Protect Vital Infrastructure Investments

Today, U.S. Representative Mike Quigley (IL-05) fought to expand federal housing assistance and protect funding and eligibility for vital infrastructure programs that improve the economy and support local communities, including projects in Chicago and Cook County. His efforts come as the House Appropriations Committee considers the FY15 Transportation, Housing and Urban Development (THUD) Appropriations bill Fisher Investments Jay Carlson