Pappas Calls on Mortgage Companies to Rescind “Frightening” Letters to Homeowners, and Apologize
November 8, 2007 Posted by Illinois RealEstateRama
And Demands the Companies Pay Taxes on Escrow Counts as Law Requires
CHICAGO, Nov. 8 /PRNewswire-USNewswire/ — Cook County Treasurer Maria Pappas today called on mortgage companies to rescind thousands of letters meant to “frighten” property owners into sending property tax bills to them and demanded that they pay taxes on their clients’ escrow accounts on […]
New Illinois Law to Help Protect Homeowners From Foreclosures
November 7, 2007 Posted by Illinois RealEstateRama
AARP-Backed Law Will Toughen Standards for Mortgage Brokers Takes Aim at Consumer Protections from Predatory Loans
CHICAGO, Nov. 6 /PRNewswire-USNewswire/ — In the midst of the foreclosure crisis striking the nation, Illinois homeowners received some good news; Governor Rod Blagojevich has delivered a state law to help protect consumers from losing their homes.
Governor Blagojevich signs anti-predatory lending law, announces borrower outreach initiative to help fight foreclosures
November 5, 2007 Posted by Illinois RealEstateRama
Statewide ban on predatory mortgage products, counseling and face-to-face lenders’ meetings will help families keep their homes
SPRINGFIELD – As the nation’s foreclosure rate continues to rise, Governor Rod R. Blagojevich today took action to provide Illinois homeowners facing foreclosure with opportunities to meet directly with lenders, community housing counselors and local, state and federal housing […]