Archives

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.