Rep. Foster Introduces Bill to Promote Responsible Homeownership and Neighborhood Stabilization

Washington, DC - March 12, 2010 - (RealEstateRama) -- Yesterday, Congressman Bill Foster (IL-14) introduced legislation that will promote neighborhood stabilization by incentivizing short sales as a preferable alternative to foreclosure

Durbin: $98 Million in Recovery Act Funding Will Be Used to Put Chicagoans Back...

CHICAGO, IL - January 26, 2010 - (RealEstateRama) -- U.S. Senator Dick Durbin (D-IL) today announced that the U.S. Department of Housing and Urban Development (HUD) has awarded the City of Chicago a Neighborhood Stabilization Program (NSP) grant in the amount of $98,008,384 through the American Recovery and Reinvestment Act. These grants are competitively awarded to local governments and non-profit housing developers to spur economic development and create jobs in hard-hit communities

$1.4M Grant to Provide Free Foreclosure Mitigation Counseling to Struggling Homeowners

CHICAGO, IL - November 20, 2009 - (RealEstateRama) -- Today, the Illinois Housing Development Authority (IHDA) Board of Directors approved allocating a $1.4 million federal grant to fund free foreclosure counseling help for homeowners throughout Illinois

Durbin Discusses Next Steps to Address Foreclosure Crisis

CHICAGO, IL - September 3, 2009 - (RealEstateRama) -- U.S. Senator Dick Durbin (D-IL) today met with members of the Southwest Organizing Project (SWOP) to discuss the state of the foreclosure crisis on Chicago’s southwest side and to discuss a several legislative proposals he is considering introducing in the Senate this fall. One proposal would give homeowners facing foreclosure the right to temporarily remain in their homes by paying fair-market rent to the bank, another would provide funding to support mandatory arbitration programs in which homeowners and banks sit down face to face to work out loan modifications, and a third would extend the tax credit for first time home buyers enacted earlier this year to further reduce excess housing inventory that is dragging down sale prices.

Schock Amendment to Prevent Future Foreclosures Passes House

July 24, 2009 - (RealEstateRama) -- The House unanimously approved an amendment offered by Congressman Aaron Schock (R-IL) today to H.R. 3288, the Fiscal Year 2010 (FY 10) Transportation, Housing and Urban Development Appropriations Act.

HUD Secretary announces disaster assistance for Illinois storm victims

WASHINGTON, DC - July 7, 2009 - (RealEstateRama) — U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to six storm-ravaged counties in Illinois and provide support to homeowners and low-income renters forced from their homes following last month's severe storms, flooding, and tornadoes.

Durbin Bill to Stem Record Foreclosures Included in Obama’s Housing Plan

CHICAGO, IL - March 03, 2009 - (RealEstateRama) — U.S. Senator Dick Durbin (D-IL) today called for passage of his Helping Families Save Their Homes in Bankruptcy Act, a bill he re-introduced in early January and named one of his top legislative priorities of the year.

Durbin Discusses Foreclosure Crisis, Mortgage Bankruptcy Reform with Housing Secretary Nominee

WASHINGTON, D.C. - January 15, 2009 - (RealEstateRama) — U.S. Senator Dick Durbin (D-IL) met with Shaun Donovan, President-elect Barack Obama’s nominee to head the Department of Housing and Urban Development (HUD), today, where he discussed the foreclosure crisis with the nominee and confirmed Donovan’s support of Durbin’s Helping Families Save Their Homes in Bankruptcy Act, a bill that will allow homeowners at risk of foreclosure to alter the terms of their mortgages in bankruptcy

Agreement Reached With One of the Country’s Biggest Mortgage Lenders on Bankruptcy Reform

WASHINGTON, D.C. - January 12, 2009 - (RealEstateRama) — U.S. Senator Dick Durbin (D-IL), with Congressman John Conyers (D-MI), Senator Chris Dodd (D-CT), Chuck Schumer (D-NY) and Congressman Brad Miller (D-NC) announced that an agreement was reached with Citigroup today, on legislation that will allow homeowners at risk of foreclosure to alter the terms of their mortgages in bankruptcy

Durbin Introduces Bill to Stem Record Foreclosures

WASHINGTON, D.C. - January 09, 2009 - (RealEstateRama) — U.S. Senator Dick Durbin (D-IL) today introduced the Helping Families Save Their Homes in Bankruptcy Act, announcing that its passage is a top priority this year. Durbin's bill could help millions of at-risk homeowners prevent foreclosures by allowing them to modify the terms of their mortgages in bankruptcy proceedings.

Durbin Holds Hearing on Looming Foreclosure Crisis in Illinois and Nationwide

CHICAGO, IL - December 04, 2008 - (RealEstateRama) — U.S. Senator Dick Durbin brought the Senate Appropriations Committee to Illinois today in order to...

Governor Blagojevich Renews Call for Foreclosure Protections for Illinois Homeowners

Governor Partners with Sen. Collins and Rep. Hamos to Introduce Foreclosure Moratorium of up to Three-months for Homeowners that Enter Counseling CHICAGO, IL - November...

Durbin Urges Federal Agencies to Use Newly Granted Powers to Prevent Foreclosures

WASHINGTON, D.C. - October 06, 2008 - (RealEstateRama) — United States Senator Dick Durbin (D-IL) sent a letter today asking the heads of the...

Illinois Attorney General Sues 14th Company for Mortgage Rescue Fraud

Madigan Alleges Florida Company Takes Advantage of Homeowners on the Verge of Losing their Homes to Foreclosure Chicago, IL - August 29, 2008 - (RealEstateRama)...

Businesses Honored for Contributions to Lower-Income Communities

Chicago, IL - August 20, 2008 - (RealEstateRama) —NeighborWorks® has announced the most generous contributors to its work in affordable housing, foreclosure intervention and community...


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.


Make Your Garage Door Quieter

How to Make Your Garage Door Quieter

Did you know that the structural noise from a garage can be anywhere from 5 decibels to 20 decibels above the background noise levels? And if you are wondering how much change would a 20-decibel increase make, then consider this – with a rise of 20 decibels, the sound energy increases by a factor of 100!