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When homeowners are facing foreclosure, the mortgage lenders often become referred to as evil, heartless people. While this anger in understandable, it could be in the way of you keeping your home. Unless you foresee having financial problems for years to come, you will want to make nice with your financial lender. After all, they
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Do Nothing If a homeowner does nothing, they most likely will lose their home at foreclosure auction. Loan applications generally ask if the applicant has ever been foreclosed upon. Credit reports also disclose this damaging information. Not the best option.Payoff Request Completely paying off the entire loan amount plus any default amount and fees. Usually
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Foreclosure is one of the most traumatic things that can happen to a family financially. Foreclosure is a forced sale of property (your home) due to the fact that you no longer have the resources to pay for it. Foreclosure has affected millions of people in the last few years and this phenomenon hasn’t seemed
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Illinois Hardest Hit Funds program is a mortgage assistance program to support working families having trouble making mortgage payments due to loss of income. On April 20, 2016, the Illinois Housing Development Authority (IHDA), who administers the Illinois Hardest Hit program, announced it has secured $269,474,060 in additional funding from the U.S. Department of the
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© 2017 - StopForeclosureInfo.org is not a government agency. StopForeclosureInfo.org is provided by Realty One Group Inc., an Illinois real estate brokerage corporation in collaboration with Housing Counseling Agencies committed to provide education, free counseling and access to government programs to assist struggling homeowners. We do not induce homeowners to bypass their lender, we encourage them to contact their lenders, lawyers, credit counselors and housing counselors.

 

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