Thursday, Feb. 24, 2011 10:43 pm
Experts are saying the economy is recovering, but for homeowners struggling to pay the mortgage, recovery can seem ever more distant. Fortunately, a program spearheaded by Gov. Pat Quinn is offering help to prevent foreclosure. The Mortgage Relief Project is coming to Springfield on Feb. 26, bringing together homeowners and lenders to rework mortgages. The Illinois Homeowner Protection Act, passed in 2009, allows struggling homeowners a 90-day grace period on foreclosure to enter housing counseling, and they can get an additional 30-day grace period to work out a payment plan or refinancing option. The event is planned for 9 a.m. to 1 p.m., Feb. 26 at Union Baptist Church, 1405 E. Monroe St. in Springfield. The free workshop will offer advice about mortgage refinancing, foreclosure prevention, credit counseling, avoiding scams and more. Attendees should bring their latest mortgage documents, two most recent paystubs and a state ID. For more information or to receive advance mortgage help, call IDFPR’s toll-free consumer hotline (800) 532-8785 or visit www.idfpr.com or www.ihda.org.