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HOMEOWNER OUTREACH DAYS Having trouble meeting your mortgage payments? The Illinois Housing Development Authority and The Illinois Department of Financial and Professional Regulation are bringing mortgage loan providers, local housing assistance groups and state agencies together in one place to help homeowners who are struggling to pay their mortgages. Homeowners will set up one-on-one meetings with lenders and then have opportunities to attend workshops of their choice. These workshops will include: • What To Do When Your Mortgage is Too Expensive • How Foreclosure Works and What You Can Do • One-on-One Sessions With Lenders • Borrower Beware: How to Refinance For more information please call (800) 532-8785 or www.ihda.org Check the next pages of this flyer for a location near you. Illinois Department of Financial and Professional Regulation Homeowner Outreach Days 2008 Saturdays: 9:00 AM to 1:00 PM, Weekdays: 4:00 to 7:00 PM 6/18/2008 Lenders Date Region Site Kankakee Community College Fifth Third, Signature, 1st Advantage Tuesday,June 17, 2008 4pm-7pm Kankakee, IL 100 College Dr Room D-152 Kankakee, IL Webster Head Start Fifth Third, Signature Saturday, June 21, 2008 9am-1pm Peoria, IL 923W. Millman Peoria, IL 61605 Carbondale Civic Center Wells Fargo, Fifth Third Friday, July 11, 2008 4pm-7pm Carbondale, IL 200 South Illinois Avenue Carbondale, Illinois 62901 Homeowner Outreach Days The Illinois Housing Development Authority is bringing mortgage loan providers, local housing assistance groups and state agencies together to one place to help homeowners who are struggling to pay their mortgages. Homeowners will set up one-on-one meetings with lenders and then have opportunities to attend workshops of their choice. Workshop Topics 1. What To Do When Your Mortgage is Too Expensive • A panel of lending experts will explain how the mortgage lending system works and options for people struggling with their payments. 2. How Foreclosure Works and What You Can Do • Learn who is who in the foreclosure process, and about the timetable and court procedure. 3. What is a “Workout?” • Panelists will discuss the basic steps in analyzing a loan for a possible “workout.” You will learn what steps and documentation are required and if you have a realistic chance of saving your home. Discussion topics will include: short sale, deed-in-lieu, payment plans and forbearances. 4. Borrower Beware • Learn the basics of refinancing. Attendees will learn how and when to refinance and the pitfalls to watch out for, including “rescue” schemes. Homeowner Outreach Days In order to speed up the process of designing a program tailored to your individual needs, please bring the following documents with you. If you are unable to bring them all, please bring as many as you can. Last mortgage statement Closing documents or refinance documents List of other mortgages and liens against your property Current property tax and insurance information List of all monthly expenses (bring most recent bill or statement) Proof of income: - Employment – two most recent pay statements for each borrower - Social Security – most recent award letter for each borrower - Child support – check stub/statement or court order Bank statements – two most recent months Reason for delinquency (current hardship) Foreclosure correspondence and documents, if applicable
"HOMEOWNER OUTREACH DAYS Illinois Department of"