I thank Bob Palmer for providing the following information.
|Housing Counseling Update|
|January 14, 2013
Deadline for Foreclosure Settlement Claims is Friday, January 18: Attorney General Urges Eligible Illinois Borrowers to Submit Claim Forms to Receive Funds Under National Settlement
Attorney General Lisa Madigan today reminded eligible Illinois borrowers that the deadline to file a claim form to receive a payment under the National Mortgage Foreclosure Settlement is Friday, January 18.
Approximately 64,000 Illinois borrowers who lost their home to foreclosure between January 1, 2008 and December 31, 2011 may be eligible to receive a payment under the national settlement but only if they file a claim. Eligible borrowers had mortgages serviced by Ally/GMAC, Bank of America, Citi, JPMorgan Chase or Wells Fargo, the nation’s five largest mortgage servicers that agreed to the settlement with the federal government and attorneys general for 49 states and the District of Columbia.
The 2012 settlement earmarked approximately $1.5 billion in payments for approximately 2 million borrowers nationwide who lost their homes to foreclosure during 2008 to 2011 and had their loan serviced by one of the five settling servicers. The exact payment each borrower receives will depend upon the total number of borrowers who participate by filing a claim.
The national settlement administrator sent the initial claim form packets to Illinois borrowers between September 24 and October 12, 2012. On December 26, 2012, the settlement administrator mailed reminder claim form packets to all eligible borrowers who had not yet submitted a claim form.
Attorney General Madigan urged eligible Illinois borrowers to complete their claim forms and return them as soon as possible in the envelope provided, or file them online atwww.nationalmortgagesettlement.com by the Jan. 18 deadline. Payment checks are expected to be mailed in mid-2013.
Madigan said borrowers who have questions or need help filing their claim should contact the settlement administrator at 1-866-430-8358, or send questions by email email@example.com. The information line is staffed Monday through Friday from (7 a.m. to 7 p.m. Central). Spanish-speaking representatives are available. All borrowers—regardless of which bank serviced their mortgage—should contact the settlement administrator through these channels.
Madigan said eligible borrowers do not need to prove financial harm to receive a payment, nor do they give up their rights to pursue a lawsuit against their mortgage servicer or to participate in the Independent Foreclosure Review Process being conducted by federal bank regulators. Eligible borrowers may get a payment from this settlement even if they participate in another foreclosure claims process. However, any payment received may reduce payments borrowers may be eligible to receive in any other foreclosure claim process or legal proceeding.
Madigan also warned borrowers to be on the lookout for potential scams connected to the foreclosure settlement. She instructed consumers to ignore any solicitations for upfront payments, and not to provide personal information to anyone who calls or emails claiming that they are providing settlement-related assistance. If you believe someone is conducting a settlement-related scam, contact Attorney General Madigan’s Homeowner Helpline at 1-866-544-7151 to report the incident.
The settlement addressed allegations of the five banks’ widespread “robo-signing” of foreclosure documents and other fraudulent practices while servicing loans of struggling homeowners. It is the second largest settlement ever obtained through joint action of state attorneys general. In addition to providing more than $1 billion in relief to assist Illinois residents who have lost their homes, are underwater or at imminent risk of defaulting on their mortgages, the settlement also set new, more stringent mortgage servicing standards to prevent abuses by lenders that many consumers have faced while trying to save their homes and during the foreclosure process.
For more information contact Bob Palmer, Housing Action Illinois, 312-939-6074 x. 206 firstname.lastname@example.org.
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I thank Gianna Baker for forwarding the following message from Bob Palmer.
|Save the Dates for Housing Action Illinois’ 2011 Conference
and 25th Anniversary Celebration: November 10 and 11
Early Bird Registration Discount – Save $25! – Deadline September 19
$150 Early Bird Registration for Members
Continuing Education Credits
Housing Action is pleased to announce that we will be again offering 5 Continuing Education Units (CEUs) for attending the conference in its entirety.
The CEUs are being provided by the University of Illinois, College of Medicine, Department of Family Medicine in collaboration with the Continuing Education Institute of Illinois.
More info on separate CEU registration will be available soon.
Hotel Registration Information
The Crowne Plaza Chicago Metro (733 W. Madison, Chicago) will be hosting the 2011 Conference and they will be offering a special discounted room rate of $179.00 + 15.4% tax for conference attendees.
More hotel information will be available soon.
Need More Information?
Contact Nate Hutcheson:email@example.com 312-939-6074 x. 201.
Housing Action Illinois
|Please Join us November 10 and 11 in Chicago because Housing Matters!
Each year, Housing Action Illinois’ members and allies come together at our annual conference to network and learn.
Our 2011 Annual Conference and 25th Anniversary Celebration will be November 10-11 at the Crowne Plaza Chicago Metro, 733 W. Madison, Chicago.
This year we are offering separate registration for the Thursday evening reception for those who are not attending the rest of the conference, but would like to still celebrate Housing Action’s 25 years of hard work and progress in the affordable housing field.
We invite you to join us!
For the most up-to-date information visit:
Thursday, November 10
Friday, November 11
8:30 a.m.—Registration and Continental Breakfast
A detailed conference schedule will be available soon.
Workshops will include many different topic areas within 4 main tracks: Policy & Advocacy, Housing Counseling, Affordable Housing Development, and Shelter, Services & Housing.
Detailed session descriptions are coming soon. Workshop topics are subject to change.
Policy & Advocacy
Affordable Housing Development
Shelter, Services & Housing
Opening Plenary: Federal Deficit Reduction—Spending Crisis or Revenue Crisis?
Federal funding to create affordable housing, end homelessness and other “safety net” programs are increasingly being limited by concerns about the federal deficit. This session will explore the relative roles of limited revenue and excessive spending in creating and reducing the deficit.
Our keynote speaker and closing plenary session will be announced soon.
March 16, 2011
Support Foreclosure-Related Legislation in Springfield
The Housing Committee of the Illinois House of Representatives is meeting tomorrow to vote on four pieces of legislation to positively address the foreclosure crisis. All the bills are being strongly opposed by the Illinois Bankers Association and other interest groups representing financial institutions. We’re hoping to add your organization to their list of supporters. Here’s a summary of the bills.
Three of the bills were developed by BPI, in collaboration with many community organizations, service providers, and municipalities, as a package with two primary goals:
HB 1810: Generate Funding to Help People Save Their Homes
This legislation would impose a $500 fee, usually paid by the bank, at the time of sale of foreclosed homes. The funds would be used to support foreclosure prevention activities like borrower outreach, housing counseling, free legal assistance, and court-based mediation.
HB 1109: Give Local Governments Tools to Stabilize Neighborhoods and Get Abandoned Property Into Responsible Hands Faster
This legislation would help stabilize neighborhoods by authorizing local governments to enact ordinances that hold financial institutions responsible for maintaining and securing vacant properties. All too often, property owners leave before foreclosure is completed (sometimes even before it is initiated), and municipalities have nowhere to turn to keep these properties clean and safe. The legislation would also provide clear standards that would permit “fast track” foreclosure for abandoned properties, speeding up the turnaround for abandoned properties.
HB 1108: Put Vacant Properties Back Into Productive Use
This legislation would help interested municipalities return vacant and abandoned properties to productive use by authorizing them to create land banks and by giving land banks useful new tools. These land banks can hold properties at a time when there is no private market interest, ensure that they are well maintained, and package them to promote economic development and community revitalization.
If you have any questions, please contact Robbie Silverman at 312-759-8251 or firstname.lastname@example.org.
Support HB 1574: Protect Innocent Renters From Losing Security Deposits Because Of Foreclosure
The fourth bill was developed by the Sargent Shriver National Center on Poverty Law and Housing Action Illinois.
Under Illinois law, when ownership of a rental property changes, any new owner becomes responsible for the tenants’ security deposit – except when that new owner is the bank after foreclosure.
Tenants living in foreclosed properties deserve the same right to collect their security deposit from their current landlord, just like any other tenant – even if that landlord is the bank. Indeed, the City of Chicago passed an ordinance in 2010 that made banks, like any other owner, responsible for security deposits. But renters living outside of Chicago remain unprotected. HB 1574 will:
We need your support to pass these bills!
If you would like to support this package of foreclosure-related legislation, there are three ways you can help:
1) Add your organization to the list of supporters: Sign on as a supporter of these pieces of legislation by replying to this email confirming your support and letting us know how you would like your organization to be listed.
2) Authorize us to sign a slip in support of this legislation on your organization’s behalf during various legislative hearings in Springfield. To do this, reply to this email with your name, your organization’s name, and your organization’s address, and note that we may slip in support on your organization’s behalf.
3) Call your state representative in Springfield and voice your support for the bills. We particularly need calls to the Housing Committee members:
You can get more information on the legislation and the phone numbers for legislators at www.ilga.gov.
|2/2/09||Illinois Housing Counselors Update|