Mortgage workshops set for at-risk homeowners
Saturday, September 13, 2008
by FRANCINE KNOWLES
Workshops designed to help homeowners at risk of losing their homes or already in foreclosure restructure their mortgages into affordable home loans will kick off in Cook County this weekend.
The Neighborhood Assistance Corp. of America, which locally has helped more than 200 homeowners successfully restructure their loans this year, is teaming with Cook County on the workshops, said NACA housing counselor Nancy Villacorta.
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Foreclosure workshops: where and when
NACA Workshops are currently scheduled for the following dates and locations:
Sat., Sept. 13: New Zion Church, 1950 W. 13th St., Chicago, 9 am-1pm
Sun., Sept. 14: Proviso Math & Science Academy, 8601 W. Roosevelt Rd., Forest Park, 9 am-1pm
Sat., Sept. 20: Sweet Holy Spirit Church, 8621 S. South Chicago Ave., Chicago, 9 am-1pm
Sun., Sept. 21: CVS High School, 2100 E. 87th St., Chicago, 9 am-1pm
Sat., Sept. 27: Cicero Community Center, 2250 S. 49th Ave., 9 am-1pm
Sun., Sept. 28: Logan Square Boys & Girls Club, 3228 W. Palmer St., Chicago, 9 am-1pm
Sat., Oct. 4: Rolling Meadows Courthouse, 2121 Euclid Ave., Rolling Meadows, 10 am-1pm
Sun., Oct. 5: South Suburban College, 15800 S. State St., South Holland, 10 am-1pm
Sat., Oct. 11: Oak Forest Hospital, 15900 S. Cicero Ave., Oak Forest, 10 am-1pm
Sun., Oct. 12: Truman College, 1145 W. Wilson Ave., Chicago, 10 am-1pm
Sat., Oct. 18: McCormick Place, 2301 S. Lake Shore Dr., Chicago, 10 am-1pm
Sun., Oct. 19: McCormick Place, 2301 S. Lake Shore Dr., Chicago, 10 am-1pm
Sat., Oct. 25: Apostolic Church of God in Christ, 6320 Dorchester Ave., Chicago, 10 am-1pm
Sun., Oct. 26: Skokie Courthouse, 5600 Old Orchard Rd., Skokie, 10 am-1pm
The workshops come on the heels of the news from RealtyTrac that foreclosures in Cook County jumped 71 percent to 5,980 in August from a year earlier. One in every 361 homes in the county was in foreclosure last month. Statewide, there were 10,757 homes in foreclosure, up 73 percent.
NACA, a nonprofit community advocacy, and U.S. Housing and Urban Development-certified counseling agency, embarked on a 38-city workshop tour this summer and has assisted tens of thousands of homeowners, Villacorta said.
The agency's Web site cites examples of homeowners whose interest rates were lowered from 11.75 percent to 4.3 percent and from 10.5 percent to 5 percent.
The workshops, which will be conducted in English and Spanish, are slated from 9 a.m. to 1 p.m. today at New Zion Church, 1950 W. 13th St. in Chicago, and from 9 a.m. to 1 p.m. Sunday at Proviso Math & Science Academy, 8601 W. Roosevelt Rd. in Forest Park.
Workshops are scheduled each weekend throughout the county through Oct. 26.
After the workshops, attendees will have counseling sessions with NACA Mortgage consultants.
For more information, call (773) 723-6222 or visit www.naca.com. Click on blue bar under heading "Save the Dream Campaign."