Illinois Home Foreclosure Prevention Package

State:
Multi-State
Control #:
US-P111-PKG
Format:
Word; 
Rich Text
Instant download

Description

This package provides many different tools for a homeowner to prevent foreclosure of a home. The forms cover various means to obtain assistance at all stages of the foreclosure process. Purchase of this package is a savings of 63% over purchase of the forms individually! Included in this package are the following forms:



1. Letter to Lender for Produce the Note Request


2. Offer by Borrower of Deed in Lieu of Foreclosure


3. Motion to Dismiss Foreclosure Action and Notice of Motion


4. Petition or Complaint to Enjoin Nonjudicial Foreclosure Sale and for Declaratory Relief


5. Petition to Enjoin Foreclosure Sale and Seeking Ascertainment of Amount Owed on Note and Deed of Trust


6. Qualified Written RESPA Request to Dispute or Validate Debt


7. Request to Lender or Loan Servicer for Loan Modification Due to Financial Hardship - Requesting Change to Fixed Rate of Interest of Adjustable Rate


8. Hardship Letter to Mortgagor or Lender to Prevent Foreclosure


9. Sample Letter for Short Sale Request to Lender


10. MHA Request for Short Sale


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FAQ

ILHAF provides up to $60,000 in mortgage assistance to eligible homeowners ? paid directly to the servicer, taxing body or other approved entity.

The Illinois Homeowner Assistance Fund (ILHAF) is a federally funded program dedicated to assisting homeowners who are at risk of default, foreclosure, or displacement as result of a financial hardship caused by the COVID-19 pandemic.

Foreclosure proceedings begin with a complaint filed by the lender. The borrower is served a copy of the complaint and a summons, along with a notice of his or her rights during foreclosure. In most cases, the borrower has 30 days to file a response. Failure to respond will result in a default judgment for the lender.

The Illinois Hardest Hit Fund® program provides mortgage assistance to homeowners who have experienced at least a 15 percent income reduction due to a qualifying hardship event and who meet the eligibility criteria.

You have several options for stopping foreclosure. Negotiating with the lender to reinstate your loan, getting a loan modification, or filing for bankruptcy may be viable solutions for you. However, the essential first step is to speak with a qualified foreclosure attorney to get advice about your specific situation.

What type of loan is this? HHF assistance disbursed by IHDA is given as a 5 year forgivable loan. A lien will be recorded against the property. The total amount disbursed by IHDA is forgiven over the 5 year loan term starting from the date you sign the loan agreement.

Apply by contacting an IDHS Provider Agency in your area. Apply online. Assistance for tenants and landlords with pending cases in eviction court. More information online or call (866) 454-3571.

The Illinois Rental Payment Program is now closed for new application. For struggling renters who missed the window to apply for assistance through IHDA, the Illinois Department of Human Services (IDHS) is currently accepting applications for rental assistance.

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Illinois Home Foreclosure Prevention Package