Residential Property Tax Information
Home Ownership & Foreclosure Prevention
Home Ownership
Illinois Treasurer’s Office: Understanding Home Ownership
Owning a home has been called an American Dream. But signing up for the wrong kind of loan can quickly turn homeownership into a financial nightmare. The link above will provide you with tips from the Illinois State Treasurer on how to prepare for homeownership and recover from foreclosure once its begun.
Additional Homeownership Resources:
HUD-approved housing counselors
Avoid Predatory Lending
Foreclosure Prevention
Millions of American homeowners are facing tough financial choices created by a tightening economy and rising interest rates which are sending monthly payment rates up for many adjustable-rate mortgage holders. If you or a friend or loved one is struggling to hold on to your home the links below can help provide you with an overview of the current mortgage crunch, what it may mean for you, and what options you might want to consider in order to stay current on your mortgage and avoid having to sell or face foreclosure.
Read more about homeownership and foreclosure prevention at Illinois’ Tomorrow’s Money website.
Download the IL State Treasurer: Foreclosure Prevention Flier (Prevención de ejecución hipotecaria)
Programs
Illinois Treasurer: Our Own Home Program
The Illinois Treasurer’s Our Own Home Program helps home buyers with less-than-perfect credit secure sustainable loans and provides an alternative to predatory loans that can lead to foreclosure.