Keep Your Home: Apply for President Obama's Loan Modification Program

These events provide assistance to homeowners who are struggling with their mortgage payments. At these events, homeowners will be able to meet one-on-one with a volunteer (including attorneys and housing counselors) who will determine if the homeowner is eligible for the federal Home Affordable Modification Program announced by President Obama. If the homeowner appears to be eligible for the program and has brought all necessary documentation, the volunteer will assist in the completion and submission of the application for a loan modification to the mortgage servicer.
 
You may be eligible for a loan modification if you:
✓ Are behind on your mortgage or at risk of foreclosure
✓ Are an owner–occupant of a 1 to 4 unit property
✓ Have a loan that was originated before Jan. 1, 2009
✓ Have income that will support monthly mortgage payments
 
All borrowers on the loan MUST be present and should bring copies of these documents:
• Two most recent pay stubs
• Two most recent bank statements
• Real estate tax bill
• Most recent utility bill
• Homeowners Insurance bill
• Most recent tax return
• Most recent mortgage statements for both first and second mortgage, if applicable
• Account balances and monthly payments on all other debts including: homeowner association/condo fees, credit cards, student or car loans, child support and alimony
• Profit-loss statement if you are self-employed
• Proof/Documentation of income from any other sources such as alimony, child support (judgement letter); Social Security income (award letter)
• If you have rental income, you must bring: Signed lease agreement(s); and rent receipt(s) or signed letter from occupant(s) confirming rent amount
 
For more information, call Marlene Corral at (312) 850-2660 (English and Español).   

Location: 
Maryville Academy, 1150 N. River Road, Des Plaines, IL
Start Date: 
September 11, 2010 - 9:00am - 2:30pm