City offering homeowners free foreclosure help

April 18, 2009 (CHICAGO) Mayor Daley made the announcement Saturday during a Borrower Outreach Day, saying a series of such events will help residents better understand mortgages and learn whether they are eligible for some type of assistance.

Daley says the city has already helped 3,000 homeowners avoid foreclosure. One such homeowner praised the help she received Saturday:

"They listened to me. They understood my concerns, and as a result, I got the help that I needed. And I continue to be confident in keeping my home," Doris Taylor said.

"Once a home is foreclosed and the sign goes up there, it affects everybody on the block. Criminal activity all of a sudden takes place, and people wonder how long is that abandoned building going to be there. That is a crisis," said the mayor.

Daley also warned against scams that charge homeowners for phony offers of help.

Also Chicago officials say the city will co-sponsor a "Fix Your Mortgage" event on May 2, in conjunction with Neighborhood Housing Services of Chicago, the MacArthur Foundation and Attorney Guaranty Fund, Inc. The event is scheduled from 9 a.m. to 2 p.m. at the Chicago Police Academy at 1300 W. Jackson Blvd. To register, please visit Copyright © 2022 WLS-TV. All Rights Reserved.