Foreclosure and Loan Modification Blog

Illinois Hardest Hit Fund Helps Senior Avoid Reverse Mortgage Foreclosure

Recently our firm was hired by a homeowner in Chicago, Illinois who needed help saving her home from foreclosure. To protect her privacy, I'll call this client “Ms. Campbell”.

Ms. Campbell's home was scheduled to be sold in a foreclosure auction in March, 2018. She hired us in January. Retaining an experienced law firm like ours that has a record of helping people in her situation was the smart thing to do, but it's better to do so before a sale date is scheduled.

With so little time until the scheduled foreclosure sale, would we be able to save her home?

Unlike most people facing foreclosure, Ms. Campbell wasn't past due on her mortgage payments. She doesn't even have mortgage payments. She was facing foreclosure on her reverse mortgage, which takes advantage of the equity she had in her home.

How Hardest Hit Helps Homeowners

The Hardest Hit Fund (HHF) was created by the federal government in 2010 to give financial aid to struggling homeowners in states that were most negatively impacted by the housing crisis and recession through loan modifications, mortgage payment assistance, and transition assistance programs. States were selected to receive funds from the program based on having above average rates of unemployment and decline in housing prices.

About this Blog

Amerihope Alliance Legal Services is a leading loan modification and foreclosure defense law firm with attorneys licensed in 5 states. We have helped over 7,000 homeowners fight back and keep their homes.

Click to Read Our Super Loan Mod Success Stories

Our goal is to provide valuable information to help homeowners who are trying to obtain a loan modification or to stop foreclosure. You may schedule a free consultation at any time.

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