March 27 FREE “Fix Your Mortgage” Foreclosure Prevention Event In the Morgan Park Community on Chicago’s Far South Side

Free, professional assistance to help homeowners at risk of foreclosure modify their loans.

--(EON: Enhanced Online News)--Neighborhood Housing Services of Chicago, Inc.:

WHEN:
Saturday, March 27, 2010, 9:30 a.m. to 2 p.m.

WHERE:
Morgan Park High School, 1744 West Pryor Avenue, Chicago, IL 60643, (111^th & Vincennes Ave.)

WHAT:
The “Fix Your Mortgage” foreclosure prevention event offers free, on-site loan modification application assistance and information to qualified, at-risk homeowners. This is the first of three to six such events to be held in 2010 and co-sponsored by the City of Chicago (www.cityofchicago.org), Neighborhood Housing Services of Chicago (www.nhschicago.org) and Attorneys’ Title Guaranty Fund (www.atgf.com).

At the March 27^th event, volunteer real estate attorneys and HUD-certified counselors will review, FOR FREE, homeowners’ paperwork and determine if they qualify for assistance under the “Homeowner Affordability and Stability Plan” – known as “Making Home Affordable” — http://www.makinghomeaffordable.gov. If so, an application will be prepared on-site and submitted to the loan servicer THAT DAY via the Internet.

Two additional “Fix Your Mortgage” events are currently scheduled:

• Saturday, April 24, 2010, 9:30 a.m. to 2 p.m., Lane Tech High School, 2501 W. Addison, Chicago, IL 60618.

• Saturday, June 5, 2010, 9:30 a.m. to 2 p.m., Curie High School, 4959 S. Archer Ave, Chicago, IL 60632.

WHO:
Residents:
The event is intended to help Chicago homeowners at risk of foreclosure determine if they may be eligible for help under the federal government’s foreclosure assistance plan. If so, they will receive assistance completing and submitting their online loan modification applications to their lenders.

Homeowners may be eligible if they:

• Are behind on their mortgage or are at risk of foreclosure.
• Are owner-occupants of a one- to four-unit property.
• Have a loan that was originated before January 1, 2009.
• Have income that will support monthly mortgage payments (even if it’s reduced).
• Have a mortgage payment that exceeds 31 percent of their gross income.

Sponsors:
The City of Chicago, Neighborhood Housing Services of Chicago (NHS) and Attorneys’ Title Guaranty Fund (ATG).

For more information or to register, call NHS of Chicago at [phone] (English) or [phone] (Spanish). REGISTRATION IS STRONGLY ENCOURAGED.

Additional information can be found at the following websites: the City of Chicago: http://egov.cityofchicago.org/city/webportal/portalEntityHomeAction.do?entityName=Community+Development&entityNameEnumValue=204, ATG: www.atgf.com and NHS: http://www.nhschicago.org.

About Neighborhood Housing Services of Chicago

A nonprofit organization established in 1975, Neighborhood Housing Services of Chicago, Inc. (NHS) is committed to offering Chicago residents affordable resources so they can buy, maintain and sustain their homes. It partners with residents, block clubs, neighborhood organizations, financial institutions, the City of Chicago, insurance companies, corporations and foundations so that families can protect and preserve their single biggest investment—their homes. NHS is a charter member of the NeighborWorks® America network. Today, there are more than 230 network organizations working to revitalize communities with affordable mortgage financing and comprehensive homebuyer counseling.