Mortgage Foreclosure Mediation
Working with the Chief Judge and local housing advocacy groups we were able to provide $3.5 million to start a mortgage foreclosure mediation program within the Cook County Court System. This program provides for legal assistance and mediation between lenders and homeowners. All of which helps members of the Cook County community remain in their homes.
Between mid-April and early-December, the Mediation Program had fielded 20,600 calls to the hotline administered by the Illinois Housing Development Authority and scheduled 5, 740 appointments between Cook County residents and housing counselors. The success rate of complete mediations, meaning agreements reached between homeowner and a foreclosing lender was at 61% in early-December.
For more information, please visit http://cookcountyforeclosurehelp.org/.
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