$196K In HUD Funds To Be Used For Foreclosure Prevention Counseling

The U.S. Department of Housing and Urban Development announced more than $10 million in housing counseling grants in "an effort to help families keep their homes and avoid mortgage scams" on September 2, 2011. Nine Chicago-area housing counseling agencies will share more than $196,000 to be used specifically for assistance related to foreclosure prevention counseling, mortgage modifications and mortgage loan scams, according to the Chicago Tribune.

The disbursements are unspent funds from the 2010 appropriation and awarded to HUD-approved housing counseling agencies. “It is crucial that we support these agencies in helping struggling families do whatever is possible to avoid foreclosure without being victimized by so called mortgage ‘rescue’ companies,” HUD Secretary Shaun Donovan said in the press release.

The Tribune reported that the local agencies receiving funding were Latin United Community Housing Association, Rogers Park Community Development Corp., S&S Development Group, South Suburban Housing Center, Will County Center for Community Concerns, Parkers in Charity, Inc., DuPage Homeownership Center, Inc., and Interfaith Housing Center of the Northern Suburbs. Funding for the agencies ranged from more than $19,000 to almost $27,000, according to the Tribune.

The money being channeled toward foreclosure help may not be enough for many people currently struggling through hard times. One way to eliminate bills and stop foreclosure is to file for bankruptcy. Our Chicago bankruptcy lawyers can help answer all your questions about a Chapter 13 or Chapter 7 process and reach a debt settlement that will end creditor harassment. Whether you have heard of a bankruptcy means test or not, you can contact our firm for a free initial consultation that can answer all of your questions and help you get deserved relief today.

Benjamin Brand Services - Chicago bankruptcy attorneys

Start Your Questionnaire

How may we help you?

Schedule an appointment today.

Why Choose Us?

  • You can meet with an experienced law Partner in the Firm not some associate.
  • We concentrate in foreclosure defense and bankruptcy so we have more options to offer you then other attorneys
  • We also represent individuals in Chapter 11's that offer better loan workout and restructuring options then Chapter 13 and most bankruptcy lawyers do not know how to do it.
  • We offer a free no obligation consultation where we will discuss your option or options, tell you the pros and cons of each one, the fees and costs and help you make an informed decision. There can be more then one solution!
  • We offer affordable payment plans and fixed fees in most cases.