ROSKAM STATEMENT HIGHLIGHTING HELP FOR HOMEOWNERS
Congressman Peter J. Roskam (R-IL) issued the following statement today to highlight resources to help keep homeowners out of foreclosure:
"In the past 6 months, we have seen some of the shine come off the housing market across the nation. Subprime lending has shaken the foundation under many homeowners, threatening foreclosure for too many. Those currently under duress need help in the near term, and we need to look at long term policies that will best facilitate a vibrant housing market with expanding homeownership and sound fiscal policy."
The Homeownership Preservation Foundation (www.995hope.org), NeighborWorks America, and the Housing Policy Council of the Financial Services Roundtable have developed a toll-free hotline (888-995-HOPE) offering free foreclosure prevention counseling. Independent, non-profit counselors approved by the Department of Housing and Urban Development provide the counseling. This toll-free hotline is available to any homeowner in America, 24 hours a day, seven days a week. Today, the Ad Council will launch a national advertising campaign for the 888-995-HOPE hotline.
"As a member of the Financial Services Committee, I recognize the increasingly pressing needs of families and homeowners in Illinois' Sixth Congressional District and those across the country. Foreclosures are bad for everyone. Without homeowners, neighborhoods, schools and local businesses will suffer from depressed home values and a lack of community roots and tax base.
"It's crucial for homeowners to take action immediately when they see storm clouds on the horizon," said Dru Bergman, Executive Director of the DuPage Homeownership Center. "We're grateful that Congressman Roskam is drawing attention to the needs of distressed homeowners. The worst thing people can do when they start getting foreclosure notices is to bury their heads in the sand and think it's going to go away. In addition, they should seek counseling from agencies like the DuPage Homeownership Center that are certified by the Department of Housing and Urban Development and have no vested interest in the deal, but can instead offer objective advice. Be especially leery of foreclosure rescue programs that sound too good to be true."
"It is my hope that any of my constituents feeling the weight of just such a financial burden will use this helpful tool," Roskam continued. "Owning a home is much more than simply knowing you have a roof and four walls to shelter your family. The people of Illinois' Sixth District know that homeownership forms the bedrock of our communities. It is a fundamental part of the American dream, and this hotline will help many protect the investment they have made in owning a home."
A non-profit housing counseling agency located in Wheaton, the DuPage Homeownership Center offers a variety of programs to empower individuals and families to become and remain successful homeowners in the high-cost DuPage housing market. The Center is certified by the U.S. Department of Housing and Urban Development to provide both prepurchase and default counseling and by AARP to provide reverse mortgage counseling. For more information, visit www.dhoc.org or call the Center at 630-260-2500.