The Associated Press reported this week that foreclosure activity in Illinois rose 17.6% last month, ranking it eighth in the country. That is why, this week, I chaired a hearing to discuss the effectiveness of federal housing counseling programs, including those targeted at stopping foreclosure. We were delighted to welcome Debra Olson, from the DuPage Homeownership Center, to testify about her program's success in helping 279 families avoid foreclosure over the last year.
As a former real estate attorney myself, I know that good counselors can help to guide borrowers through the arcane world of mortgage finance -- steering them away from foreclosure. If you or someone you know is struggling to make mortgage payments, please don't hesitate to call my office at (630) 655-2052, and we will connect you with a HUD-certified counselor here in Illinois who has the experience and training to help.