Chicago Condo Directory

July 23, 2009 - If you are one of the many Chicago home mortgage holders who are having difficulty keeping above water, then you may want to reserve a spot to attend the “Save The Dream Tour” sponsored by The Neighborhood Assistance Corporation of America. The event starts tomorrow (July 24th) and runs through July 27th from 9AM to 8PM at the McCormick Place North on 2301 South Lake Shore Drive. It isn’t required, but you may want to register for a spot in case there is a large turnout. You can do that by calling 1-888-499-6222, according to an article in the Sun Times.

The NACA is offering free assistance in mortgage modification and for qualifying persons, can modify immediately. The article stated that this non-profit national organization has previously been able to reduce some interest rates as low as 2%. They will have around 250 counselors there to assist Chicago real estate owners and representatives from several lenders, including Fannie Mae, Wells Fargo, JP Morgan Chase, Bank of America and Countrywide will also participate.

There are several documents you will need to bring with you. Those include your most current property tax bill, mortgage statement, last two bank statements, 30 days worth of pay stubs or some other proof of your income, proof of your homeowner’s insurance plus a letter explaining why you need help.

This could potentially be a lifesaver for Chicago condo or homeowners who are facing foreclosure. Even those who own New Chicago Condos and are concerned about their mortgage rates might benefit from attending this four day event.

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