On July 19th, 2013 it was announced that the final date to make application to the Illinois Hardest Hit Program® (HHF) will be September 30, 2013.
The Illinois Housing Development Authority (IHDA) has partnered with the U.S. Department of Treasury to offer temporary mortgage payment assistance to households that are struggling with income loss due to unemployment or underemployment, but are working to regain sufficient income to keep their home.
The Illinois Hardest Hit Program offers two types of assistance:
1. Reinstatement assistance to pay mortgage arrearages, fees, and penalties in full, and
2. Monthly mortgage payment assistance to pay 100% of the mortgage payment owed to the servicer for up to 18 months while the household makes monthly contribution payments to the Illinois Housing Development Authority during their enrollment in the program. Maximum assistance is $35,000.
* In some rare instances, after assistance ends participants may still have an underfunded escrow and/or additional fees owed to their lender.
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Visit: https://www.illinoishardesthit.org/ for more info!
Rich Ayers is a licensed Real Estate Managing Broker in Illinois. Ayers Realty Group has EXPERIENCED Brokers who specialize in Residential and Investment real estate in Naperville, Oswego, Plainfield and the surrounding suburbs of Chicago. We are a "Paperless" real estate brokerage and operate our business with the most advanced cloud-based software. We also own and manage our own portfolio of investment properties. Visit our website at www.AyersTeam.com or follow us on Facebook or connect with us on LinkedIN.
