Home Ownership Housing Counseling

By
Home Inspector with Elliott Home Inspection

With all the business being generated by Foreclosures one would think those of us in the industry should care less about those foolish enough to sign Adjustable Rate Mortgages,without understanding the possible consequences.

Luckily there are people that care ,and a city  service which helps people whom were the subject of predatory practices.

Many Real Estate professionals have donated time, to help homebuyers educate themselves on the many asspects of Home ownership.

The Department of Housing

The Department of Housing provides a range of services designed to:

  • Improve availability of Housing
  • provide access to public and private resources
  • effect public policy

Part of the city services provided through this department are Housing counseling centers.

  • They assist first time buyers who need pre-purchase counseling
  • They explain the home buying process to all that wish more knowledge of the procedures
  • Give advice to all those whom are behind or at risk of being behind in Mortgage payments

I was privileged to be selected or invited to attend a first time Home buyer counseling session and provide insight into the Home Inspection process and hope to continue doing so in the near future.

These are all our future clients and should not be overlooked.

Here is a shot of Minister Frankie Freeney at the Noble Neighbors counseling center.

Located at 1345 n Karlov 773-252-8524

There are other centers throughout the city.

She is holding up an example of predatory lenders advertising.

home owner counciling

Comments (4)

Dale Baker
Baker Energy Audits and Commercial Properties Inspections - Claremont, NH
New Hampshire Relocation Real Estate Information

Howdy Bob

my friend.

What a fine helpful post for New Home Buyer's to read.

I hope you are invited to more of them also.

You are a good man for the job!

Hace a

 

 

Mar 20, 2008 12:15 PM
Bob Elliott
Elliott Home Inspection - Chicago, IL
Chicago Property Inspection

Hi Dale

I have been invited back and hope to get more involved in educating the public.

There is much out there in the way of selling people, but not enough in helping them to understand options.

Love the caricature. He looks like a good avatar choice for you ,my friend.

Mar 20, 2008 02:05 PM
Greg Zaccagni
The Federal Savings Bank - Wheaton, IL
Illinois Mortgage Lender

The new IL mortgage lending legislation goes into effect July 1st and will require anybody choosing neg am products or ARM's less than 3 years in duration to take mandetory counseling before they can close this loan type.  Let's hope this helps the situation. 

www.MortgageAdvisor.info

 

Jun 27, 2008 02:37 AM
Bob Elliott
Elliott Home Inspection - Chicago, IL
Chicago Property Inspection

I will be going back Tommorow, so it should be interesting to see how Minister Freeny handles the session.

Seems all this talk of preditory lending , had some importance to us all.

Sep 26, 2008 11:51 AM