Political Action Voices Heard Loud and Clear…

002  The Voice of Frustration over the number of homes being foreclosed was Heard Loud and Clear today at James R. Thompson Center.

Several Political Action Neighborhood Associations met at a rally to voice support for a $1,000 fee on all judicial foreclosure sales in Illinois that would be used to try to prevent foreclosure.

 

  • The $1,000.00 fee would be collected from purchasers at a Sherrif Sale.
  • The collection of this fee would affect most lender’s  because they are usually the ones who buy back the property at a Sheriff Sale.
  • The fee would go into a Foreclosure Prevention Fund and help finance foreclosure prevention programs, organizations who are assisting homeowners who are delinquent on their mortgage.
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