Government-Sponsored Program Set To Help Struggling Homeowners

ROSEMONT, Ill. (CBS) — Chicago has one of the highest delinquent mortgage rates in the country, and a government-sponsored program is being held in Rosemont Monday for struggling homeowners.

As WBBM Newsradio’s Catherine Catalane reports, the homeowners’ community event is being held, for free, at the Donald E. Stephens Convention Center on Monday from 1 p.m. to 8 p.m.

LISTEN: WBBM Newsradio’s Catherine Catalane reports

Andrea Risotto of the U.S. Treasury Department says the Obama administration-sponsored event offers hope and help for people facing foreclosure.

“At this event, homeowners will have the opportunity to meet one-on-one with 16 of the largest mortgage companies – HUD-approved housing counselors – to discuss their options to make their payments more affordable and avoid foreclosure,” Risotto said.

Risotto says attendees should make things easy and bring all of their personal documentation.

“Pay stubs, tax returns, credit card statements, mortgage statements” are among the items attendees should bring, Risotto said.

More information is available at the Web site

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