City Hosts Borrower Outreach Day To Educate Homeowners

By Marcus Gilmer in Miscellaneous on Oct 23, 2008 5:40PM

It seems strange to be touting a foreclosure workshop, but with third-quarter home foreclosure filings up 71 percent over the same period last year, it's a pressing topic. This weekend, the City of Chicago will be holding a Borrower Outreach Day, a non-profit homeownership preservation workshop to help troubled homeowners learn more about their options. Professional financial advisers and representatives from dozens of major lending banks will be on hand to help. There will also be loan work-out sessions with counselors and lenders, access to free legal assistance, various workshops and information about the City's financial literacy programs. To reserve a spot at the workshop, contact the Department of Housing at 312-742-0635.

Saturday October 25, 9 a.m. to 2 p.m., Washington Park Fieldhouse, 5531 S. King Drive