Certified Forensic Loan Auditors, LLC

 
  Upcoming Classes

Search CFLA's Article Archive:

Freeport Gets $2.5M of $70M 'Robo-signing' Settlement

journalstandard.comJuly 26, 2013

FREEPORT — A nonprofit housing counseling agency will receive $2.5 million to redevelop neighborhoods in Freeport, Rockford and Belvidere and help those hit hardest by the national foreclosure crisis.

Illinois Attorney General Lisa Madigan’s office is distributing $70 million to help Illinois communities recover from the housing crisis.

The money represents Illinois’ share of a $25 billion national settlement with the country’s five largest bank mortgage servicers.

The banks were accused of fraudulent practices during foreclosure proceedings including “robo-signing.” That means having employees sign papers they haven’t read or using fake signatures to speed foreclosures.
Freeport-based Homestart, which has an office in Rockford, will receive $2.5 million of the settlement. The agency was established this year by the merger of Rockford Area Affordable Housing Coalition and Neighborhood Housing Services of Freeport.

It is a massive investment for the organization. The Rockford coalition had $397,464 in revenue in fiscal 2012, according to IRS documents, while Neighborhood Housing Services had $195,118 in revenue in 2011, the most recent IRS records available.

Homestart and its partners — which include the city of Rockford, the Winnebago County Health Department, Rockford Housing Authority — are collaborating to redevelop properties in three neighborhoods. The money will also support a new Home Resource Center, providing a central location for counseling, financial literacy and other housing-related education for homeowners in a 10-county area.

In addition, Homestart and its partners support housing counseling services in connection with the 17th Judicial District’s pilot court foreclosure mediation program.

Madigan says the $70 million is “a down payment” to help families, boost the housing market and stabilize communities.

An advisory council helped decide how to distribute the money.

 

Need to know

What: Freeport-based Homestart will share a $2.5 million award with the city of Rockford and several other agencies to help those affected by the national foreclosure crisis. Homestart is the agency formed this year by the merger of Rockford Area Affordable Housing Coalition and Neighborhood Housing Services of Freeport.

Team partners: Winnebago County Health Department, Comprehensive Community Solutions, Gorman and Co., Bridge Rockford Alliance, Winnebago Homes Association, Jeremiah Development, Swedish American Foundation, Hands That Help/Pilgrims Promise, 17th Judicial Circuit Court, Neighborworks America, Resolutions Systems Institute, Rockford Housing Authority.

Where: The geographic scope of this award includes Boone, Ogle, Stephenson, Whiteside, Jo Daviess and Carroll counties; the villages of Winnebago and Lee; and the cities of LaSalle, and DeKalb.

What they’ll do: Homestart and its partners will redevelop properties in three neighborhoods in Rockford, Freeport and Belvidere. Additionally, the money will support a pilot foreclosure mediation court program and a resource center providing counseling, financial literacy and other housing-related education.

Source: Illinois attorney general’s office

 

Back to July 2013 Archive

CFLA was founded by the Nation's Leading Foreclosure Defense Attorneys back in 2007 to serve the Foreclosure Defense Industry and fight pervasive Bank Fraud. Since opening our virtual doors, CFLA has rapidly expanded to become the premier online legal destination for small businesses and consumers. But as the company continues to grow, we're careful to hold true to our original vision. For us, putting the law within reach of millions of people is more than just a novel idea—it's the founding principle, just ask Andrew P. Lehman, J.D.. With convenient locations in Houston and Los Angeles, you can contact Our National Account Specialist and General Manager / Member Damion W. Emholtz at 888-758-2352 for a free Mortgage Fraud Analysis or to obtain samples of work product, including cutting edge Bloomberg Securitization Audits, Litigation Support, Quiet Title Packages, and for more information about our Nationally Accredited and U.S. Department of Education Approved "Mortgage Securitization Analyst Training Certification" Classes (3 days) 24 hours for approved CLE & MCLE Credit (Now Available Online).

SEE BELOW- http://www.certifiedforensicloanauditors.com

Call us toll free at 888-758-2352

Bookmark and Share
spacer
Facebook Like us on Facebook
Twitter Follow us on Twitter
YouTube View our YouTube Videos
LinkedIn Connect to us on Linkedin
 
BBB Logo

 

spacer
Contact us or view our Sample Documents & Audits by completing the form below.

  • Reload
  • Should be Empty:


 

DVD Sets Only $99

 

FREE Mortgage Fraud Analysis

 

Order Cutting-Edge Services Now

 

Quiet Title Packages from Licensed Attorneys

 

Affiliate Services

 

CFLA Sponsored Attorney Links

 

Take-Home Education Package

 

ALB Law Firm

 

Advocate Legal

 

The True News Network

 

Sutton Law Firm, P.L.L.C.

 

Rubenstein Business Law

 

Atighechi Law Group

 

Scunziano & Associates

 

Get Certified to Perform Mortgage Securitization Audits

 

CFLA Training Academy

 

Expert Witness Services

 

Cutting Edge Expert Securitization Reports

 

CFLA Credit Cards

 

Breaking News

 

Letters to the Editor

 

CFLA Weekly Newsletters

 

Code of Ethics

 

Testimonials

 

Instructional Videos

 

Job Opportunities

 

License Opportunities

 

MARS Rule

 

Product Samples

 

Resource Links

 

Servicer Information

 

Foreclosure Laws

 

REST Report

 

Quiet Title Packages from Licensed Attorneys

 

Advertise on CFLA

 

Advertising Space: Mortgage Securitization, Quiet Title

 

Certified Forensic Loan Auditors, LLC
13101 West Washington Blvd.
Suite 444
Los Angeles, CA 90066

Phone: 832-932-3951
Toll Free: 888-758-CFLA (2352)
Mobile Users: CLICK TO CALL
info@certifiedforensicloanauditors.com

   
 
CFLA IS NOT A LAW FIRM AND DOES NOT PROVIDE ANY LEGAL ADVICE. CFLA DOES NOT OFFER FORECLOSURE CONSULTING OR FORECLOSURE RELIEF
SERVICES. CFLA DOES NOT OFFER OR ASSIST WITH ANY LOAN MODIFICATION SERVICE. CFLA ALWAYS RECOMMENDS THAT CLIENTS RETAIN COMPETENT COUNSEL IN THEIR RESPECTIVE JURISDICTION. CFLA HAS A FREE PROGRAM TO REFER CFLA CLIENTS TO LAW FIRMS IN NEARLY EVERY STATE AND CFLA
DOES NOT CHARGE OR OBTAIN REFERRALS FEES FOR THESE SERVICES. SERVICES NOT OFFERED TO RESIDENTS OF THE STATE OF NEVADA.

 
Home About Us Privacy Policy Terms of Service Disclaimer SERVICES Careers Contact Us
 
COPYRIGHT © 2007-2016 Certified Forensic Loan Auditors ™ All rights reserved