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Options for distressed residential homeowners in Northeastern Illinois

A general outline/overview/summary of the major options for a residential homeowner in Northeastern Illinois with mortgage balances exceeding the value of their property. Disclaimer: This video is intended for general informational purposes and is not intended to be legal advice or to create an attorney/client relationship. If you have specific legal questions or needs, I highly recommend you contact a local attorney.

Additional resources provided by the author

Another great resource for distressed homeowners is a non-profit credit counseling service like Consumer Credit Counseling Service of Norther Illinois or the Lake County Housing Authority. Some other useful resources are the Department of Housing and Urban Development (HUD) and the Illinois hardest hit program.

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