Losing your home doesn’t have to be an option!
LUCHA’s Housing Counseling Advocacy team works with households to mitigate potential and impending cases of foreclosure. If you or anyone you know is experiencing foreclosure, call a LUCHA Foreclosure Intervention Specialist at 773-489-8484 to make an appointment and discuss possible solutions.
Navigating the foreclosure process alone can be stressful, confusing, and time consuming. Our counselors help you:
- Review your credit and personal finances
- Explore loss mitigation options
- Identify ways to cut your monthly expenses
- Apply for a loan modification
- Compile a packet and letter to send to your lender
- Negotiate with your lender
LUCHA’s Foreclosure Prevention Workshops
Since the housing market collapsed in 2008, LUCHA has lead local agencies in mitigating the experience of foreclosure for Chicagoans. Often, families will be living in homes valued below their remaining mortgage. There are others can’t afford to continue paying their mortgage due to extenuating circumstances. As a Freddie Mac Borrower Help Center, LUCHA acts as a liaison between banks, lenders, and people experiencing foreclosure in order to maximize homeownership retention opportunities.