More than 500,000 people have checked out the Illinois Foreclosure Prevention Network since it began a year ago. “IFPN coordinates every available statewide resource for homeowners, and provides critical tools, such as counseling,” IHDA executive director Mary Kenney said in a statement. “Studies show that housing counseling nearly doubles the chances of mortgage modifications and reduces the likelihood of re-default by at least 67 percent.”
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Some of the help available even includes mortgage payments for those who qualify. Kenney says myriad economic problems – including people now in much lower-paying jobs than previously – have led to foreclosure being a part of life for some who never imagined it.