As Chairman of the DCBA Real Estate Committee, Lora Fausett would like you to join us at this informative meeting re: available options for struggling homeowners.

Please Join Us for the Next
Affordable Housing Breakfast
Thursday, January 16, 2014
7:30 – 9:00 am

Location: Wheaton College

Anderson Commons – 1st Floor of the Todd Beamer Center
(East side of Soderquist Plaza, north of College Ave., Wheaton)

Agenda
Welcome & Opening Prayer
Dr. Vincent Bacote, Director – Wheaton College Center for Applied Christian Ethics

Introductions and Announcements
Debra Olson –DuPage Homeownership Center

Financial Fitness Collaborative – Education and Counseling for Low-income  Households

Introducing our Panel –
Debra Olson, DuPage Homeownership Center Board of Directors
Barb Szczepaniak, Executive Director, DuPage Community Foundation
John Hayner,  Executive Director, Bridge Communities
Dave Neary, Executive Director, DuPage Habitat for Humanity
Chris Prod, Housing Counselor, DuPage Homeownership Center

Consumer Financial Protection Bureau Rule Changes Affecting Mortgage Transactions –
Tom Pilafas – Sales Manager, Stewart Title of Illinois

Cost: $15 (pay at the door)
RSVP by Monday, January 13, 2014 to
Joy.E.Trieglaff@wheaton.edu or (630) 752-5886

Parking available north of Soderquist Plaza, Howard St. to University Place
west to Chase St. north, or south of the plaza, College Ave. to Chase St.

For additional information, please contact Jennie Petrine at
(630) 260 2500, ext. 2501 or jennie@dhoc.org.

The recent government shut-down can effect the mortgage application and home closing process. Suspended government agencies and administrations limit necessary form processing that is required for certain cases of home lending and home ownership. Government agencies and administrations effecting the home ownership/lending process include:

1. IRS

The IRS has suspended processing of all forms, including requests for tax return transcripts (including Form 4506T), which can cause delay if the shutdown continues.

2. Social Security

The Social Security Administration is closed and has reduced its customer service functions.  It is not able to verify Social Security numbers during the shutdown, which is problematic during the mortgage application process.

3. HUD

The HUD offices are operating on reduced staff.  Processing of FHA files will likely to be delayed until the shut down is lifted.

 
For more information contact me today

*  This information is not intended to be legal advice. This information is subject to change, please contact us for more information.

1:00 – 4:00 p.m.
Join us and earn 3 CLE hours!
Speaker Richard Guerard will discuss
Real Estate Tax Reduction: What Is It and How Do I Do It
Seminar Cost
DCBA Members: $50
Non-Members: $75
Please Click Here to Register.
Questions? Contact Marija Malacina at mmalacina@dcba.org or 630-653-7779