"Cook County has more foreclosures than any other city or county in the nation,” Gainer said. “Because the problem is so dire and has such a huge impact on our property tax system and communities, we need to be sure that every dollar we spend is an effective one.”
The county began the mediation program in April 2010 with $3.5 million to provide free legal assistance to homeowners and to encourage homeowners and lenders to come to mutually acceptable agreements on delinquent mortgages already in the foreclosure process.
The County Board approved another $3 million through Nov. 30 for the program, which also includes community outreach visits, a helpline, counseling workshops and individual counseling appointments.
Gainer said there is no evidence of wrongdoing or mismanagement, but argued it’s the board’s job to ensure that millions in taxpayer money is being spent prudently".............READ MORE
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