COVID-19 recession could double Illinois’ delinquent mortgage rate in 2020 – Illinois Policy

Illinois’ housing market was one of the weakest in the nation prior to 2020. Up to 130,000 homeowners could fall behind on their mortgage payments if state lawmakers fail to provide relief.
1 Comment
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
Freddy
3 years ago

Mortgages are affordable due to historic lows in interest rates but property tax’s are not. You can work with the lender and have payments lowered or deferred for a while but property tax’s are completely off the table. There is no negotiating with tax’s. If you are late 1 1/2% per month in late fees.No partial payments allowed. So many could keep there homes if tax’s were capped at 1% like Indiana but will lose them to excessive tax’s.

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check all you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

Gov. Pritzker is using the threat of budget cuts to get more tax hikes passed – Wirepoints joins Tom Miller of WJPF Carbondale

Ted joined Tom Miller of WJPF to talk about the details of Gov. Pritzker’s proposed $52 billion budget, why the state is struggling now that federal covid dollars have run out, the controversy surrounding Tier 2 government pensions, why Illinois’ expensive education system fails to teach children to read, the outrageous demands of the Chicago Teachers Union, and more.

Read More »

Public education staffing has ballooned over the years…yet kids still can’t read – Wirepoints on with Jeff Daly of WZUS Decatur Radio

Ted joined Jeff Daly to discuss how politicians can never spend enough on education despite there being no accountability for that spending, the growth of education staffing across Illinois, Mayor Brandon Johnson’s $1 billion demand for Chicago schools, why Gov. Pritzker is providing $830 million in taxpayer subsidies to struggling EV carmaker Rivian, and more.

Read More »

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE