Nonprofit wants to help Illinois homeowners in foreclosure

April 17, 2015 10:52 PM

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A Boston-based nonprofit is looking to help some Illinois homeowners in foreclosure stay in their homes.

The Chicago Tribune (http://trib.in/1DR6g21 ) reports Boston Community Capital wants to buy mortgages of homeowners in foreclosure from lenders at a reduced price. The homes would then be sold back to homeowners at the current market value. Homeowners would have lower mortgage payments.

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