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County to close mortgage foreclosure fund; remaining balance to move to law library fund
Summary
County staff asked the committee to close the mortgage foreclosure fund (created in 2011) after the Administrative Office of Illinois Courts approved closure; about $1,700 remains and staff proposed transferring it to the law library fund to support the self‑help center.
County court administration asked the Peoria County committee to close the mortgage foreclosure fund, a fund used to track revenues and expenses of the residential mortgage foreclosure program that began in 2011. The speaker said the Administrative Office of Illinois Courts approved the fund closure after a review concluded the program was no longer financially sustainable.
Why it matters: Closing the fund shifts remaining resources to an existing resource that serves homeowners and maintains access to assistance for foreclosure and other civil matters.
Staff said the mortgage foreclosure fund had an approximate remaining balance of $1,700 and requested that amount be transferred to the law library fund, which operates the court's self‑help center. The presenter said the self‑help center averages about 230 patrons per month and provides in‑person assistance for evictions, small claims, foreclosures, divorce and family cases; the center's court navigator previously worked with the mortgage foreclosure program and retains expertise to assist homeowners.
The committee voted to close the fund and transfer the balance to the law library fund; no additional appropriations were requested at the meeting.
