November 8, 2016The FHA 203(k) Loan ProgramUnder normal circumstances, lenders will not provide mortgages for homes that are not habitable. Buying a home and fixing it up, often […]
November 7, 2016Underwater PropertiesA property is considered to be “underwater” where the loan used to secure the purchase of a property has a balance that […]
November 7, 2016What is Dual Tracking in Foreclosure?Dual tracking is a common practice in which a lender continues to pursue foreclosure even though the homeowner is applying for a mortgage […]
November 6, 2016Strategic Default ConsequencesStrategic Default May Be a Risky Option for Many Borrowers Two recent reports by the Office of the Inspector General of the […]
October 2, 2016Challenging a Trustee Plaintiff’s Standing to Maintain a Foreclosure Lawsuit in IllinoisAn Article by Damon Ritenhouse and Prashant Vallury This article explores the process of securitization in the mortgage industry and how it […]
July 18, 2016Think Before You AnswerAn EV Has Blog Post by Brittany Earl, Esq. Edited by Prashant R. Vallury The effects of foreclosure are felt nationwide. Property […]
June 5, 20163 Things to Know About Credit and Forbearance AgreementsA March 2014 ruling by the Appellate Court of Illinois, First Judicial District, has reversed the prior decision of the Circuit Court […]
June 4, 2016Property Owners Now Need an Attorney at Administrative HearingsA recent judgment by the Appellate Court of Illinois, First Judicial District, has changed the way property owners and corporations must approach […]
April 5, 2016Cash for Keys to Avoid Foreclosure in Chicago“Cash for keys” is a term often used to describe the offer made when a bank or investor wishes to avoid the […]
April 3, 2016How Homestead Exemption Impacts ForeclosureIllinois Homeowners Could Get a $2000 Tax Break The General Homestead Exemption provides certain property owners with valuable tax breaks under federal, […]
April 1, 2016What is a 1031 Exchange?A 1031 exchange, or exemption, allows commercial investors to defer property sales taxes in certain cases. The 1031 exemption is often used […]