November 15, 2016
Predatory lending is a term used to describe the process by which one party imposes unfair and abusive loan terms on borrowers. […]
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Chicago Foreclosure Defense Lawyers
November 15, 2016
Before the securitization process, a bank would issue a loan to a borrower. The same issuing bank collects the loan payments for […]
November 15, 2016
Many people, including many lawyers believe that the only defenses to foreclosure is payment of the mortgage, this is a misnomer. The […]
November 15, 2016
The fall of the housing market and the credit crunch impacted the entire housing industry including home builders, developers, contractors, material companies, […]
November 8, 2016
Over the years, the federal government instituted many laws to protect the residential consumer. Lenders tend to follow the necessary guidelines; however, […]
November 8, 2016
The rise in the real estate market values increased the taxes levied upon homes. As a result, homeowners are now not only […]
November 8, 2016
As previously stated, 1 in 5 mortgages in the United States is considered a subprime mortgage 57. Many of these loans are in […]
November 8, 2016
The assignment for the benefit of creditors is a common tool used to assist insolvent business entities in discharging of their debts. […]
November 8, 2016
Under normal circumstances, lenders will not provide mortgages for homes that are not habitable. Buying a home and fixing it up, often […]
November 7, 2016
A property is considered to be “underwater” where the loan used to secure the purchase of a property has a balance that […]
November 7, 2016
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, 2016
Strategic Default May Be a Risky Option for Many Borrowers Two recent reports by the Office of the Inspector General of the […]
