Category Archives: Real Estate
Mortgage Modifications In The Post-HAMP Era
The government’s Home Affordable Modification Plan went away at the end of 2016, but there are still mortgage modification options available to the vast majority of distressed homeowners. Fannie Mae and Freddie Mac both participate in the Flex Modification plan. The process is much the same. Homeowners must have a documented hardship, like a… Read More »
Still Far From Over
RealtyTrac is a real estate information company and marketplace for foreclosed properties founded in 1993 and based in Irvine, California. RealtyTrac publishes a monthly U.S. Foreclosure Market Report which finds that despite improvements in employment and a rising economy, the foreclosure crisis in the United States is still far from over. If you are… Read More »
Defend Your Home From Foreclosure
If you are a homeowner in the Chicago area and you are struggling with overwhelming debt, your home may be or may become at risk for foreclosure. You won’t be alone. Foreclosure affects thousands of families in Illinois each year. If foreclosure becomes a possibility, get legal help and contact an experienced Chicago foreclosure… Read More »
For International Homebuyers
International homebuyers are purchasing more residential properties in the United States than ever before. From April 2013 through March 2014, U.S. home sales to international homebuyers totaled $92.2 billion according to figures from the National Association of Realtors. That figure represents a 35 percent increase over the previous twelve months. About seven percent of… Read More »
Buyer or Seller, You Need A Real Estate Lawyer
It’s a good time to buy a home. Both locally and across the nation, all of the economic signs are encouraging. If you do it the right way, buying and selling real estate in the Chicago area doesn’t have to be fraught with anxiety. Whether you’re a first-time homebuyer or a seasoned real estate… Read More »
Loan Modification Scams – Be On The Lookout
Homeowners facing a major financial hardship that could lead to a foreclosure may qualify for a loan modification that changes the terms of the mortgage so that the borrower may afford the payments. A lender may allow a homeowner to refinance the loan, pay a lower interest rate, extend the term of the loan,… Read More »
What Is A Deed In Lieu of Foreclosure?
A deed in lieu of foreclosure is a legal device whereby a borrower transfers all interest in a property to the lender to satisfy a loan that is in default and avoid foreclosure proceedings. The deed in lieu of foreclosure offers several advantages to both parties. The borrower is immediately released from most or… Read More »
Retired And Facing Foreclosure
Of all the financial threats that are facing retired workers – such as having enough savings and paying for healthcare – you can add foreclosure to the list. Millions of retirees are struggling to make mortgage payments. Over the past two decades, as many employers have eliminated conventional pensions, workers have been compelled to… Read More »
Protect Your Family From Foreclosure
In the state of Illinois, if you default on a couple of mortgage payments, the mortgage lender will probably take legal foreclosure action against you. Before that happens, you should arrange to speak with an experienced Chicago foreclosure lawyer about your mortgage situation. In Illinois, filing for bankruptcy can halt a foreclosure, but an… Read More »
Making A Home Attractive To Buyers
In the greater Chicago area, seek the advice of an experienced Chicago real estate lawyer before entering into any real estate transaction. When you sell a home or any other property in Illinois, an experienced Chicago real estate lawyer will help you make the best possible deal and protect your long-term best interests. While… Read More »
