If you are up against foreclosure, the threat of losing your home, memories and financial security may have prompted you to consider the “produce the note” defense. This strategy involves homeowners demanding lenders show the original promissory note or document...
Receiving a foreclosure summons doesn’t have to mean kissing your home goodbye. Aggressive debt collectors will have you believe it’s time to give up, preying on your fear of losing your home. In reality, you may still have months to pay your debt and reclaim your...
Many homeowners face situations that make it difficult to keep up with their mortgage payments. These could be medical bills, job loss or simply financial struggles. When a borrower defaults, foreclosure is often a common possibility, and its consequences can extend...
The thought of losing your home might be a nightmare. Unfortunately, it’s also a reality for many people. After all, figures show that Cook County, Illinois had the highest number of foreclosures starts in the US in April. As foreclosure rates skyrocket, there is one...
The possibility of foreclosure is a frightening reality for many throughout the country, particularly in urban centers like Chicago, where rates have soared. The prospect of losing one's home due to financial hardship is not only emotionally distressing but also...
Facing foreclosure can feel like you're on shaky ground, and it can get stressful to deal with it all. However, it's important to remember that you do have options, like a short sale. This alternative to foreclosure can provide a lifeline when it feels like your home...
Many people encounter occasional financial difficulties. Sometimes, money-related problems make it hard to pay your monthly bills. If you begin and continue missing your mortgage payments on your Illinois home, lenders can put this property into foreclosure. If this...
Under the threat of losing their Illinois residence to foreclosure, some homeowners unfortunately fall victim to foreclosure rescue schemes that take advantage of those who have fallen behind on mortgage payments. These perpetrators promise to pay off the delinquent...
When individuals face financial difficulties in Illinois, they can fall behind on their bills. If they fall behind on their house payments, they may face foreclosure. Many people assume that foreclosure automatically means they’ll lose their homes. That’s not...
A 2023 NBC News report posted on the NBC News website states that home foreclosures are on the rise. A separate report from the NBC News website states that as of June 2023, Illinois has had 1,358 foreclosures. The foreclosure spike has contributed to foreclosure...