If you are fearing foreclosure, an experienced Chicago foreclosure defense attorney can analyze whether you are at risk. If you are, they can help prevent foreclosure and protect your credit. Do not let the fear of foreclosure paralyze you. Be proactive by understanding your rights and using available courses of action. Let’s answer some questions you may have about...
Continue ReadingIf you are making payments during foreclosure, it is important to understand whether the lender can accept those payments. In addition, you should evaluate your reasons for making payments. Depending on why you are making the payments during foreclosure, there are likely other options to meet your goals. In Foreclosure, Will the Lender Still Accept My Payments? The short...
Continue ReadingThe foreclosure process may create substantial stress and uncertainty. Often, if you are facing foreclosure, you are also handling other challenges in life. In some situations, with the help of an attorney, you may be able to stop the foreclosure process. What Is Foreclosure? Generally, when someone buys a home, they need to get a mortgage loan—i.e., borrow money—to...
Continue ReadingForeclosure impacts you in numerous ways. Along with the loss of a home, the foreclosure impacts your credit record. Poor credit can lead to struggles with borrowing money, finding housing, and qualifying for employment. What Is a Credit Report? A credit report is a document that gives a detailed look at your credit history. There are four primary areas...
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