Category Archives: Banks
Chicago Bankruptcy Lawyers Explain There’s No Such Thing as a Free Foreclosure
On Tuesday, the federal government made a deal with mortgage company execs to perform 500,000 loan modifications by Nov. 1 – a significant scale back from than the 3-4 million first expected to be helped by the Making Home Affordable program. While Uncle Sam struggles to revive its ailing loan modification incentive program, some homeowners… Read More »
Chicago Bankruptcy Lawyers Explain Why Chapter 13 Can Be More Effective Than Loan Modification
Now that the government is offering a financial incentive for lenders to perform loan modifications, you should be less likely to face foreclosure, right? Don’t hold your breath. Turns out that the $75 billion Making Home Affordable program forgot one important thing – banks are in it for the money. And in this case, the… Read More »
Chicago Bankruptcy Laywers Suggest Chapter 13 for Consumer Financial Protection
I guess the banking industry hasn’t heard of karma. After sending our economy into a downward spiral with irresponsible lending practices – and putting millions of Americans out of homes, jobs and dreams in the process – they were bailed out by the same taxpayers they nearly destroyed. So when the industry caught wind of… Read More »
Illinois Bankruptcy Lawyers Warn of Hidden Bank Fees
I don’t usually do well with change. I’ve had pretty much the same hairstyle since high school, I’ve been driving the same car since I got my license and I have a mini-meltdown every time Facebook changes its layout. So naturally, I’ve been banking with the same company – a large national bank that shall… Read More »