Category Archives: Foreclosure Prevention
Don’t Let Fear of the Unknown Keep You In Debt, Say Illinois Bankruptcy Lawyers
Sometimes there’s nothing scarier than the unknown. When you’re a kid, it’s the monster you swear is hiding under your bed at night. When you’re an adult, the fears that keep you up at night are a little more based in reality – like bankruptcy. With so many Americans in debt and facing foreclosure, you’d… Read More »
Chicago Lawyers Remind Homeowners That a House Is Worth More Than Its Current Value
When the real estate bubble burst, I learned an important lesson: home values don’t really matter. Of course, if you’re one of the millions of Americans writing monthly checks for a mortgage now worth more than your house, you’re probably shaking your fist at me right now. But hear me out. The idea of a… Read More »
Illinois Bankruptcy Lawyers Offer Chapter 13 as Alternative to Foreclosure
Have you noticed the post office getting a little louder lately? OK, probably not, but the recent surge in foreclosures has also led to a surge in jingle mail. What is jingle mail? It’s when homeowners walk away from their house rather than go through the foreclosure process or continue paying an upside-down mortgage. In… Read More »
Illinois Bankruptcy Lawyers Warn About Foreclosure Rescue Scams
I don’t need to tell you that getting a foreclosure notice in the mail is a stressful event. But for some folks, it’s such a shock that it blinds them to common sense. In their state of desperation, they can fall victim to foreclosure rescue scams. As foreclosure rates skyrocket (check out the latest numbers),… Read More »
Chicago Bankruptcy Attorneys Count on Chapter 13 to Halt Foreclosure and Save Your House
Call it a ripple effect – even though the occasional news report suggests the economy could be recovering, foreclosures are up almost 50 percent over last year. This May, 261,255 homes received at least one foreclosure-related filing. That’s up 176,137 during the same month a year ago – and 7 percent more than in April,… Read More »