Category: For Home Owners

Every Day Counts

Posted by AFDA - February 18, 2013 - For Home Owners 30 Day Grace Period Notice Letter

Does 30 days make a difference? The Illinois legislature believes it does. Through July 2013, it is against the law to file a foreclosure lawsuit without first sending a Grace Period Letter via regular U.S. Mail to the property address. (735 ILCS 5/15-1502.5.) The law applies when the homeowner meets the following criteria: The homeowner […]

Read More

Foreclosure Filings Rise 7%

Posted by AFDA - March 20, 2012 - For Home Owners lawyer-clients

Does Your Foreclosure Defense Attorney Make the Cut? It is all over the news. According to one of the industry experts for tracking this type of information, RealtyTrac, U.S. foreclosure filings rose seven percent (7%) in October 2011. So what does this mean? It means if you are one of the millions of homeowners who […]

Read More

New Door Locks for Tenants: Out Of The Frying Pan And Into The Fire

Posted by AFDA - March 20, 2012 - For Home Owners lock

You are trying your best NOT to become a “foreclosed condo in Chicago” statistic.  You cut back your expenses, still not enough income to pay the mortgage. You contact your lender and attempt to become a “Short Sale Homes in Chicago” statistic…yeah, no need to get into the details on what happened or more likely […]

Read More

Deny. Deny? Deny!

Posted by AFDA - March 20, 2012 - For Home Owners Deny

You are being sued by your lender for not making your mortgage payments. Welcome to foreclosure court! Should you be like the other more than 90% of people in your circumstances and do nothing? Just ignore the lawsuit and lose your home through a default judgment (i.e., you lose because you never showed up in […]

Read More

Strategies for the Struggling Homeowner

Posted by AFDA - January 23, 2012 - For Home Owners Foreclosure Help

America is rebuilding. I don’t mean that in cliché politician-speak sense, I mean we are literally putting the fundamental pieces of our economy back into place, starting with the unprecedented imbalances and volatility in the Real Estate market. As we work on a case-by-case basis to give troubled homeowners options for stability, we Real Estate […]

Read More