Tag: Foreclosure

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 […]

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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 […]

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