In a foreclosure case, you need to hire a skilled and experienced defense lawyer. The sooner you hire a lawyer, the better, so you can start developing a plan of defense before the bank issues a notice of default. A Chicago foreclosure attorney from Gunderson & Tharp, LLC, will work with you to develop an effective defense strategy. A foreclosure lawyer with extensive experience in Chicago will provide you with the legal knowledge and expertise you need to overcome your financial crisis.
TILA and HOEPA violations
One of the most common complaints against Chicago foreclosure attorneys is TILA and HOEPA violations. HOEPA refers to the federal law that protects homeowners from predatory lenders. Under TILA, a lender faces strict liability for misrepresenting certain information, including the APR, on a disclosure form. It must also include information on rescission. There is a three-year statute of limitations for rescission claims, but no such limit on defensive claims.
Whether or not a Chicago foreclosure attorney has a strong case in a TILA or HOEPA violation depends on the circumstances of the individual homeowner. Foreclosing parties must serve a notice of default, and failure to do so is a violation of state law. More serious violations will result in a more severe response from the court. If you are uncertain of your state’s foreclosure laws, you should seek the advice of a qualified attorney.
Loan modification
If you are facing foreclosure, you may have already heard of Chicago foreclosure attorneys who offer loan modification. However, there are a few things you should know before taking the plunge. First, you must qualify for the program. You must show your ability to make the payments. If you have lost your job or become single, this could be a significant factor in your eligibility. You must also show a rapid increase in housing costs.
You must contact a qualified Chicago foreclosure attorney if you are facing foreclosure. Not all lawyers offer these services. Rather, there are many scammers out there. A good law firm will guarantee their services. The Better Business Bureau gives these companies an A+ rating. Also, check out their Google reviews. You might be able to find numerous 5-star reviews. In addition, you may qualify for a free consultation.
Short sale
When it comes to foreclosure and short sales in Chicago, it can be difficult to know where to turn. The economy is in crisis and 605,000 people in Illinois are facing foreclosure and eviction. The fact is, 30% of homeowners in the state missed a recent mortgage payment or rent payment. If you are one of those people, you may need to learn more about short sales so that you can protect your home from foreclosure and eviction.
Hiring a Chicago foreclosure attorney will allow you to avoid foreclosure. These lawyers will help you negotiate with your lender and negotiate on your behalf. These attorneys can protect you throughout the entire process and place you in the best possible position once the sale is complete. But if you decide to work with a lawyer, make sure that you hire an experienced short sale attorney who is familiar with the law. This will help to protect you from any lawsuits that might arise.
Bankruptcy
If you’re facing foreclosure, you should consult with a Chicago foreclosure attorney before you file for bankruptcy. Bankruptcy is a complex process, and an attorney will guide you through the bankruptcy process. The process may require credit counseling, bankruptcy courses, and court-mandated meetings. Before pursuing bankruptcy, it is important to explore all the options and consider the benefits and drawbacks. Then, you can choose the best option for you.
Among the various Chicago bankruptcy attorneys, Edwin L. Feld & Associates is a popular choice. They provide compassionate legal representation throughout the greater Chicago metropolitan area and the surrounding suburbs. Their attorneys are experienced and skilled in handling various financial crises. Their lawyers can help you file bankruptcy, file for a short sale, or resolve tax debt. Additionally, they can provide mortgage solutions and explore other financial options, such as debt management and credit counseling.
