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Whether you are buying or selling real estate, the transaction can have a big impact on your finances and future investments. Therefore, it cannot be overstated the necessity of retaining an experienced real estate closing attorney to advise you throughout the process.
While every real estate transaction is unique, most closings include:
During the closing process, we will be there for you every step of the way and ensure a smooth transaction. For buyers, we will review and negotiate the terms of the real estate contract and purchase agreement, deal with any issues raised during inspection, and review the title insurance commitment and closing documents. For sellers, we will review and negotiate the terms of the real estate contract, procure a title insurance commitment, and prepare all closing documents. Contact us now if you need an experienced real estate closing attorney to handle your closing.
Facing foreclosure can be one of the most stressful and frightening events in your life. However, you can fight back against the mortgage company to save your home. As experienced foreclosure defense attorneys, we will thoroughly review your case and go over all your options.
Mortgage foreclosure is the legal process by which a mortgage holder/lender or third-party lien holder attempts to gain ownership of the property securing its lien. Typically, the lender can initiate a foreclosure action any time after a default on the mortgage. In Illinois, this process is under the direct supervision of the court affording both sides the right to present their cases.
There are numerous ways to challenge a foreclosure action, including illegal actions by the mortgage company when closing the mortgage or during the foreclosure process, inadequate notice of the foreclosure lawsuit, or unethical behavior by the lender. In addition, there are ways to mitigate your losses by entering into a deed in lieu of foreclosure or negotiating a repayment plan with the lender.
If you are facing foreclosure, it is imperative you speak with an attorney as soon as possible. The sooner you understand your options the more likely you are to succeed in keeping your home or mitigating your losses. Call now to discuss your options with a foreclosure defense attorney at DebtPros.
If you have fallen on hard times and are delinquent on your mortgage, applying for a loan modification may be a viable option for you. By restructuring your loan, you can stay in your home and circumvent foreclosure. However, it is important to understand the terms of the new loan as many loan modifications fail after several years. For a loan modification to succeed, the terms of restructured loan must be feasible and appeal to the lender.
Loan modifications offer numerous benefits to homeowners, including:
To complete a loan modification, you must send over certain documents to the mortgage company and wait for their approval. Each lender has specific rules and guidelines on who qualifies for a loan modification. As experienced loan modification lawyers in Chicago, we will work diligently on your behalf to negotiate with the lender ensuring you receive feasible, favorable terms. We recommend enlisting our services as soon as you fall behind on your mortgage to promptly prevent foreclosure and restructure your loan.