Category: avoiding-foreclosure

Foreclosure Prevention Measures In Chicago and the rest of IL

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Local IL homeowners who are facing a financial challenge may find themselves in foreclosure. Foreclosure is when the mortgage loan doesn’t get paid back and the bank begins the process to take ownership of the property to recoup its losses. If you find yourself entering the foreclosure process, you might wonder if there is anything … Continued

Help For Foreclosure In Chicago – 3 Ways To Avoid Foreclosure

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Few things are more devastating to families than the prospect of foreclosure. You own your home and you love it — it serves you well. Yet, due to unfortunate circumstances, foreclosure may seem imminent. For local IL families facing foreclosure, the stress can be almost unbearable. Worse yet, the foreclosure process can take months or even … Continued

Can You Get Your House In Chicago Back After Foreclosure?

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If you’re facing the possibility of foreclosure in the future, perhaps you are wondering can you get your house in Chicago back after foreclosure. After all, you need a place to live! Unfortunately, after the court rules in the favor of your lender and agrees with the lender to proceed with foreclosure, it is very … Continued

Foreclosure notice of default in IL– what is it?

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If you’ve gotten a foreclosure notice of default and want to know what the heck is going on, keep reading. Basically, a foreclosure notice of default is a document that has to be filed by a lender to start the process of foreclosure. The foreclosure notice of default must be sent to anyone who has … Continued

What is a Pre-Foreclosure in Chicago?

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With millions of homes across the country going into foreclosure, it’s important for both buyers and mortgage holders to understand the process. So what is a pre-foreclosure in Chicago anyway? Many homeowners across America and Chicago are facing difficulties making their monthly mortgage payments. When a homeowner misses 3-6 months of mortgage payments, the lending institution will … Continued

How to Avoid Foreclosure in Chicago

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While the housing market is rebounding, many people in Chicago] are still struggling to make their mortgage payments. If you’re underwater on your home, or having trouble keeping up with your monthly mortgage payments, you could be fearful that your mortgage provider is going to foreclose. Thankfully, there are a number of things that you can do … Continued