Chicago Foreclosure Defense Attorney
Foreclosures are governed by the Illinois Mortgage Foreclosure Law found under Article XV of the Illinois Code of Civil Procedure (735 ILCS 5/15-1101). A foreclosure can be lengthy process that a lender must go through, but it can also be accelerated if the borrower decides to represent his or herself. By representing themselves, borrowers sometimes admit certain allegations in the complaint that later prevent the borrowers from raising defenses that could have raised at the inception of the litigation. This is why it is so important that if you’re facing foreclosure, to contact me as soon as possible so that we can determine whether you have any meritorious defenses.
Remember, even if you fell behind on your mortgage payments, it does not mean that the lender is entitled to foreclose on your property. As stated, you may have meritorious defenses that you’re not aware of. You may also have a counterclaim for damages if the lender violated the requirements of the Truth in Lending Act, the Real Estate Settlement and Procedure Act, or the Fair Debt Collection Practices Act. The sooner you contact me, the earlier we can determine whether you have a defense or a counterclaim, or both.
Illinois also has a program called the Illinois Hardest Hit Program which provides financial assistance for up to $35,000 to those who qualify.
If your home is in foreclosure, the longer you wait, the harder it becomes to raise a defense and counterclaim or negotiate a good outcome. Don’t wait — call me now.
DISCLAIMER: The above is not to be construed as legal advice nor the creation of an attorney-client relationship. Each case will depend on its own facts.