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Category Archives: Foreclosure Defense

Robo Signing Settlement Deters Loan Fraud

Last year Illinois, along with 48 other states, joined the U.S. Department of Justice in a $25 billion settlement agreement with five of the nation’s largest bank mortgage companies to remedy widespread “robo-signing” of documents for foreclosure and other fraudulent practices that banks used in servicing loans for homeowners. There are two main components of… Read More »

Is It Too Late to File Chapter 13 Bankruptcy to Stop Foreclosure on My Home?

The foreclosure crisis across America is not over—at least not yet.  While the economy shows signs of increasing stability, the number of housing foreclosures is on the rise again. The nation experienced several months of decline after foreclosures peaked at 2.2 million in 2010. However, recent statistics show an 11 percent jump in May and… Read More »

New Illinois Supreme Court Rules Take Effect to Safeguard against Foreclosure Abuse

Lawmakers nationwide are taking steps to stop foreclosure abuse. During the height of the housing market crash and subsequent foreclosure crisis, millions of homeowners -including those in Chicago – became victims of fraudulent foreclosures and mortgage servicing practices. Lenders sometimes engaged in “robo-signing”, where they falsified documents to accelerate the foreclosure process.  Such lender abuses… Read More »