Tag Archives: foreclosure

For Homeowners Facing Foreclosure, Chapter 13 Bankruptcy May Still Be Best Solution

Foreclosures may not be making headlines like they once did, but losing a home is still a very real threat for many Americans – one that appears to be on the rise. According to RealtyTrac, nearly 52,000 U.S. homes were set for foreclosure auctions this August, up 1 percent from a year ago. Though the… Read More »

By Robert J. Semrad | Published September 18, 2014 | Posted in Chapter 13 Bankruptcy | Tagged filing Chapter 13 bankruptcy, foreclosure, home foreclosure, property foreclosure | Leave a comment

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 »

By Robert J. Semrad | Published November 28, 2013 | Posted in Foreclosure Defense, Loan Modifications | Tagged foreclosure, loan modifications, mortgage lenders, mortgage payments, robo-signing | Leave a comment