
Mortgage Foreclosure Attorneys in Chicago
Protecting Your Home & Your Future
Many homeowners are currently facing mortgage foreclosure. Our firm defends homeowners facing foreclosure if they have a good defense or counterclaim and can afford and wish to save their home.
If you are facing mortgage foreclosure, Edelman Combs Latturner & Goodwin, LLC can help you seek a favorable resolution to protect your home and your future. Our lawyers have 200 years of combined experience helping individuals and families find viable solutions so that they can move forward.
Get in touch with ECLG by contacting us online or calling (312) 626-3585. We offer free consultations.
Solutions for Mortgage Foreclosure
If you want to save your home and you have not yet applied for a loan modification, you should do so right away. Many courts, including the Circuit Court of Cook County, now have mediation programs. Foreclosure defendants can request to participate in these programs and attempt to negotiate a solution – such as a loan modification – with their mortgage company.
Unfortunately, some homeowners can no longer afford their homes. If you are in that situation, there are options available, such as a deed in lieu of foreclosure or a short sale. You should consult with an experienced Chicago mortgage foreclosure attorney before you pursue these options, as you may still end up personally liable for the difference between the short sale amount and the balance owed on the loan. In addition, some lenders will pay “cash for keys” and give you cash in exchange for moving out of the property by a certain date and leaving the property in good condition.
Second Mortgage and Line of Credit Debt Collection Suits
We have found that debt buyers are suing people over second mortgages and for lines of credit they may not legally be entitled to collect. We have been able to assert defenses and obtain favorable resolutions for consumers being sued over old second mortgages and lines of credit. If you are being sued by a debt buyer to collect a second mortgage that has been in default for many years, contact us to see if you have a defense.
Call Edelman Combs Latturner & Goodwin, LLC at (312) 626-3585 to schedule a free consultation today. Se habla español.