Ways to Stop the Foreclosure Process Fast in Illinois with Professional Foreclosure Service
There are many ways to stop the foreclosure process in Illinois. On this page you will discover information to protect your real estate from going into foreclosure in 2021. You will also discover little know secrets to help you keep your home regardless of who your home servicer is. The last thing anyone wants to hear is that their home has been ordered for judicial sale or trustee sales. If you see someone coming out with a clipboard and taking pictures of your house, it could be the bank hired a property preservation company to make sure the property is still being occupied. If this is happening to you, call our office promptly for a free consultation.
Our foreclosure service can help you regardless of your lender, even if you have a Fannie Mae or Freddie Mac as your loan servicer. There are many remedies available to prevent judicial foreclosures or foreclosure auction on your home. Because everyone has a different financial situation , it is best to consult with an attorney about your loans before taking action. Working with a reputable foreclosure attorney, can help protect you from housing scams and protect you with residential real estate laws. It doesn't matter if this is your first home or an investment property, our foreclosure service can help you!
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How to Stop Foreclosure and Keep Your Home
There are many ways of stopping foreclosure. There are many solutions to slow down the foreclosure process in Illinois. There are 3 ways to stopping foreclosure all together. Once either past due payments and fees are caught up or the loan is paid off or modified, only then will the foreclosure process stop.
We have seen to many good people exhaust all of their resources when trying to save their homes, even those on active duty. Many homeowners have resorted to robbing their 401K and borrowing from friends or family just to hang on to their homes. While these solutions may seem as a quick fix, they almost always lead to further issues down the road. Borrowing money to pay delinquent debt often acts as a temporary band aid. Borrowing money seldom solves the problem at hand.
Before you withdraw money from your retirement savings or borrowing money from a friend or family member to make up for missed mortgage payments, remember it is a wise decision to consult with a foreclosure lawyer for help with your lender.
A foreclosure lawyer can protect your rights and may be able to help you save your home without draining your resource, using the making home affordable program. We have a vast experience working on Fannie Mae & Freddie Mac conventional mortgages and even helped countless veterans protect their home with the Servicemembers Civil Relief Act from their loan servicer using our foreclosure services. Having an experienced foreclosure attorney on your side can protect your real estate when trying to figure out how to stop foreclosure at last minute
Chicago Foreclosure Attorney
Attorney Jeffrey Avny is a well known foreclosure attorney who has been practicing foreclosure and real estate law to help homeowners keep their homes. We have helped many people get help from their lender with their mortgage payments and have even helped many come out of a foreclosure auction, mortgage forbearance, even servicemember civilians. The foreclosure specialists at Avny Law, are here to help. If you have had people from the property preservation department come out and take pictures of your home and would like to discuss your situation with an attorney, call your foreclosure specialists at (630) 286-9276.
Ways to Stop Foreclosure Immediately
The Illinois state foreclosure laws are designed to protect homeowners against foreclosure. These same laws can be used to help homeowners extend the foreclosure period and protect them against illegal foreclosure activity. The reason banks exist it to maximize profits as well as following loan guidelines and procedures to protect mortgage note holders. Because of this conflict, it is often difficult for homeowners to seek out financial help from their lenders on their loans, which is why it is best to have a seasoned attorney represent you when facing foreclosure.
Notice of Default
If you have received a Notice of Default, it means you are 90 days behind on your mortgage. A mortgage is a contractual obligation and missing more than 3 payments consecutively is a violation of that agreement. After you miss three mortgage payments you bank will issue a Notice of Default. This is basically your bank giving you written notice that you have violated the agreement and if you do not bring the loan current, your lender will begin the foreclosure process. A Notice of Default is similar to a Notice of Intent to Accelerate.
Foreclosure Summons or Notice of Intent to Accelerate
A foreclosure summons is delivered by a local sheriff after a lender has began the foreclosure process. The foreclosure summons is to inform you that your lender is suing you for specific performance. Basically asking you to pay up or they will take possession of the property. Your lender has filed legal action against you and may result in a court date. There are certain legal process the banks must follow to properly foreclose on a property. You may have court dates before a sale date is given. If you have received a foreclosure summons in Illinois and would like to discuss your case with us, please dial (630) 286-9276.
Can a Lawyer Stop a Foreclosure
There are many ways a lawyer can stop a foreclosure. It is best to meet with an attorney before the problems start so you can have an upper hand at fighting the big banks. If you are late in the process an attorney may still be able to help to stop foreclosure so you can keep your home. Depending on your circumstances and where you are in the foreclosure process will determine which steps a foreclosure lawyer take.
How to Stop Foreclosure Sale Date
There are a number of ways to stop the foreclosure sale date. Depending where you are in the foreclosure process and what your circumstances are will determine the best course of action. The best course of action to stop a foreclosure sale is a mortgage loan modification. A loan modification enables your lender to renegotiate your mortgage terms. This allows lenders to add the deficient balance on to your mortgage balance, extend the terms or lower your interest rate.
Other foreclosure alternatives may include foreclosure defense, refinancing, reverse mortgage or even filing an emergency Chapter 7 Bankruptcy. Filing for bankruptcy under a chapter 13 can stop a foreclosure sale dead in it's tracks. This may not be necessary for most situations but is an effective way to put a wrench in your homes sale date. When you file for bankruptcy, the judge can issue an automatic stay. An automatic stay is a provision in United States bankruptcy law that temporarily prevents creditors, collections agencies, government entities, and individuals from pursuing debtors for amounts owed. This means filing bankruptcy can be used to stop your sale date. If you have a sale date, contact our offices promptly to discuss foreclosure remedies available to you.
Owning real estate has it's ups and downs. Sometimes we all experience financial hardships. Don't let your pride get in the way. Getting a loan modification is one of the best ways on how to save a house in foreclosure. Having a good mortgage foreclosure attorney is one of the key factors in helping you get your loan modified. Working with lenders can be tricky and that is why it pays to hire a foreclosure service and have an experienced lawyer representing your case. If you would like a free consultation to discuss whether a loan modification is right for you, click the button below or call us at (630) 286-9276.
How to Qualify for a Loan Modification
Getting a loan modification is one of the best ways to stop foreclosure immediately. Not all situations will qualify for a loan modification because a loan will have to meet certain underwriting guidelines to qualify. Because most mortgage are conventional or government owned (FHA or VA) mortgage servicers will have to make sure the loan meets all lenders qualifications. Make sure your attorney knows many of the lenders guidelines and whether a loan will qualify or not before hiring a foreclosure service to protect you.
Your lender will typically request updated financials and a hardship letter to be submitted with a completed Request for Mortgage Assistance (RMA). It is important to make sure that all requested documentation is submitted with the form filled out properly. Missing one of these steps is the number one reason most loan modifications get denied. The Avny Law Group has successfully completed over 1,000 mortgage modifications and can help you through the foreclosure process.
Need a Foreclosure Lawyer About Foreclosure Service?
Attorney Jeff Avny is a mortgage foreclosure lawyer and can help answer your questions. We offer free consultations and are here to help. If you are looking for foreclosure service, give us a call at (630) 286-9276 to get help. Many of our clients have reported sleeping better after working with us.
Jeff Avny is one of the highest rated foreclosure lawyers in the Chicago Illinois area. Rated the best foreclosure service in Mount Prospect in 2017 and 2018. If you have financial difficulty there is no reason to go it alone. Call us to discuss your situation right away. When selecting someone to help you with your mortgage it is best to do a little research to save yourself from some potential headaches down the road. We have seen to many good people either lose their homes to unscrupulous out of state companies and get taken advantage of because they didn't research the company before hiring them.
What to Do if Your Home is in Foreclosure
If your home is in foreclosure or you are struggling to make ends meet, the best thing to do is to get help from a professional foreclosure service right away. Consulting with a someone who is well experienced in navigating the foreclosure process can mean the world of difference in your overall financial picture and the amount of stress you chose to deal with.
Your foreclosure specialist will gather information about your loan, it's terms, when you took out the loan, whether you have had a modification or financial troubles in the past and then get information on your homes value, when the loan was taken out and income, employment and asset information as well as discuss what your intentions of keeping the home. Having the right team in place is one of the most powerful tools you can use to help you win your case.
Having this information will give your attorney the proper data to help you make an informed decision as to which path is best for you. There are multiple options available to help you and you do not have to go it alone. Our office has payment options available to make getting the right foreclosure protection and will fight to help you keep your home!
Before you talk to a foreclosure service in Illinois, be sure to contact the Law Offices of Jeffrey A. Avny for a Free Consultation.