Understanding the ICFA The Illinois Consumer Fraud and Deceptive Business Practices Act (ICFA) is a broad piece of legislation that […]

Rescission This defense is based on the federal Truth In Lending Act (TILA). Under the Act, lenders are required to

Secured vs. Unsecured Debt & Chapter 13 Lien Strips For example, Allen owns a house with two mortgages in Lombard,

Mortgage Lien vs. Judgment Lien A mortgage is a specific, voluntary lien. It is specific to the piece of property

What is the Difference Between a Mortgage and a Promissory Note? Many people take out loans to purchase a home

Your Chapter 7 Bankruptcy Discharge Once your debts are discharged in your Chapter 7 bankruptcy, your creditors cannot initiate or

Mortgage Securitization Mortgage securitization is the process of bundling many mortgages into a pool, and then selling shares of that

Debt Settlement Debt settlement companies typically seek to assist consumers by settling their outstanding debts for less than is owed.

Constructive Contract/Promissory Estoppel This defense is often used when a lender attempts to foreclose on your home while you are

Melvin Gibbs: Motion for Summary Judgment Melvin Gibbs is a structural engineer and local musician who lives in the Wicker