Illinois Supreme Court Announces Effective Date of New Foreclosure Rules
As you may recall, the Illinois Supreme Court postponed the enforcement of its newly-announced foreclosure rules because it was unclear […]
Why Closing Credit Card Accounts Can Hurt Your Credit Score
Most people don’t know that closing credit card accounts can hurt their credit score. However, according to this article by Adam Levin,
Can A Bank Sue You For A Deficiency After The Foreclosure Lawsuit Is Over?
Since the implosion of the real estate market, we have seen a massive number of foreclosures in Illinois. In many
Freddie and Fannie Announce a New Loan Modification Program
Freddie and Fannie are (rightfully) the target of some serious criticism in the consumer defense sector — FHFA Director Ed
Chief Justice John Roberts a Victim of Credit Card Fraud
File this under — “can happen to anyone.” According to Al Kamen of the Washington Post, U.S. Supreme Court Chief Justice
“Chapter 20,” Lien Stripping, and Underwater Homes
As of March 19, 2013, 33% of Chicago-area home mortgages were underwater. This means that 1 in 3 mortgaged homes
Assets vs. Liabilities
I recently read two blog posts that raise an excellent point about the true nature of assets and liabilities. Owning
Practice Alert: U.S. Supreme Court Expands Liability for Losing FDCPA Plaintiffs
The Fair Debt Collection Practices Act (FDCPA) states that when a Plaintiff brings a case in bad faith and with
Illinois Supreme Court Rule 114 — The Loss Mitigation Affidavit
Illinois Supreme Court Rule 114 establishes a new procedural requirement in Illinois mortgage foreclosure cases — the loss mitigation affidavit.
CFPB Bulletin 2013-01: What’s Coming for Mortgage Servicing Transfers
The Consumer Financial Protection Bureau issues bulletins for many purposes, one of which is to notify the industries that it