Chicago, Illinois Mortgage Foreclosure Attorneys
Loan Modification Attorneys Serving Waukegan and Little Village
Katz Law Office, Ltd. provides detailed assistance and sound legal guidance for property owners facing mortgage foreclosure. The Chicago-based firm also helps clients navigate loan modifications and avoid common pitfalls associated with the process. Our goals are to keep our clients informed, create a higher level of awareness about programs and procedures, and provide comprehensive legal support every step of the way. Our attorneys know how to identify fraudulent practices in the mortgage loan modification industry and hone in on compliance violations by lending companies. We take negligent parties to task and work to promote fairness in the mortgage lending industry.
Helping Clients Understand Mortgage Foreclosures
Unfortunately, some people struggle with mortgage payments, fall behind, and are at high risk of losing their homes to foreclosure. When a person stops making payments to a mortgage lender, that lender can legally pursue foreclosure in hopes of regaining a portion of the loan by selling the home. If you are headed for, or in the midst of a foreclosure, we can work with you to determine what options are available during this stressful time. We are familiar with helpful programs and resources available, and know how to protect your interests. While working with our clients we take time to explain or explore various topics in the mortgage foreclosure process including:
- The Grace Period
- Motions to Dismiss for IMFL Violations
- The Foreclosure Process
- The Short Sale
Since we understand that the process can be daunting and confusing, our mortgage foreclosure lawyers take pride in helping our clients understand what to expect, at a basic level. We know that we must work promptly to secure the best possible outcome for you and your family. Whether you own a residential or commercial property, we have the knowledge and experience to help you resolve your issue as favorably as possible.
Providing Strong Advocacy for Legitimate Mortgage Loan Modifications
If you are heading toward a foreclosure, a mortgage loan modification may be a viable option. The federal government offers the Home Affordable Modification Program (HAMP), a Making Home Affordable (MHA) program designed to reduce monthly mortgage payments and help homeowners remain in their homes. If you are able to take advantage of such programs, we will thoroughly explain the loan modification process. Being able to keep your home, despite the financial challenges you may be enduring, is our main objective.
As mortgage loan modification advocates, we are well-versed in the requirements for those seeking an adjustment. This means we can determine your eligibility up front and avoid pursuing programs for which you are ineligible. With our mortgage loan modification attorneys by your side, you can be assured that your application will be handled in a timely manner and that we will consider all options such as filing for bankruptcy, defending against a foreclosure, and protecting your rights as a consumer. When we work with you, we will explain important mortgage loan modification topics, including:
- Advocating a Modification Base on Devaluation
- TILA and RESPA Violations
- Counterclaiming for Non-Compliance with the HAMP
- Consumer Fraud Counterclaims
If you need help with foreclosure defense or would like to explore the possibility of a mortgage loan modification, please contact our firm today. We offer a free, initial consultation so that we may discuss the details of your mortgage matter. Please make an appointment by calling (773) 847-8982 and meet with us at one of our Chicago metro area offices, serving the areas of Cook County, Lake County, Kendall County, Kane County, DuPage County, and Will County. We look forward to talking with you. Se habla Español.