Foreclosure notice of default in IL– what is it?

If you’ve gotten a foreclosure notice of default and want to know what the heck is going on, keep reading. Basically, a foreclosure notice of default is a document that has to be filed by a lender to start the process of foreclosure. The foreclosure notice of default must be sent to anyone who has … Continued

What is a Pre-Foreclosure in Chicago?

With millions of homes across the country going into foreclosure, it’s important for both buyers and mortgage holders to understand the process. So what is a pre-foreclosure in Chicago anyway? Many homeowners across America and Chicago are facing difficulties making their monthly mortgage payments. When a homeowner misses 3-6 months of mortgage payments, the lending institution will … Continued

How to Avoid Foreclosure in Chicago

A rise in number of houses sold is an indicator that the housing market is rebounding. Recent data shows foreclosures nationally dropped to their lowest levels since November 2005. Years after the mortgage meltdown and housing market collapse. Many people in Chicago Illinois are still struggling to make their mortgage payments. It can be fearful … Continued