For many consumers, there is no more frightening a prospect than losing one’s home to foreclosure. Even with an improving economy, the danger exists. In Illinois, Skokie Real Estate Law experts can help you navigate the ins and outs of foreclosures, and provide counseling on property law to help you make an informed decision if your mortgage is in danger. In our experience, many homeowners could benefit greatly if they understood how loan modification agreements work, for instance, but there are other steps that can be taken to minimize the risk of foreclosure or eliminate it completely.
Understand Your Financial Situation
Competent real estate brokers always encourage their clients to open any correspondence they receive from their lender. If you are experiencing financial difficulties, the worst thing you can do is pretend the problem does not exist. Open the correspondence, and review it carefully so you know exactly what you owe. From there, examine your personal finances and decide what steps you need to take to start paying your mortgage on time. Tough decisions have to be made, but they are a small inconvenience if it means saving your home.
Skokie Real Estate Law experts are here to help you understand what assistance programs are available and how you may qualify. Like every other state, Illinois has a number of programs to help homeowners avoid foreclosure, such as those promoted by the Illinois Housing Development Authority.
Contact an Expert in Residential Real Estate Transactions
Besides foreclosure solutions, our firm also provides assistance with liens, short sales, rental agreements, purchase and sale agreements, commercial real estate transactions, and many other aspects of property law to help you get the most value from your mortgage. For more information, contact us today at 847-786-2234 to speak with a real estate lawyer.
Speak to an Attorney at Zeidman and Associates
To have your real estate law questions answered, contact Zeidman and Associates today at (847) 786-2234. Hablamos Espanol at (773) 809-3450.
We are located at:
Skokie, Illinois 60076
Our experience includes:
Negotiation and Modification of Agreements