Bankruptcy, Foreclosure & Loan Modification Posts in July, 2014

Deed in Lieu of Foreclosure Approach to an Upside Down Mortgage

Facing an upside down mortgage can literally turn anyone’s financial stability upside down as well. An upside down mortgage or when the collateral that secured a mortgage loan is considerably worth less than the balance owed has secured prominent standing in the U.S. real estate market in the past seven years....
Continue Reading »

Foreclosure Timeline for Illinois Residents

There’s good news for Illinois homeowners: It appears that the percentage of foreclosures is on the decline and the forecast appears promising. According to The Illinois Foreclosure Listing Service, the number of listed foreclosures for the first quarter of 2014 have decreased by 39.17 percent....
Continue Reading »
  • Newland & Newland LLP, Attorneys, Arlington Heights, IL
  • Lawyer.com