Chicago Foreclosure Information | Chicago Foreclosure Lawyer

Posted By Borden Law Firm, P.C. 10-Jan-2014

Report: Number of Homes That Are "Deeply Underwater" Declines

Here's a positive sign for homeowners—a new report from RealtyTrac shows that the number of homes in the U.S. that are "deeply underwater" has been declining, according to a recent article by World Property Channel. A home that ...

Posted By Borden Law Firm, P.C. 24-Dec-2013

Loan Modification Scams in Illinois Grow More Elaborate

Have you considered using one of those loan modification services that you hear advertised? If so, you should think twice about whom you decide to work with. The Chicago Tribune recently reported that even as foreclosure activity in the state has ...

Posted By Borden Law Firm, P.C. 19-Dec-2013

Chicago Sees Fewer Foreclosures, But Threat Still Looming

The Chicago Tribune recently reported that the percentage of foreclosures is down in Chicago. As of October, nearly 4% of the homes in the Chicago area that had mortgages were undergoing the foreclosure process. This is an improvement from the 5.7% ...

Posted By Borden Law Firm, P.C. 11-Dec-2013

End of Tax Break to Affect At-Risk Homeowners Who Carry Out Short Sales

As of January 1, 2014, homeowners who are able to get part of their mortgage debt forgiven through short sales (as alternatives to foreclosure) will now have to worry about having to pay taxes on that forgiven debt. This is due to the fact that a tax ...

Posted By Chicago Foreclosure Lawyer 27-Jun-2013

Details About a Deed in Lieu in Foreclosure

When you are unable to pay the mortgage on your home, there are several options for you to find relief. One option is a short sale wherein you would sell your property for less than the debt that is on the mortgage, but the lender accepts that as ...

Posted By Borden Law Firm, PC 5-Apr-2013

"Zombie" Foreclosures Are Surprising Ex-Homeowners

When many families receive a notice of foreclosure, they pack up and leave and move on with life. However, reports are showing that there is a new phenomenon taking place in the housing market, and this is called a "zombie foreclosure" and ...

Posted By Foreclosure Defense Attorney 8-Feb-2013

Chicago Foreclosure Defense Blog

Welcome to the new blog for Borden Law Firm, P.C.! We are launching this blog with the purpose of providing valuable information to distressed homeowners in Chicago and throughout the surrounding areas, whether you are already one of our clients or ...