Balancing the scales of Justice for foreclosure defendants
The Association of Foreclosure Defense Attorneys (AFDA) is a non-profit group dedicated to helping the foreclosure defense bar improve client representation through education, mentoring, shared research, pleadings, and strategies. AFDA will reach out to the public to educate foreclosure defendants in their options as well as the availability of quality, qualified and affordable legal representation.
The AFDA offers a very active private internet site where members assist each other via e-mail discussions and by sharing foreclosure defense-related materials. We host monthly meetings with speakers regarding related topics of interest. The AFDA also engages in other, outward-focused efforts with the goal of protecting the rights and providing the equitable treatment of financially distressed residential mortgagors.
Does 30 days make a difference? The Illinois legislature believes it does. Through July 2013, it is against the law to file a foreclosure lawsuit without first sending a Grace Period Letter via regular U.S. Mail to the property address. (735 ILCS 5/15-1502.5.) The law applies when the homeowner meets the following criteria: The homeowner [ ]
Does Your Foreclosure Defense Attorney Make the Cut? It is all over the news. According to one of the industry experts for tracking this type of information, RealtyTrac, U.S. foreclosure filings rose seven percent (7%) in October 2011. So what does this mean? It means if you are one of the millions of homeowners who [ ]
You are trying your best NOT to become a “foreclosed condo in Chicago” statistic. You cut back your expenses, still not enough income to pay the mortgage. You contact your lender and attempt to become a “Short Sale Homes in Chicago” statistic…yeah, no need to get into the details on what happened or more likely [ ]
You are being sued by your lender for not making your mortgage payments. Welcome to foreclosure court! Should you be like the other more than 90% of people in your circumstances and do nothing? Just ignore the lawsuit and lose your home through a default judgment (i.e. you lose because you never showed up in [ ]
America is rebuilding. I don’t mean that in cliché politician-speak sense, I mean we are literally putting the fundamental pieces of our economy back into place, starting with the unprecedented imbalances and volatility in the Real Estate market. As we work on a case-by-case basis to give troubled homeowners options for stability, we Real Estate [ ]