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Foreclosure Attorney In Chicago, Illinois

Our foreclosure attorneys at Benjamin Legal Services in Chicago provide a range of services to assist individuals facing foreclosure. These services collectively demonstrate a commitment to helping clients navigate the challenges associated with foreclosure, whether through legal defense, loan modification negotiations, or mortgage restructuring. Providing tailored solutions and legal assistance can be crucial for individuals facing financial difficulties and potential foreclosure. Clients benefit from our firm's expertise in understanding their rights, exploring alternatives, and working towards a more manageable and sustainable financial situation. Here's a breakdown of the services mentioned:


Legal Consultation: A foreclosure attorney will typically offer an initial consultation to assess the client's financial situation and understand the specifics of the foreclosure case. During this consultation, the attorney may review documents such as mortgage agreements and foreclosure notices.


Communication with Lenders: The attorney may communicate with the client's mortgage lender on their behalf. This could involve negotiating with the lender to explore alternatives to foreclosure, such as loan modifications, short sales, or deeds in lieu of foreclosure.


Foreclosure Defense: Our attorneys can assess the details of your case and help you build a defense against the foreclosure. This may involve reviewing the legality of the foreclosure process, looking for any errors, or identifying potential violations of the law to determine the legal grounds surrounding the foreclosure.


Loan Workouts: For clients facing foreclosure, we provide assistance in negotiating loan workouts. This involves potentially modifying the terms of the loan agreement to help clients retain their homes. Modifications may include actions like reducing the outstanding balance, lowering the interest rate, or extending the loan period.


Mortgage Restructuring: Your knowledgeable attorneys work on restructuring current mortgages to lower monthly payments. This service is designed to accommodate clients' budgets and aims to help them save money by customizing a plan tailored to their financial situation.


Loan Modification Assistance: If a client is struggling to make mortgage payments, our foreclosure attorneys may help pursue a loan modification. This could involve renegotiating the terms of the mortgage to make it more affordable for the homeowner. Modifications may include lowering the interest rate, extending the loan term, or even reducing the outstanding balance.


Bankruptcy Representation: If appropriate, a foreclosure attorney may guide clients through the process of filing for a Chapter 13 or 11 bankruptcy, which can stop foreclosure proceedings. Chapter 7 would only stop it temporarily.


Short Sale Negotiation: If the homeowner is open to selling the property, the attorney may negotiate a short sale with the lender. A short sale involves selling the property for less than the outstanding mortgage balance with the lender's approval.


Court Representation: If the foreclosure progresses to the court, the attorney may represent the client in legal proceedings and present any applicable defenses.


Eviction Defense: In cases where the foreclosure has already resulted in eviction proceedings, the attorney may help defend the homeowner's rights and explore options to delay or prevent eviction.


It's important to note that the specific services offered by our foreclosure attorneys may vary based on the individual circumstances of each case. Consulting with our experienced foreclosure attorneys in Chicago can provide homeowners with personalized advice and guidance tailored to their unique situation.

Contact Benjamin Legal Services to schedule a consultation with a lawyer today. 312-945-0021

Our foreclosure law firm in Chicago can help you with the following:

FORECLOSURE DEFENSE

Are you finding it difficult to make your mortgage payments and are facing a possible foreclosure? It’s important to know your rights in this situation. We can help determine if they have the legal right to do so!


LOAN WORKOUTS

If you are facing foreclosure, we may be able to modify your loan agreement so you keep your home. This may include writing off a portion of the balance, lowering the interest rate or extending the length of the loan.


MORTGAGE RESTRUCTURING

Restructuring your current mortgage may help lower your monthly payments. Let our knowledgeable attorneys customize a plan for you that accommodates your budget and may help you save money.

Can I Save My Home from Chicago Foreclosure?

Saving your home from foreclosure in Chicago is possible, and various strategies and options are available. It's essential to act promptly and seek professional assistance. Here are some potential ways to save your home from foreclosure:


Repayment Plan: Propose a repayment plan to your lender to catch up on missed payments. This could involve spreading the overdue amount over a specified period in addition to making your regular mortgage payments.


Forbearance Agreement: We can request a forbearance agreement from your lender, which will allow you a temporary period of reduced or suspended payments. After this period, you may work out a plan to repay the missed payments.


Short Sale: If keeping the home is not feasible, consider a short sale. With the lender's approval, this involves selling the property for less than the outstanding mortgage balance.


Deed in Lieu of Foreclosure: Another option is to offer the lender a deed in lieu of foreclosure, in which you voluntarily transfer ownership of the property to the lender to satisfy the debt.


Bankruptcy: Filing for bankruptcy, specifically Chapter 13 or Chapter 11, can halt foreclosure proceedings and provide an opportunity to catch up on missed payments through a court-approved repayment plan.


Sell the Property: Selling the property before foreclosure can be a proactive approach. It allows you to avoid foreclosure and potentially recoup some equity.


Consent Judgment: In Illinois, a consent judgment is a legal agreement reached between parties involved in a lawsuit or legal dispute. This agreement is entered into voluntarily, with the consent of all parties, and it typically outlines the terms of a settlement or resolution to the legal matter. Here are key points about consent judgments in Illinois:


It's crucial to consult with our foreclosure attorneys to understand the best course of action based on your specific circumstances. They can guide you through the legal process, help you explore available options, and work towards a solution that aligns with your goals of saving your home. Time is often of the essence in foreclosure situations, so seeking legal advice from our attorneys promptly is advisable.

How A Foreclosure Attorney Can Help You

Given Chicago's specific foreclosure laws, having a local attorney ensures that you receive advice and representation that aligns with the area's unique legal landscape. By enlisting Benjamin Legal Services' services, you can leverage J. Kevin Benjamin's extensive experience to navigate the complexities of foreclosure, explore viable solutions, and work towards a resolution that suits your individual circumstances.


J. Kevin Benjamin, Esq., a Chicago foreclosure attorney with over 35 years of experience, can offer invaluable assistance if you are facing or concerned about foreclosure.

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