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How To Call A Lenders Bluff In A Illinois Foreclosure
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Foreclosures should never be an easy act, yet, for some reason, we allow lenders to foreclose without putting up a fight. We live in a society where we are prepared to fight harder for a car than we will for our home. In fact, people will fight harder to prevent a rental eviction than they will to prevent a foreclosure eviction. Cokk County, Will county, Kane county, DuPage county and McHnery county foreclosures are on the rise, and lenders are walking into courts and having their foreclosure applications rubber stamped - the home owner is nowhere in sight.

With the right advice, you can stop that foreclosure dead in its tracks. Lenders should never have a foreclosure rubber stamped unless you have received advice from an attorney who is experienced in foreclosure law as it applies to the counties mentioned above. In many most foreclosure cases, the paperwork held by the lenders are so full of holes, they don't even have the right to foreclose; in some situations they don't even have the right to ask for a payment. At least, not until they can get their act together.

The first thing a home owner with a mortgage needs to understand is that their mortgage is a contract. By definintion, a contract implies there are terms that must be adhered to on both sides - the lender and the borrower. For the lender, there are federal and state laws and regulations that must be followed if they want their contracts to be valid documents.

This is where lenders fall down - they have not followed these laws or regulations to the letter, and in many cases, their paperwork fails their own contractual obligations. When they come looking to foreclose, the last thing they want is for you to stand up and defend your home. They know their documentation has flaws, and unless they can bluff their way through, they are going to have to give up much of their claim.

How do you call your lender's bluff? Engage a Will County foreclosure attorney. We'll not only call their bluff, we'll ensure you receive your rights under that mortgage contract, and under state and federal regulations. Most homeowners have no clue they have real legal defenses that if used correctly can delay and postpone a foreclosure in a judicial state such as Illinois for 24 months or more while your attorney defends your foreclosure and negotiates an agressive loan restructuring. The Fish law group, llc has years of experience helping home owners in foreclosure.


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