What You Should Know About Foreclosure Mediation Conferences In Illinois

Some counties in Illinois offer mediation programs to homeowners in foreclosure, which are “designed to create an opportunity for homeowners and lenders to come together to explore mutually beneficial alternatives to foreclosure.”

At the mediation conference, a homeowner and a representative from the foreclosing lender will come together with an impartial third party where alternatives to foreclosure, such as loan modification, repayment plan, short sale, and deed in lieu of foreclosure, may be discussed.

Can I Participate In Mediation?

In some counties in Illinois, it's mandatory that mediation be offered to eligible homeowners facing foreclosure.

[fa icon="clock-o"] Saturday, July 7, 2018 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] illinois foreclosure lawyer, mediation, foreclosure process in illinois

Disclaimer: These results should not be taken as a guarantee, as each case is unique. We have helped over 7,000 homeowners. Here are some of their stories.

Every week we obtain loan modifications for our clients with a variety of loan servicers. You can see these results as they are announced on Twitter (#loanmodwow) or Facebook. Here are some of our results from this week with Caliber, Bayview, PHFA, and Wells Fargo:

Caliber

After falling 8 months and $16,719.18 past due on their mortgage, we helped our Caliber clients get a final VA loan modification with $283.31 cheaper monthly payment and $16,719.18 deferred for 30 years!

Successful Loan Modification Roundup Week of 6/29/18

Disclaimer: These results should not be taken as a guarantee, as each case is unique. We have helped over 7,000 homeowners. Here are some of their stories.

Ocwen

Our Ocwen client was 38 months and $47,526.85 past due on her mortgage, which had been modified in 2015. with a foreclosure sale date scheduled, but we helped her get a 3-month streamline trial loan modification plan with $188.54 cheaper monthly payment!

Successful Loan Modification Roundup Week of 6/22/18

Disclaimer: These results should not be taken as a guarantee, as each case is unique. We have helped over 7,000 homeowners. Here are some of their stories.

Loan Care

Recent clients of our firm were 25 months and $24,996+ past due on their Loan Care mortgage, but we helped them get a 3 month FHA trial loan modification plan with cheaper monthly payment and a fresh start!

[fa icon="clock-o"] Friday, June 22, 2018 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] carrington loan modification, loan care loan modification, loan modification success

Owning a timeshare can be so expensive that, if you inherit one, you may want to refuse to take it by filing something called a “disclaimer of interest”.

This may be a surprise because typically inheriting something is a good thing. That's not necessarily the case with timeshares because a significant amount of them are basically worthless.

Even if you are bequeathed a timeshare that is totally paid off, you'll still have to pay monthly maintenance fees for as long as you have it. These maintenance fees can be $700-$800 a month or more. At $800 a month, you'll be paying $9,600 a year to use a timeshare for one week a year. Some deal.

[fa icon="clock-o"] Monday, June 18, 2018 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] timeshare cancellation

Disclaimer: These results should not be taken as a guarantee, as each case is unique. We have helped over 7,000 homeowners. Here are some of their stories.

Wells Fargo

Our Wells Fargo clients were 26 months and $56,544+ past due on their mortgage with a foreclosure sale scheduled, but we helped them get an FHA partial claim loan modification (their second) that lets them keep their home!

[fa icon="clock-o"] Friday, June 15, 2018 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] wells fargo loan modification, bayview loan modification, loan modification success

Disclaimer: These results should not be taken as a guarantee, as each case is unique. We have helped over 7,000 homeowners. Here are some of their stories.

Caliber

Our Caliber client has a three month trial loan modification plan with $99.86 cheaper monthly payment after falling more than 2 years and $48,731.75 past due on his mortgage!

How Do You Write A Timeshare Rescission Letter?

Do you want to cancel your timeshare? If you're like most people who've purchased a timeshare, then the answer is yes. 85% of all people who buy a timeshare regret their purchase.

It's no wonder. Timeshares are not a good investment, the fees associated with them increase over time, and people often feel that they didn't have all the facts at the time they signed the contract.

Fortunately, there are ways out. If you decide that purchasing a timeshare was a mistake soon after signing the contract, then you may be able to rescind the contract. If you can do that, then you will be out of your timeshare contract and should be refunded any money you spent. Like it never happened.

Step 1: Find out how long your rescission period lasts.

The first thing you'll want to do is to find out how long your rescission period is. It ranges from 3 to 15 days in most states, so you won't have a lot of time to spare even in the best circumstances. Look at your contract to find out how much time you have.

[fa icon="clock-o"] Tuesday, June 5, 2018 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] timeshare cancellation

Sometimes you have to give something up to get something else. That's the case for recent clients of our firm who agreed to a consent order that involved them consenting to judgment and withdrawing their contesting answer to the foreclosure complaint in exchange for getting more time before judgment was entered and avoiding a trial.

A little background on foreclosures is required to explain what a consent order is. In judicial foreclosure states like Florida, New Jersey, New York, Pennsylvania, and Illinois, a lender must sue a homeowner in a civil lawsuit in order to foreclose on their home.

If you're served a foreclosure summons and complaint, which starts the lawsuit, you have the right to answer it and deny the bank's claims and raise your own defenses. And you should, if you have any desire to keep your home. It can buy you a lot of time in your home, during which you can work toward a permanent solution.

[fa icon="clock-o"] Monday, June 4, 2018 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] final judgment, consent order

Disclaimer: These results should not be taken as a guarantee, as each case is unique. We have helped over 7,000 homeowners. Here are some of their stories.

Wells Fargo

Our Wells Fargo client had a HAMP loan modification in 2011, but fell 7 months and $6,201.96 past due on her mortgage. We got her get an in-house loan modification with $220.68 cheaper monthly payment!

Foreclosure and Loan Modification Blog

What You Should Know About Foreclosure Mediation Conferences In Illinois

Can I Participate In Mediation?

Successful Loan Modification Roundup Week of 7/6/18

Caliber

Successful Loan Modification Roundup Week of 6/29/18

Ocwen

Successful Loan Modification Roundup Week of 6/22/18

Loan Care

Avoid Inheriting A Timeshare By Filing "Disclaimer of Interest"

Successful Loan Modification Roundup Week of 6/15/18

Wells Fargo

Successful Loan Modification Roundup Week of 6/8/18

Caliber

How Do You Write A Timeshare Rescission Letter?

Step 1: Find out how long your rescission period lasts.

Should You Negotiate A Consent Order In Foreclosure?

Successful Loan Modification Roundup Week of 6/1/18

Wells Fargo

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