Recently our firm was hired by a homeowner in Chicago, Illinois who needed help saving her home from foreclosure. To protect her privacy, I'll call this client “Ms. Campbell”.
Ms. Campbell's home was scheduled to be sold in a foreclosure auction in March, 2018. She hired us in January. Retaining an experienced law firm like ours that has a record of helping people in her situation was the smart thing to do, but it's better to do so before a sale date is scheduled.
With so little time until the scheduled foreclosure sale, would we be able to save her home?
Unlike most people facing foreclosure, Ms. Campbell wasn't past due on her mortgage payments. She doesn't even have mortgage payments. She was facing foreclosure on her reverse mortgage, which takes advantage of the equity she had in her home.