Blog
Common Mistakes to Avoid When Pursuing a Short Sale in Illinois
Pursuing a short sale in Illinois can be a practical solution for homeowners struggling to keep up with their mortgage payments. A short sale permits you to sell your home for less than the remaining balance on your loan, potentially avoiding foreclosure and the lasting impact it can have on your credit. While this process may seem straightforward, it is filled with legal and financial complexities. Making mistakes along the way can delay the process or even jeopardize your ability to complete the sale successfully. At Covert Marrero Covert LLP...
How A Deed-In-Lieu Of Foreclosure Can Help You Avoid Long-Term Credit Damage
Facing foreclosure is an overwhelming experience, especially when the future of your financial stability is at stake. Many Illinois homeowners feel trapped between their inability to keep up with mortgage payments and the damage a foreclosure can do to their credit score. However, a deed-in-lieu of foreclosure offers a potential solution to avoid the lasting harm foreclosure can cause. This process allows homeowners to transfer ownership of their property to the lender voluntarily, effectively resolving the mortgage debt. While it’s not the r...
Key Strategies For Defending Against Business Property Foreclosure In Illinois
Facing foreclosure on your business property is a stressful experience. Losing a valuable asset doesn’t just threaten your livelihood—it also impacts your employees and customers. We understand how vital it is to protect your investment and keep your business operating smoothly. Fortunately, in Illinois, there are legal strategies that can help you fight foreclosure and retain your business property. Our goal is to guide you through these options so you can make well-informed decisions during this difficult time. The Illinois Mortgage F...
Challenging Mortgage Lender Errors In Illinois Foreclosure Cases
As experienced Illinois foreclosure defense attorneys, we understand how stressful the foreclosure process can be. If you are facing the possibility of losing your property, please understand that you do have legal rights and options. One of the most effective ways to defend against foreclosure is by identifying and challenging mortgage lender errors. Mortgage lenders in Illinois are required to follow specific legal guidelines throughout the foreclosure process, and even minor mistakes can be grounds for contesting the foreclosure action. Thes...
The Top Reasons To Fight Foreclosure And Save Your Home In Illinois
As an experienced Illinois foreclosure defense attorney, I understand the emotional turmoil of possibly losing your home. Fighting foreclosure is not just about keeping a roof over your head; it’s about claiming your rights and exploring all possible avenues under the law to keep your financial future intact. Here are compelling reasons, rooted in Illinois statutes, why you should fight against foreclosure. Illinois Allows A Reinstatement Period Under the Illinois Mortgage Foreclosure Law, 735 ILCS 5/15-1602, a homeowner may reinstate his...
Contact Our Office
