Representing Sellers and Buyers of Homes and Other Real Estate

Wills, Trusts, Living Trusts, Powers of Attorney and Other Estate Planning

Law Offices of James B. Spina, Ltd.

Experience Counts

Serving the Chicago Metropolitan Area since 1979

 
 


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ILLINOIS MORTGAGE FORECLOSURE


YOU MIGHT BE ONE OF THE MANY HOME OWNERS WHO ARE

selling a house to avoid foreclosure;

unable to sell your home for enough money to pay off the mortgage;

unable to make the payments but can’t sell the house at all; or

in bankruptcy, but still cannot make the house payments.

Any one of these situations is going to hurt you.  It will cost you money and reduce your credit rating.  However, it is likely to hurt you and your family less if you can keep your house from actually being sold at a foreclosure auction.  Depending on your circumstances, you might be able to

salvage some of your home investment before losing it all;

avoid bringing money to closing when you sell;

reduce the overall cost of a really bad situation;

keep a completed mortgage foreclosure off of your credit record.

EXPERIENCE CAN MAKE THE DIFFERENCE.

Many foreclosures are prevented or stopped short when the home owner is able to sell the house or transfer it to the bank before the lender finishes a foreclosure, but these transactions are different.  They are commonly far more complicated than ordinary home transfers.  Many lawyers, even some with large real estate practices, do not want, or may not be equipped, to handle them.  Your best chance is with an attorney who is experienced in handling difficult real estate matters like yours.

 WHAT ABOUT THE COST?

Hiring the right lawyer might not cost as much as you think.  In fact, there are often situations where the attorney’s fees do not come out of the home owner’s pocket at all. 

SEE THE RIGHT LAWYER.

Start by asking a few basic questions.

How long have you been in private law practice?

Is most of your practice in real estate?

How many house closings do you handle each year?

Do you handle many sales of houses that are in foreclosure?


ATTORNEY JAMES B. SPINA.

James B. Spina has been engaged in the private practice of law in Illinois since 1979, and has represented hundreds of real estate sellers and buyers.  Realtors, loan officers, and even other attorneys have been referring problem real estate matters to him since long before the today’s mortgage crisis.  He handles transactions all over the Chicago Metropolitan area, including Cook, Will, Kankakee, DuPage, Kane and Lake Counties.

CALL NOW.

Do not assume that there is nothing you can do and just give up. 

Call.  We might be able to help. 

There is no charge for the initial telephone consultation.


708-647-1900

jbs@SpinaLaw.com


Please Note: 

Our practice is in representing people in real estate sales and purchases. 

We do not

·         defend foreclosure cases or represent anyone in court;

·         file or represent anyone in bankruptcy cases;

·         find buyers for real estate;

·         send people for debt consolidation loans; or

·         deal with any kind of debt not directly related to real estate.

 
 

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ALL INFORMATION ON THIS WEBSITE IS EDUCATIONAL IN NATURE.     IT IS NOT LEGAL ADVICE IN ANY RESPECT.  CONTACT YOUR ATTORNEY FOR ADVICE SPECIFIC TO YOUR NEEDS.    

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All material on this website copyright © 1996 – 2008
 

Partial list of communities served:  all over Chicago, suburbs and surrounding Illinois areas, including Tinley Park, Flossmoor, Matteson, Homewood, Lynwood, Olympia Fields, Glenwood, Park Forest, Richton Park, Orland Park, Lansing, Burnham, Calumet City, Sauk Village, Alsip, Blue Island, Crestwood, Riverdale, Mokena, Beecher, Chicago Heights, South Chicago Heights, Steger, Country Club Hills, Crestwood, Hazel Crest, East Hazel Crest, Thornton, Crete, Monee, Peotone, Markham, Midlothian, Oak Forest, Posen, Oak Lawn, Frankfort, University Park, Joliet, Palos Heights, Worth, Bedford Park, Burbank, Forest View, Stickney, North Riverside, Riverside, Joliet, Lemont, Lockport, Wilmington, Romeoville, Shorewood, Orland Park, Hickory Hills, Palos Hills, Palos Park, Manhattan, Minooka, New Lenox, Calumet Park, Dixmoor, Dolton, Harvey, Phoenix, South Holland, Ford Heights, Robbins, Chicago Ridge, Evergreen Park, Hometown, Merrionette Park, Berwyn. Bedford Park, Bridgeview, Hoffman Estates, Schaumburg, Burr Ridge, Countryside, Hodgkins, Indian Head Park, Justice, La Grange, McCook, Summit, Western Springs, Willow Springs, Cicero, Bellwood, Berkeley, Broadview, Brookfield, Forest Park, Maywood, Melrose Park, Des Plaines, Park Ridge, Rosemont, Bensenville, Elmwood Park, Franklin Park, Northlake, Schiller Park, Lincolnwood, Lemont, Hanover Park, Addison, Clarendon Hills, Downers Grove, Woodridge, Villa Park, Westmont, Elk Grove Village, and more.