Home Foreclosure Attorneys in Illinois
Due to the current, turbulent state of the U.S. real estate market, foreclosures are at an all-time high. Foreclosed homes are a common sight on many streets throughout the country and here in Illinois. Many individuals and families have taken on mortgages that they cannot afford and are now facing foreclosure. Though this may seem like a hopeless situation for some, there are ways the pending foreclosure may be stopped.
Our lawyers at Edward T. McCarthy & Associates are dedicated to helping individuals and families deal with the foreclosure issues they may be facing. We take a practical and comprehensive approach to each and every case, reviewing all of the details so we can appropriately advise our clients on the best course of action to take. We have many years of experience handling foreclosures on behalf of residents throughout Illinois and fully understand all of the laws that apply in foreclosure situations. Contact our firm today to learn more about the representation we offer in foreclosure matters.
Time is of the essence when dealing with a home foreclosure. If you are behind on your mortgage payments, concerned about foreclosure, or have already received a foreclosure notice, it is essential that you get in touch with an experienced lawyer as soon as possible. The foreclosure cannot be effectively dealt with unless we act fast.
Negotiating the loan is an option that may aid in stopping the home foreclosure. Short sales, described below, are another option. However, it is important to know that not all foreclosures can be stopped. Though we go to great lengths to help clients stop foreclosure, we may not be able to stop it and may have to take other steps in order to remedy the situation as best we can.
Short Sales
A short sale is an option that may prevent a foreclosure. Through this process, a lender or bank agrees to reduce the balance of a loan due to hardship on the part of the borrower. This is often allowed when a lender views the short sale as resulting in smaller financial loss than a foreclosure. We can help you understand if a short sale is in your best interests in order to prevent foreclosure of your home.
To learn more about how to deal with home foreclosure, contact an attorney at our firm today and schedule a consultation.
Edward T. McCarthy & Associates
Business Address:
3 Ginger Creek Parkway
Glen Carbon, IL 62034
Mailing Address:
PO Box 276
Edwardsville, IL 62025
Toll Free: (888) 847-9322
Tel: (618) 307-4099
Fax: (618) 656-2840
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