December 3, 2016Quitclaim and Warranty Deeds in IllinoisThe Advantages and Disadvantages of Quitclaim and Warranty Deeds There are four facets for a property deed to be legal in the […]
November 15, 2016Foreclosure on a CondominiumForeclosure on a Condominium in Chicago The process for a mortgage lender to foreclose on a condominium, townhouse, or other type of […]
November 15, 2016Truth in Lending Act (TILA) Violations & Right of RescissionWhat is the Truth in Lending Act? The Truth In Lending Act (“TILA”) is a federal statute designed to require creditors to […]
November 15, 2016The Truth in Lending Act (TILA)What is the Truth in Lending Act The Truth In Lending Act (TILA) is a federal statute that requires creditors to disclose […]
November 15, 2016Predatory Servicing by LendersPredatory servicing is a term used to describe the unfair, fraudulent, and deceptive means employed by lenders and servicing agents after the […]
November 15, 2016Predatory LendingPredatory lending is a term used to describe the process by which one party imposes unfair and abusive loan terms on borrowers. […]
November 15, 2016How Are Loans Securitized?Before the securitization process, a bank would issue a loan to a borrower. The same issuing bank collects the loan payments for […]
November 8, 2016The FHA 203(k) Loan ProgramUnder normal circumstances, lenders will not provide mortgages for homes that are not habitable. Buying a home and fixing it up, often […]
November 6, 2016Strategic Default ConsequencesStrategic Default May Be a Risky Option for Many Borrowers Two recent reports by the Office of the Inspector General of the […]