November 15, 2016Why Was My Loan Modification Denied?Loan modifications are rarely granted because foreclosure is a quicker and often more lucrative remedy for lenders. The borrower needs to put together an […]
November 15, 2016Foreclosure Fraud in IllinoisFraud is another basic argument used against lenders where the loan origination documents bear some indicia of foul play. Fraud is an […]
November 15, 2016Who Securitized My Mortgage?Originators can maintain a connection to the original asset even after transferring it, by performing the role of a “servicer.” The servicer is […]
November 15, 2016Where Did My 401K Go?Mortgage Backed Securities: A False Sense of Security The high positive ratings of Mortgage Backed Securities by the rating agencies gave false […]
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, 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 15, 2016How to Stop Foreclosure in IllinoisMany people, including many lawyers believe that the only defenses to foreclosure is payment of the mortgage, this is a misnomer. The […]
October 2, 2016Challenging a Trustee Plaintiff’s Standing to Maintain a Foreclosure Lawsuit in IllinoisAn Article by Damon Ritenhouse and Prashant Vallury This article explores the process of securitization in the mortgage industry and how it […]
July 18, 2016Think Before You AnswerAn EV Has Blog Post by Brittany Earl, Esq. Edited by Prashant R. Vallury The effects of foreclosure are felt nationwide. Property […]