HOME MODIFICATION AND FORECLOSURE – BANKS PROTECT THEMSELVES BY USING BOTH OF THEIR OPTIONS AT THE SAME TIME!

A bank can be engaged (as well as they seem to become engaged) in the process of evaluating your home mortgage loan for modification and at the same time  go after ownership of your residence through judicial foreclosure. Although Illinois homeowners continue to struggle with their mortgage payments and try to avoid foreclosure, many banks and mortgage companies continue to pursue foreclosures against borrowers seeking loan modifications while the application for modification is still under … [Read more...]