There are options for delaying or avoiding foreclosure, including fighting in court to the bitter end, working with the bank or mortgage company to modify a loan or get a deed in lieu, or filing for bankruptcy. Of these, bankruptcy is the only really sure bet. You file a federal bankruptcy suit and the state foreclosure process comes to a screeching halt. Before doing that, make sure it’s what you want.
Banks paid billions for foreclosing homes with fabricated evidence, but no bankers went to jail. Is turnabout fair play? Chuck Kalogianis will soon find out.
Michele Parker, the Tinley Park squatter, has lived in a $400,000 suburban Chicago home with neither lease nor mortgage for two years now. In these tough economic times, she is supporting her three children and a disabled elder the best way she knows how. She’s been to eviction court more than once to defend her occupancy […]