Services
Short Sale Negotiations
As a loan modification may not help all individuals with their financial situation, The Illinois Law Group will work with your bank and realtors to negotiate a short sale. A short sale is one way for homeowners to take the initiative in controlling their financial situation. At The Illinois Law Group, we will work diligently and thoroughly to make sure that you are protected from any deficiency judgment that would otherwise be entered against you and ensure that you receive the highest tax protection for any forgiven debt.
Deed in Lieu of Foreclosure
In the unlikely event that you cannot find a buyer for your short sale, The Illinois Law Group will negotiate a deed in lieu of foreclosure with your lender. As an alternative to a short sale, a deed in lieu of foreclosure is a vehicle to protect yourself from from any deficiency judgement that would be otherwise entered against you.
Foreclosure Defense Litigation
Many individuals who are in need of The Illinois Law Group’s services with respect to a loan modification, short sale, or deed-in-lieu of foreclosure also face the prospect of a foreclosure lawsuit being filed against them. It is imperative that any professional who assists you in a loan modification, short sale, or deed-in-lieu of foreclosure also have the necessary qualifications and skill set to represent you in the pending foreclosure in order to meet your objectives. We at The Illinois Law Group realize this necessity and will represent our clients in the foreclosure lawsuit while we achieve your other legal needs. In addition, some individuals are victims of predatory lending, ILG will ensure that all your legal rights are vindicated to prevent the foreclosure aftermath of predatory lending.
Credit Card Settlement
Debt collection efforts are strictly regulated by State and federal law and set forth permissible and non-permissible methods for debt collectors when collecting consumer debt. For example, the collector is not allowed harass you or contact you at inconvenient times or places after being told to stop. Although violations of these laws do not “wipe away” legitimate debts, such violations do require mandatory monetary reward to you of up to $1,000, plus actual damages, plus reasonable attorney fees and court costs paid by the collector if you prevail.
At The Illinois Law Group, we will work with your creditors to settle your debts for cents on the dollar. Unfortunately, many of ILG clients are the victims of unfair lending and violations of the fair debt protection act. Given the often overbearing tactics of debt collectors, The Illinois Law Group will work to stop the harassing telephone calls and help take control of your financial situation.