How You Were Involved in Foreclosure A lot of people are under the impression that they understand the housing market, but unfortunately, they are actually unaware of all the players involved and how they got so far in debt. As a leading foreclosure lawyer in Oak Brook, Illinois, Ahmad Sulaiman of Sulaiman Law and Associates has met with dozens of clients who are facing foreclosure and who just don't understand how they ended up in this...more
Benefit from a Good Foreclosure Defense You may think that you should only enter litigation with your lender in a foreclosure case if there is the possibility that you can afford your home, and that if you can't afford your mortgage, you should cut your losses and abandon your home. However, according to Oak Brook foreclosure attorney, Ahmad Sulaiman of Sulaiman Law and Associates, the truth is that a properly constructed foreclosure...more
A Deed in Lieu of Foreclosure As a respected foreclosure lawyer in the Chicago area, Ahmad Sulaiman of Sulaiman Law and Associates has met with dozens of clients who are facing foreclosure. And many of them are more focused on ending the situation than searching for the options that are best for them. In order to protect your future, however, Sulaiman says you may want to consider a deed in lieu of foreclosure, which is another way to extinguish the rights you have to your home in order to settle the debt you owe to lenders. In the past few years, Sulaiman has approached the financial struggles of his clients with various methods that he believes worked best for their particular situations. Here, he tells us one of those options: A deed in lieu of foreclosure. Another OptionMuch like a short sale, or other forms of loss mitigation, a deed in lieu of foreclosure is another option to extinguish the rights you have to your home in order to settle the debt you owe to lenders. By accepting the deed in lieu of foreclosure, the bank will, in most cases, free you from liability on the loan, also known as a deficiency. Beneficial to Both PartiesAgreeing to a deed in lieu of...more
Foreclosure Defenses Available The goal of a proper foreclosure defense will result from an in-depth study of all the documents and the specific narrative of the client. As an experienced foreclosure lawyer of Sulaiman Law and Associates, Ahmad Suleiman has acquainted himself and his clients with the many foreclosure defenses available in...more
The Entire Foreclosure Process As a homeowner facing financial hardship, you may think that once you receive a complaint of foreclosure — the legal notice telling you a claim has been filed by your lender — you have to start packing your bags. But, this couldn't be further from the truth. Regardless of that fact that there are plenty...more
Know about a Foreclosure Complaint According to Ahmad Sulaiman of Sulaiman Law and Associates, when it comes to a legal situation that involves an asset as important as your home, it is vital that you do not venture into litigation on your own. In fact, finding a qualified foreclosure lawyer in your area can help you keep your home during the process. Sulaiman is a sought-after real estate attorney in Illinois, whose mission is to provide legal assistance to homeowners so that they are able to retain their properties as long as legally possible. To help people get a better idea of what they can expect during foreclosure, here, he explains what a complaint of foreclosure is, and what their responses should be. Legal DocumentA complaint of foreclosure is the legal document that states that your lender — usually a bank — is filing a request to foreclose on your house because you have been unable to uphold the payment terms of the loan. The complaint will be addressed to you and will include the name of plaintiff (the lender who is making the claim against you), the details of your loan, the outstanding debt that you owe and possible time you have before the lender will...more
If you want to make a wise decision regarding real estate investment why not mull over the possibility of considering the foreclosures in the bank? There are many properties that you can choose from at a very affordable price.Below are some...more
Owing to the foreclosure crisis, the Real Estate bubble has enfeebled the US national economy. As a result of mortgage distress, homeowners are currently bound to face the inevitable foreclosure crisis. The conventional approach to mortgage...more
The rate of foreclosures fell 42% in Florida last November, according to data released by a property tracking firm. It was compared to foreclosure rate in the state in October. Compared to the volume of foreclosed home listings in November last year,...more
Foreclosure Trash Outs: What Gets Left Behind Foreclosures are set to shatter records yet again in America this year. This unfortunate scenario has, at least, provided a new and lucrative business opportunity to many who desperately needed...more
A team of attorneys generals of 50 states is investigating the case of banks and servicers using thousands of documents that were not properly checked by its employees. More than half of foreclosures happen in 27 states which have no compulsory...more
Acquiring a home is a challenge. With all the real estate projects around, one may just have to do a little more research than necessary. Finding a home does not only consist of your gut feel, it requires you to use your mind objectively.Foreclosures...more