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FHFA Files Lawsuit Against Chicago Over Vacant Property Ordinance
The Federal Housing Finance Agency (FHFA) - the regulator that oversees Fannie Mae and Freddie Mac - has filed a lawsuit against the city of Chicago ...
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Sulaiman Law Group, Ltd.
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Reuters: Loan Modification Hassles Slowing Housing Recovery
Anyone who has attempted to get a mortgage loan modification probably has a story to tell. Most of those stories will involve the maze of paperwork ...
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Sulaiman Law Group, Ltd.
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Treasury Department and the Consumer Financial Protection Bureau To Target Mortgage Modification Scams
The Treasury Department, the Consumer Financial Protection Bureau (CFPB) and the Special Inspector General for the Troubled Asset Relief Program ...
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Sulaiman Law Group, Ltd.
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Foreclosure Proceedings Stretching on for Nearly a Year in Chicago
A recent analysis of Chicago foreclosure statistics found that foreclosure proceedings are taking an unusually long time to complete - almost a year ...
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Sulaiman Law Group, LTD.
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Foreclosure Crisis Only Half Over
According to a study by Center for Responsible Lending, we are likely only halfway through the foreclosure crisis. Based on the Center's numbers, 6.4% ...
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Sulaiman Law Group, LTD.
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Late Mortgage Payments On The Rise
Although market observers had initially predicted that the third quarter of 2011 would end with a decrease in mortgage delinquencies, the number of ...
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Sulaiman Law Group, LTD.
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Illinois' Right to Redemption During Foreclosure
Illinois is still suffering from the worst housing market crisis in history; in fact, areas of Chicago are still experiencing a record number of ...
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Sulaiman Law Group, LTD.
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Walking Away Without Liability
Don't be fooled by people who say that you can just walk away from a mortgage. While that may be a great plan in non-recourse states like California, ...
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Sulaiman Law Group, LTD.
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ProPublica: Who's Who of The Financial Crisis
ProPublica has published a handy cheat sheet that outlines the people responsible for the financial crisis and what, if anything, has happened to ...
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Sulaiman Law Group, LTD.
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Chicago's Abandoned Building Ordinance -- Should We Just Amend The IMFL?
Chicago's City Council recently toned down the language of its abandoned building ordinance. As originally drafted, the ordinance would have ...
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Sulaiman Law Group, LTD.
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Zombie Mortgages Are "Back"
The housing crash and foreclosure crisis news cycle doesn't move as quickly as the typical 24-hour news cycle, but it does have the same effect of ...
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Sulaiman Law Group, LTD.
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NYT: Foreclosures Are Killing Us
According to a study published by the National Bureau of Economic Research, foreclosures and health problems appear to be related. Does this mean that ...
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Sulaiman Law Group, LTD.
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Surrendering a Home During Chapter 13 Bankruptcy
Many people going through bankruptcy want to know: what will happen to my home? Unfortunately, the answer to that question is not black-and-white. ...
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Sulaiman Law Group, LTD.
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Another Federal Appeals Court Approves Bankruptcy Lien Stripping
The United States Bankruptcy Appellate Panel for the Eighth Circuit is the latest federal appellate court to approve a debtor's plan involving lien ...
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Sulaiman Law Group, LTD.
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Aid to Neighborhoods Hit Hardest by Chicago Foreclosures
Chicago Mayor Rahm Emanuel recently announced a program that will help neighborhoods that have been significantly impacted by Chicago foreclosures . ...
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Sulaiman Law Group, LTD.
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Robo-Signing Investigation in Illinois
We recently wrote about banks continuing banned foreclosure practices known as "robo signing." These practices - which include signing foreclosure ...
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Sulaiman Law Group, LTD.
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The Tax Implications of Forgiven Debt
Losing a home to a foreclosure or short sale most often comes at a time of great financial hardship. Often, when a home is sold because the bills ...
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Sulaiman Law Group, LTD.
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Delays in the Process Frustrate Short Sales
The real estate market continues to frustrate sellers, buyers and real estate brokers alike. Aside from the record number of foreclosures and ...
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Sulaiman Law Group, LTD.
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