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Chicago Foreclosure Auctions See Dramatic Increase in First Half of 2012
Through the first half of the year, foreclosure auctions in Chicago more than doubled. In fact, according numbers released by the Woodstock Institute ...
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Sulaiman Law Group, Ltd.
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New Data on Underwater Borrowers
Dr. Stan Humphries, the Chief Economist at Zillow.com, recently released some data from the Zillow Negative Equity Report. Some of the data may be a ...
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Sulaiman Law Group, Ltd.
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New FHFA Guidelines to Streamline Short Sale Process
On August 21, the FHFA announced new short sale guidelines for loans backed by Fannie Mae and Freddie Mac. The guidelines, which go into effect on ...
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Sulaiman Law Group, Ltd.
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Why a Strategic Foreclosure Does Not Mean "Just Walk Away"
I frequently receive calls from prospective clients who have friends in California that simply walked away from an underwater home. This may work in ...
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Sulaiman Law Group, Ltd.
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Woodstock Institute Reports A Spike in Completed Foreclosures
Although there are no accurate foreclosure numbers on a national scale, the Woodstock Institute does a good job of keeping track of foreclosure data ...
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Sulaiman Law Group, Ltd.
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Hope LoanPort(R) and Your Loan Modification
If you are seeking a loan modification from Bank of America, you will soon be required to submit your documents through an online portal called Hope ...
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Sulaiman Law Group, Ltd.
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How Many Foreclosures Have Happened Since the Housing Market Crashed?
Frighteningly enough, nobody knows . I spend a lot of time absorbing data about the housing market. More often than not, when one news outlet reports, ...
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Sulaiman Law Group, Ltd.
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Sen. Jeff Merkley Has a Great Idea for Underwater Homeowners
Oregon Senator Jeff Merkley has drafted a modest proposal for creating a modern version of the Home Owner's Loan Corporation (HOLC) to bail out ...
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Sulaiman Law Group, Ltd.
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FHFA Director DeMarco Ignores Facts, Refuses To Permit Principal Reductions
The Federal Housing Finance Agency, the entity that oversees Fannie Mae and Freddie Mac, recently released a study demonstrating that principal ...
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Sulaiman Law Group, Ltd.
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