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How Many Chicago Homes Are Part of Fannie Mae's New Foreclosure to Rental Program?
The short answer to the above question: 99 properties. How many units are in those 99 properties? 120. How many of those units are vacant? 34. On ...
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Sulaiman Law Group, LTD.
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Is The OCC's Independent Foreclosure Review A Farce?
Late last year, the Office of the Comptroller of Currency announced that several banks had agreed to conduct an independent foreclosure review to ...
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Sulaiman Law Group, Ltd.
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What Is The Big Deal About "Neither Admit Nor Deny" Settlements?
Last year, Judge Jed S. Rakoff blocked a settlement between the SEC and Citigroup. His reason? Citigroup was paying a fine but not admitting to any ...
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Sulaiman Law Group, LTD.
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Can I Use Making Home Affordable, The Foreclosure Settlement, and The OCC Settlement Together?
In the past six months, we have seen the expansion of Making Home Affordable, in particular in the refinance (HARP) and the loan modification (HAMP) ...
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Sulaiman Law Group, LTD.
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How Does The Foreclosure Fraud Settlement Affect Banks?
The foreclosure fraud settlement absolves the 5 major banks from liability for robosigning and other practices. The breadth of this waiver of ...
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Sulaiman Law Group, LTD.
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How Does The Foreclosure Fraud Settlement Affect Illinois Homeowners?
On February 9, 2012, the Attorneys General of 49 states and the United States announced a settlement with Bank of America, Wells Fargo, JP Morgan ...
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Sulaiman Law Group, Ltd.
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Can I Force My Lender To Respond To My Short Sale Offer?
Prior to January 13, 2012, the answer to that question would have been, "No." However, a new provision of the Illinois Mortgage Foreclosure Law ...
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Sulaiman Law Group, LTD.
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Foreclosure Sales and Filings Drop in Chicago Area, but Problems Persist
According to a recently released report from RealtyTrac, there were 6,348 distressed homes - properties in foreclosure or already bank-owned - sold in ...
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Sulaiman Law Group, LTD.
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Did Your Refinance Truly Extinguish Your Previous Mortgage?
According to Reuters , your previous mortgage may not have been extinguished by your refinance loan. In a normal world, when you refinance a mortgage ...
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Sulaiman Law Group, LTD.
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What Are The New Changes To HAMP?
On January 27, 2012, the U.S. Department of the Treasury announced that it is rolling out new enhancements to HAMP. HAMP loan modifications were set ...
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Sulaiman Law Group, LTD.
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