Chicago Defective Mortgage Attorneys
Are you behind on your mortgage payments and facing home foreclosure? The reason may be that your mortgage is defective and your mortgage broker, lender and other parties are taking advantage of you. If that is the case, an experienced foreclosure defense lawyer can help you save your property while holding the appropriate parties accountable.
At Atlas Consumer Law, we have extensive experience representing homeowners throughout Chicagoland who are facing home foreclosure and other creditor actions. We know the law and are prepared to make it work for you.
Contact us today online or by telephone at (312) 313-1613 to speak with a Chicago foreclosure lawyer.
What Is a Defective Mortgage?
The mortgage broker who assisted you in getting your home loan was supposed to be acting in your best interest. All too often, however, mortgage brokers are biased toward the lender, making the terms of the loan unfavorable to the borrower. If you could have qualified for better terms than you actually received, your mortgage may be defective.
- Signs of a defective mortgage include:
- Your mortgage payments are between 50 and 110 percent of your monthly income.
- You bought your home only recently, and it is currently valued at less than you paid for it.
- Your lender refuses to refinance as promised.
In pursuing a defective mortgage claim, we can take legal action against mortgage brokers, account executives (employees of the lender), underwriters, lenders, appraisers and other parties who contributed to your loss. Our Illinois attorneys are adept at achieving results through negotiation and litigation, depending on the situation. We are dedicated to helping you keep your property and getting on the road to debt relief.
Are you facing home foreclosure? Contact us today online or by telephone at (312) 313-1613 to speak with an experienced Chicago foreclosure defense attorney.