HAMP and HARP Set To End On December 31, 2016

The Home Affordable Modification Program (HAMP) and the Home Affordable Refinance Program (HARP) are set to expire at the end of this year, unless Congress acts to extend them. The programs, which were implemented during the height of the foreclosure crisis, have helped homeowners keep their homes, often on better terms than the original loan. […]

Chicago Property Tax Rate Jumps 12.8 Percent

Chicagoans have known since last year that city property taxes were slated to increase this year. New information from Cook County Clerk David Orr indicates that, on average, property taxes will increase by 12.8%, which translates to a median increase of $412.87. Chicago real estate attorneys were already anticipating this tax hike; many residential property […]

Debt Collection Reform Doesn’t Impact Credit Availability

The Center for Responsible Lending recently released an empirical paper that examined the effect of North Carolina and Maryland’s heightened debt collection reforms. Researchers found that not only did credit availability remain steady, sub-prime borrowers actually saw an increase in credit availability in both states. Both North Carolina and Maryland have laws that restrict how […]

Service of Process and Foreclosure

On April 13, 2016, our firm won a motion to quash service by publication in Kane County, Illinois. Motions to quash service are not easy to win—there is a presumption that the affidavit of a process server is true. After all, if a process server lies on an affidavit, they take the risk of losing […]