Search: Legal Guides written by Ahmad Tayseer Sulaiman (14 found)

Written by Ahmad Tayseer Sulaiman
This is the most commonly asked question. Often Clients are overcome by fear. Instead of searching for solutions they are so paralyzed by fear that all they want to know is how long they have until they will be evicted from their home. Each case is different but there is a general timeline.
4 of 4 users found this helpful. Posted 6 months ago in Real Estate. Jurisdiction: Illinois

Written by Ahmad Tayseer Sulaiman
Borrowers often wait until it is too late to take action in addressing the problem. Many stopped making payments because of an illness and just assume that they can start making payments after they have stopped. Time is of the essence and the Borrower must stay in communication with the lender.
3 of 3 users found this helpful. Posted 6 months ago in Foreclosure. Jurisdiction: Illinois

Written by Ahmad Tayseer Sulaiman
Reinstatement of the loan is a right given by the Illinois Mortgage Foreclosure Act which allows the Mortgagor (the Borrower) to cure the default.
3 of 3 users found this helpful. Posted 6 months ago in Foreclosure. Jurisdiction: Illinois

Written by Ahmad Tayseer Sulaiman
A Borrower in Foreclosure has the right to refinance, however finding a willing lender is difficult.
3 of 3 users found this helpful. Posted 6 months ago in Foreclosure. Jurisdiction: Illinois

Written by Ahmad Tayseer Sulaiman
Often when asked what defenses an individual may have against a bank in foreclosure case, Attorneys will say there is no known defense. The fact of the matter is there are defenses and everyday people are saving their homes by becoming informed on this important subject.
3 of 3 users found this helpful. Posted 6 months ago in Foreclosure. Jurisdiction: Illinois

Written by Ahmad Tayseer Sulaiman
This is the industry terminology for when the Borrower goes on the offense and actually sues the lender for the wrongs committed upon the Borrower.
3 of 3 users found this helpful. Posted 6 months ago in Foreclosure. Jurisdiction: Federal

Written by Ahmad Tayseer Sulaiman
With the explosion of Foreclosures coupled with the massive lack of information about the subject matter has resulted in many people falling victim to scam artists claiming that they can help.
3 of 3 users found this helpful. Posted 6 months ago in Foreclosure. Jurisdiction: Federal

Written by Ahmad Tayseer Sulaiman
Much has been written about Loan Modifications. The reality is that even after all the press about this subject many in the general population do not fully grasp what a Loan Modification is. Notwithstanding popular belief, banks are not under any legal obligation to complete a Loan Modification.
3 of 3 users found this helpful. Posted 6 months ago in Foreclosure. Jurisdiction: Illinois

Written by Ahmad Tayseer Sulaiman
Few people know much about the process. Foreclosure law is a very specialized area of the law. Because no two Foreclosures are identical, general answers are often wrong. Finding individuals to give good advice is often difficult.
3 of 3 users found this helpful. Posted 6 months ago in Foreclosure. Jurisdiction: Illinois

Written by Ahmad Tayseer Sulaiman
Finding qualified legal counsel is difficult when it comes to Foreclosure matters. Knowing what to look out for in regards to qualifications will give the Client a better chance at the outcome sought, because it is the knowledge of the Attorney that the Client is relying on to find a solution.
3 of 3 users found this helpful. Posted 6 months ago in Foreclosure. Jurisdiction: Illinois

Written by Ahmad Tayseer Sulaiman
Each individual or corporate entity licensed to do work in a fiduciary capacity by the government owes the duties of Accountability, Care, Obedience, Loyalty and most importantly disclosure. Disaster may result where any of these duties are violated by the Agent action on behalf of a Principal.
3 of 3 users found this helpful. Posted 7 months ago in Foreclosure. Jurisdiction: Federal

Written by Ahmad Tayseer Sulaiman
Short Sales are commonly touted as the first action to take in the event one falls behind in their payments on their mortgage. The problem is that this advice reaches the borrower not from qualified and competent counsel but from others who have other than the borrower's interests at heart.
3 of 3 users found this helpful. Posted 6 months ago in Foreclosure. Jurisdiction: Federal

Written by Ahmad Tayseer Sulaiman
A Deed In Lieu of Foreclosure is a legal mechanism by which the borrower will deed the property back to the Lender in exchange for a full accord and satisfaction of the debt owed upon the property. The procedure is more negotiation than legal work but it may be used if the fact pattern warrants.
11 of 11 users found this helpful. Posted 6 months ago in Foreclosure. Jurisdiction: Illinois

Written by Ahmad Tayseer Sulaiman
There are two major statutory rights under the Illinois Mortgage Foreclosure Act. The first is a Reinstatement and the second is the Statutory right of Redemption.
5 of 5 users found this helpful. Posted 6 months ago in Foreclosure. Jurisdiction: Illinois