Will my mortgage company invoke and enforce acceleration clause if I rent out my home?

NO! Almost certainly, the mortgage company WILL NOT accelerate your mortgage. Yes, it was not a good idea to ask, and the response was...

Selected as the best answer

What does reinstatement mean after being refused a loan modification? Are we in danger of being foreclosed on? Can we ignore it

You received lots of good advice in other answers to your questions. Reinstatement means paying all overdue charges on your loan. If there aren't...

Can you give me some basic information on foreclosure and ways to protect myself?

There are a multitude of ways to protect yourself, depending on your circumstances. The question is too broad to address in this forum. You...

Without question, a bankruptcy filed before the auction will stop the sale. Note also that because lenders are frequently chasing former...

I am in foreclosure in Illinois. Are there federal regulations that prohibit a community bank from doing loan modification?

It's doubtful there are federal regulations that would prohibit a community bank from doing loan modifications. There may be restrictions or...

Selected as the best answer

Should I seek advice from another Attorney on filing Chapter 13 bankruptcy or is this my only option?

Talk to another attorney. Given your limited income, you need to more closely consider a Chapter 7 bankruptcy. That might not be an optimal...

I live in Dupage county IL. I was served a foreclosure notice Sept. 21 2014. What timeframe do I have to stay in my home?

I understand you specifically asked about your foreclosure time frame, but you also commented that you don't care about saving the home because...

Loan Modification

Your wife's bankruptcy WILL NOT disqualify you for a loan modification. In fact, it is a violation of HAMP guidelines for any participating...

Time from AUCTION to end in foreclosure.......

We strongly recommend our foreclosure clients don't move out until they are required to do so. The growth of Zombie Foreclosures has been a...

Bank Refuses To Do A Home Loan Modification And Continues To Charge 6.7% Interest

Your cousin needs to consult a good Attorney or Law Firm, experienced and knowledgeable in Foreclosure Defense, Bankruptcy, and Foreclosure...