• Knock Knock, Foreclosure Help Going Door-To-Door

    Chicago area homeowners in need of foreclosure help and wanting to save their property could soon have help right at their doorsteps. According to a story from Medill Reports published on November 3, 2011, Interfaith Housing Center of the Northern Suburbs will dispatch outreach workers to houses that have received foreclosure notices as part of a door-to-door campaign. The goal is to help homeowners in foreclosure take advantage of free legal services and housing advice through the Circuit Court of Cook County Foreclosure Mediation Program.

    “We’ve been around since 1972 and people still don’t know we exist,” Interfaith executive director Gail Schechter told Medill. According to a report by the Circuit Court of Cook County, outreach workers made nearly 22,000 home visits between July 2010 and March 2011, leading to 1,923 people engaging in the free program. Medill said the report shows 64 percent of participants in the Foreclosure Mediation Program reach an agreement with their bank that “is mutually acceptable to all sides.”

    If you have already looked into free programs to no avail, then you should know that filing for bankruptcy could also be a first step toward keeping your home and getting your finances in order. Our Chicago bankruptcy lawyer can help you in filing for Chapter 7 or Chapter 13 bankruptcy that can keep your family in your house and end debt collector harassment.

    Benjamin Brand Services – Chicago bankruptcy attorney

  • Foreclosure Destroys House First, Neighborhood Second

    The foreclosed two-flat at 4336 West Wilcox is one of the 400 to 500 vacant homes Jonathan Martin inspects each month. “It gets worse and worse every time I come out here,” Martin told the Chicago News Cooperative in a story published on October 28, 2011. “This is crazy.”

    Martin has visited the property regularly for the past 10 months, and according to the Cooperative, in that time “squatters have moved in, mold has grown and thieves have stripped nearly all of the copper piping and plumbing.” Martin told the Cooperative that there was no damage to the walls when he made his first inspection in January, but the damage increased “exponentially” during the summer months. It got even worse one day in late October when Martin found that radiators had been ripped from baseboards and nearly every pipe taken away, as well as heaps of plaster left on the floor and toilets in the kitchen.

    The Cooperative said there are 28 vacant buildings on West Wilcox, which is less than a mile long. Foreclosures account for a majority of the nearly 15,000 abandoned buildings in Chicago as of October 20. Thomas Burton, who bought the house across the street in 1962 and paid off the 30-year mortgage, told the Cooperative he has called the police repeatedly about the drug use and other criminal activities at empty buildings on his block. He also said he would rather help to fix up the house across the street than tear it down.

    If you are struggling to pay your mortgage and looking for foreclosure help , it is important to keep in mind that your neighbors probably do not want to see you lose your home either. Our Chicago bankruptcy lawyers understand the fear many homeowners experience when facing foreclosure. However, it is important for you to understand the benefits your family can receive by filing for Chapter 13 or Chapter 7 bankruptcy. Not only could you eliminate your unsecured debt such as credit cards, but filing a bankruptcy means test could also help determine a way to keep your property. If you have additional questions about the bankruptcy process, contact our office today to receive a free consultation and see how our firm can help.

    Benjamin Brand Services – Chicago bankruptcy attorneys