One unfortunate result of the recent real estate crash is its impact on many professionals who previously made a good living servicing loans, issuing title insurance and advising home buyers and sellers. Real estate lawyers, lending institutions and brokers have had to retool and find other ways to use their body of knowledge regarding residential and commercial real estate loans.
Some professionals whose practices were turned upside down have re-educated themselves to prepare to help property owners avoid foreclosure, get loan modifications. Career transitions by such professionals can meet market needs.
Is a Questionable Organization Offering to "Fix" Your Mortgage Problems?
However, our bankruptcy law firm of Ledford & Wu has observed that a number of players in the real estate marketplace have repositioned themselves in unscrupulous operations. Many now take advantage of their distressed client base by participating in questionable financial practices. Unethical practitioners tend to make promises that they are unable to fulfill, leaving property owners high and dry after accepting commissions on special deals such as loan modification applications. Some come or call from faraway states to recruit new clients in Illinois for their moneymaking schemes, raising false hopes for homeowners in trouble.
What if a Loan Modification Is the Right Answer for You? We Can Help.
Perhaps a loan modification or other special remedy is an appropriate solution for you, but we urge you to consult with a local attorney who understands the market in your area. Our Chicago area consumer rights lawyers are prepared to advise you on all viable debt relief options.
Contact an Experienced Chicago Lawyer Regarding Ethical and Unethical Mortgage Solutions
Discuss your mortgage problems with a knowledgeable debt relief attorney at Ledford & Wu. Contact us today. We can help you detect unethical practices by mortgage relief advisers who have solicited your business.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
