What Are the Differences Between Short Sales and Foreclosure?

If you’re falling behind on mortgage payments and facing default, you’re probably searching high and low for solutions – and as a result, you’ve probably come across the terms “short sale” and “foreclosure.”  Here in our home base of Illinois and around the country, homeowners often find themselves trying to determine the difference between these two courses of action. Both are options for borrowers who have fallen behind on mortgage payments or have a mortgage that //READ MORE

2019-10-28T15:22:57-05:00 November 5th, 2019|Community|

Investment Property Vs. Second Home

Maybe you’ve always had dreams of owning multiple homes in different cities across the globe – you know, a beachfront property in Malibu, a gleaming penthouse in New York, a cozy cabin in Telluride.  Perhaps your goal has always been to retire as a “snowbird,” and spend the chilly half of the year in California, before coming back to Chicago for a sunny spring. Or, perhaps, you’re the sort of person who’s always aspired to own //READ MORE

2019-10-21T15:50:09-05:00 October 31st, 2019|Community|

Applying for Credit After Bankruptcy: Key Things to Keep In Mind

Bankruptcy is intended to give debtors some breathing room, and the chance at a fresh start. The bankruptcy process can allow debtors to discharge certain debts and restructure other obligations, to make them less of a month-to-month burden. This way, the debtor can move forward as a productive member of the economy once again – and often, that is going to include taking on new lines of credit over time.  For debtors looking to move on //READ MORE

2019-10-21T15:42:08-05:00 October 29th, 2019|Community|

Looking Out For Debt Relief and Credit Repair Scams

When you’re facing mounting debts, every ringing phone or trip to the mailbox can become a stressful ordeal. Debt can impact just about every aspect of a person’s life – including your overall health and well-being. If you’re feeling trapped under burdensome debt, it’s only natural to start looking for ways to get out from under it all – or, at the very least, to find a solution that may make your monthly obligations more manageable.  //READ MORE

2019-10-14T16:30:48-05:00 October 24th, 2019|Community|

What Does It Mean to Discharge a Debt?

Bankruptcy is a way for debtors to discharge certain debts, and restructure others to make them more manageable. It is intended as a way for those struggling with mounting debts to hit “reset,” in order to take a breather, and, eventually, reenter the economy with a cleaner slate.  If you’re considering bankruptcy as a lasting solution for debt relief, it’s important to know what it really means to receive a discharge — including what types of //READ MORE

2019-10-14T16:17:14-05:00 October 22nd, 2019|Community|