(630) 378-2200
·
mhedayat@mha-law.com
·
Mon - Fri 8:00am - 5:00pm
Request a Case Evaluation

Category

Mortgage
Her 29-year-old daughter, a graduate student with an annual income of less than $20,000, qualified for a mortgage of $600,000 with no money down, split into two different loans at 8.75 percent and 12.5 percent interest rates. With income from tenants . . . Beatty’s daughter thought she could afford monthly payments of nearly $5000....
Read More
The number of people with damaged credit is growing almost every year and foreclosures are the highest ever. With all this happening, many people are worried that they will never be able to get good rates on their mortgages and keep their payments low. Here is some information you may not know that can save...
Read More
I went to business school in the Reagan Era a/k/a the 80′ a/k/a “greed is good.” Period. We were taught that the only reason not to make it in this country was that you were too stupid, too lazy, or just not part of the club. That was 2 careers and 20 years ago. I...
Read More
Maryland U.S. Attorney Rod Rosenstein recently announced that a grand jury had indicted a 56 year old mortgage broker, principal of Mortgage Bankers, Ltd., for wire fraud and money laundering. According to the 17-count indictment the defendant used websites to solicit customers for his lending business and promote his company as a commercial lender capable...
Read More
even as interest rates fall the rate of mortality among sub-prime lenders keeps rising into the stratosphere — select this link to see the chart in Google Docs or select this link to see underlying data.
Read More
Appeal from 1st Dist. In re: Application of the County Collector, No. 97165 (April 19, 2007) On remand from US Supreme Court (THOMAS) (KILBRIDE, dissent), the Illinois Appellate court affirmed that a stutory deed issued for non-payment of taxes (“tax deed”) could not be set aside merely because the homeowner was in a mental health...
Read More
As an attorney and the president of a small title company I work with real estate and real estate financing as well as bankruptcy and credit rehabilitation. In other words I work with money: not directly mind you, but I help clients to deflect and cope with creditor harassment, get the benefit of their contracts,...
Read More
As previously pointed out in this post bankruptcy filings rose across the board in the first 3 quarters of 2006 even as high FICO scores have become even harder to come by. So while just over half the population has a score of 700+ (“safe” according to the industry) only 1 in 10 enjoys a...
Read More
Oh, to be in real estate now: a real estate or mortgage broker. But not just in the business. To even be exposed to the market is hazardous to your financial health; mortgage applicants, sellers, developers, contractors, trades-people, suppliers, designers, interior decorators, the list goes on and on. What a nightmare. With sub-prime lenders going...
Read More
What do you get when you cross the trillion-dollar home mortgage market with the loosest credit standards this side of Las Vegas? How about $11 billion in write-offs by one bank alone? And that’s just the beginning. Household Savings (HSBC) began unloading billions in non-performing home mortgages – a move that reflects the growing uptick...
Read More
1 7 8 9

Let us help you!

If you need any helps, please feel free to contact us. We will get back to you with 1 business day. Or if in hurry, just call us now.

Call : 630.378.2200

Request a Case Evaluation