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Mortgage Modification Illinois: Home Loans From Hell by Dan Rather

Mortgage Modification in Illinois
Thinking of mortgage modification in Aurora, Illinois?  Watch this video by Dan Rather

Mortgage Modification Illinois: Home Loans From Hell by Dan Rather

Mortgage modification  Illinois is a hot topic lately. And most commentators have rendered a verdict: mortgage modification programs like HAMP and HAFA (home affordable modification program and home affordable foreclosure alternatives) have been a colossal failure.

Still, some Aurora homeowners have achieved the impossible to obtain modification or other relief under these programs or others.

Today, I watched a very insightful episode of “Dan Rather Reports” titled “Home Loans From Hell”.  The episode chronicles the frustration of homeowners attempting to modify their mortgages.

If you’re even considering mortgage modification in Aurora, Illinois, you should watch this video. If you do attempt a mortgage modification  Illinois, be sure to have a backup plan. Be ready to file Chapter 13 bankruptcy in Illinois if your modification request-like most-goes down in flames. Only the bankruptcy code’s automatic stay can stop foreclosure. And whatever you do, don’t rely on empty promises the lender (or servicer) opened in writing!

Bankruptcy: not a failure...A Fresh Start! Let Bradley Covey help you understand your bankruptcy options including Chapter 7 and Chapter 13 bankruptcy. Call Today A Fresh Start!
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About Bradley Covey

Bradley Covey is an Illinois bankruptcy attorney helping individuals and businesses file Chapter 7 bankruptcy and Chapter 13 bankruptcy in Kane County, DuPage County, Kendall County and Will County, Illinois. Brad attended SIU undergrad and NIU College of Law. Brad served in the military at Ft. Stewart, Georgia and Ft. Sill, Ok as a Field Artillery Officer. Brad later served in the Illinois National Guard as a Major.