Naperville Residential Real Estate Lawyer
Illinois Loans & Distressed Property Real Estate Attorney
The decline of the American housing market and economy as a whole has left many homeowners facing extreme financial difficulty. This has led to increased residential loan defaults and foreclosure proceedings. At Lindell & Tessitore P.C., we assist homeowners in dealing with distressed loans and foreclosures. We also represent lenders in distressed property actions. Our firm has the experience and knowledge to effectively advocate on behalf of our clients and their rights.
Strategies for Distressed Homeowners & Lenders
For many Americans, their home is their largest asset and most significant investment. When difficult financial times threaten that investment, it’s important to have an experienced attorney in your corner. Attorney Dennis P. Lindell is familiar with a variety of strategies to help homeowners in distress including negotiating short sales, deed-in-lieu of foreclosure agreements, loan workouts and restructure agreements. We offer clients professionalism and compassion in dealing with what can be a difficult situation.
Should your lender initiate foreclosure proceedings, we can help protect your rights and interests. Foreclosures are not done deals, and we have the experience needed to defend you in a foreclosure action. If a lender does not follow the letter of the law, we can successfully prevent or delay a foreclosure. As a last resort, we can also assist you in filing for bankruptcy as a way to prevent foreclosure.
We also represent lenders in actions to protect their financial interests in distressed property matters. Attorney Dennis P. Lindell uses his vast knowledge of loan structures and real estate law to facilitate creative solutions for lenders.
Loan Financing Assistance
Many loan defaults and foreclosures occur because homeowners do not understand the exact terms of their mortgage. After enjoying an initial low interest rate, some mortgages suddenly jump to exorbitant rates. One way to prevent becoming the victim of vague or misleading contract language is to have a real estate attorney review and negotiate the contract. At Lindell & Tessitore P.C., we scrutinize the loan terms and negotiate with the other party to protect our clients’ rights and interests.
If your home is in default and threatened with foreclosure or you need an attorney to assist you in obtaining proper loan financing, contact us to discuss your situation. From our offices in Naperville, IL, we serve the surrounding areas including Naperville, Plainfield, Oswego, Aurora, Lisle, Winfield, Wheaton, St. Charles, Geneva, Batavia, Yorkville, Downer’s Grove, Warrenville, Romeoville, Joliet, Bolingbrook and the greater Chicagoland area.