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Mortgage Foreclosure, Mortgage Modification and Predatory Loan Defense

Many of the foreclosures that have recently begun to plague homeowners in Illinois, Wisconsin and around the country could have been prevented. At Lakelaw, we foresaw this crisis years ago when predatory lenders started committing mortgage fraud and giving out unfair adjustable rate mortgage loans to subprime borrowers who would not be able to repay them. Even worse, there are many scam-artists who will search for people in foreclosure and try to persuade them to deed their houses away in order to save them from creditors. DO NOT DO THIS! CALL US AT ONCE! And call your local States Attorney, District Attorney, State Attorney General or United States District Attorney.

Contact Lakelaw online or call 1-866 Lakelaw (525-3529)

Since 2003, we have been studying strategies for turning the tables on predatory lenders. Since then, many homes have been lost in Chapter 7 bankruptcy proceedings by debtors who assumed that foreclosure is inevitable. But foreclosure is not inevitable. We will always look at all of your mortgage refinancing papers at no additional cost to you. We do not think that this is standard practice among bankruptcy attorneys, but we think that it should be.

There are a number of different laws in place to make sure lenders do not take advantage of borrowers who do not understand their rights, including:

Using these laws, we may be able to help you keep your home from getting foreclosed, renegotiate a mortgage agreement and even recover money that was taken from you in the form of unfair interest.

Mortgage Rescue Scams

Has anyone tried to “help” you save your house by asking you to give them a deed? Have you actually given somebody the deed to your house to “protect it” until you can “buy the house back”?

If so, you have been scammed by Mortgage Rescue Fraud. The Illinois Consumer Fraud and Deceptive Business Practices Act, the federal Home Owners Equity Protection Act and Chapter 100.18 of the Wisconsin Statutes provide very effective tools to fight back against Mortgage Rescue Fraud. We also will not hesitate to ask for jury trials to pursue your claims of common law fraud, fraud in the inducement, misrepresentation, conspiracy to commit fraud, aiding and abetting fraud and numerous other common law claims.

Leaders in the Fight Against Predatory Lending

Lakelaw is among the first firms in Illinois or Wisconsin to start fighting back against predatory lending, particularly in the context of bankruptcy, and we have begun teaching other attorneys how to do the same. With enough like-minded consumer protection advocates behind us, we hope that our efforts will help bring about a major shift in the way judges view these cases and laws. We’ve been asked to speak on this subject in Wisconsin, Illinois, Arizona, at the National Association of Bankruptcy Trustees and to write on this subject for the 2008 Norton’s Annual Survey of Bankruptcy Law.

If you are losing your home because of predatory lending or mortgage rescue scams, we may be able to help. Bring every document you have relating to your mortgage agreement (if they are still in their original packaging, so much the better), and we will see if you have got a case. There is no additional cost for this service.

To schedule an appointment, contact Lakelaw online or call 1-866 Lakelaw (525-3529).

We will fight to protect your rights against predatory loans in Illinois or Wisconsin, in state or federal courts, from Chicago to Milwaukee and in the La Crosse 7 Rivers Region.

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