Tag: robo-signing

Robo-signing settlement brings $650,000 in legal help for Illinois homeowners facing foreclosure

Robo-signing settlement brings $650,000 in legal help for Illinois homeowners facing foreclosure
Over half of Illinois homeowners facing foreclosure don’t have a lawyer, according to Attorney General Lisa Madigan. But Madigan announced new help for those homeowners Thursday – a $650,000 grant to Chicago’s Legal Aid Society that provide legal help for people who’s homes are in foreclosure. “Through this grant, many more Chicago area homeowners will... Read more »

New Illinois law to make foreclosure fraud a felony stalls with no Republican support

New Illinois law to make foreclosure fraud a felony stalls with no Republican support
David Lowery, president of the Chicago Far South Suburban NAACP, kept seeing the same problem over and over again. “Our members were coming to us. They were complaining that they hadn’t even missed payments and were being foreclosed on,” said Lowery.  “Some of the people that were being foreclosed on, they didn’t even know the... Read more »

Should Illinois pull out of the nationwide 'robo-signing' settlement?

Should Illinois pull out of the nationwide 'robo-signing' settlement?
California did. New York did. Now Nevada, Massachusetts and Delaware may follow suit. And today, citizens of Chicago are calling on Illinois Attorney General Lisa Madigan to join the growing number of states that have pulled out of a legal settlement that attorney generals from across the nation struck with banks as punishment for improperly... Read more »
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