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July 2015 Archives

If you thought the student uprisings in the '60s were bad …

There are hundreds of arguments in favor of continuing your education after high school. Employers prefer college grads. Technical jobs require specific technical knowledge. More education promises a more fulfilling career, a career that blends personal growth with income growth.

Foreclosures match 2007 rate; home prices still far from peak

Corelogic, a real estate data analysis company, recently released its report on foreclosures during May 2015. Year-over-year, the number of completed foreclosures nationwide declined by 19.2 percent. From April to May, though, the number increased by a little more than 4 percent.

Without paychecks, how will state workers manage?

A Cook County judge's decision earlier this week could put state employees in a world of financial hurt. Until the Illinois Legislature and Gov. Bruce Rauner agree on a 2016 budget, about 65,000 state workers could go without pay. While the judge's ruling ordered that workers covered by a Federal labor law should be paid -- at the minimum wage -- state officials say it could take months to determine which employees would be eligible.

Mortgage servicers not the only ones to mess up during crisis p3

We are wrapping up our discussion of a case initiated by the Illinois Attorney General against a mortgage field services company. We explained in our last post that lenders and mortgage servicers engaged the company to take care of properties that were vacant following foreclosure. The company, however, sent agents to properties before the foreclosure was completed. Those agents locked residents -- homeowners and renters -- out, removed their belongings and shut off utilities, even though the lender did not yet have title to the property.

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Lynch Law Offices, P.C.
1011 Warrenville Road
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Lisle, IL 60532

Toll Free: 800-491-7493
Fax: 888-691-8337
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