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April 2019 Archives

A mortgage modification may help those facing foreclosure

Has your current economic situation had an impact on your ability to afford your home? Have you missed mortgage payments and now the bank is threatening foreclosure? If so, now would be a good time to consider a mortgage modification. Illinois residents whose home loans are controlled by Fannie Mae or Freddie Mac have a particularly good chance at receiving approval to refinance their mortgages.

New debt collection rules on the way

Debt, most people have it. Some are able to manage it, and others may find themselves in so deep that they are dealing with debt collectors seeking payment. Currently, there are debt collection rules in place that protect Illinois residents from collector harassment. Those rules are about to change and not for the better.

Chapter 7 and the state of the average person's finances

There are a lot of Illinois residents who are struggling to make it financially. Their debt obligations continue to grow, and few know the best way to address the problem -- such as seeking relief through a Chapter 7 bankruptcy, among other things. Recently, a debt relief company asked 2,000 adults what the current state of their finances are and what they would give up if it meant helping them get out of debt. Here is what they had to say.

Illinois estate planning: Protect children with a trust

Being a parent is one of the toughest jobs in the world. The vast majority of parents in Illinois and elsewhere just want to do their best to make sure their children are loved and protected. Unfortunately, many parents fail to put plans in place that will protect their children in the event that they are no longer around to care for them. A trust can, if written and funded properly during the estate planning process, safeguard one's children and their future.

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Lynch Law Offices, P.C.
1011 Warrenville Road
Suite 150
Lisle, IL 60532

Phone: 630-761-5274
Fax: 888-691-8337
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Available to meet throughout Will and DuPont Counties