Jun
22

How to Avoid Foreclosure on Chicago Real Estate

June 22, 2011

foreclosure ratesYou’ve examined the problem from every angle, made adjustments and sacrifices, but it’s still not enough. No matter which way you look at it, you’re facing foreclosure on your Chicagoland home. If this sounds all too familiar, don’t give up hope just yet.

In “

Can I Save My Home From Foreclosure“ on the

Equifax Personal Finance Blog, real estate expert Ilyce Glink provides information on loan modification and HUD-certified housing counseling that could help you work with the bank to save your  home. She offers tips for contacting the proper people who can assist you with foreclosure issues. Even if you aren’t being helped by the people at your local branch, you can contact the bank president to help resolve the issue.

Glink’s article also explores the anecdotal trends she’s seeing around the country with foreclosures. She says that some of the major reasons for people struggling with house payments are unemployment, pay cuts and heavy medical expenses.

Even if you feel a bit overwhelmed at the thought of facing foreclosure, don’t throw in the towel just yet. Visit the

Equifax Personal Finance Blog, read Glink’s article and examine your options. You may find resources that you hadn’t considered before or new ways of approaching things.

About The Author

Read All Stories By Mitch Levinson

Mitch Levinson is the author of “Internet Marketing: The Key to Increased New Home Sales” published by BuilderBooks. He is an Internet marketing expert with expertise in search engine optimization, website development, email marketing, social media and CRM consulting services. He is known for creating effective programs that can be tracked through analytics to prove effectiveness and ROI. Mitch is founder and president of MLC New Home Marketing and MLC FlatFee Realty, as well as managing partner of mRELEVANCE, LLC, a Marketing, Communication, Interactive agency with offices in Chicago and Atlanta. He currently leads the Chicago team. A Multi-Million Dollar Sales Producer who earned an MBA in Computer Information Systems and eCommerce, he brings a unique perspective and experience to the field of real estate communications. Mitch combines the two interests in order to help home builders and developers gain a competitive advantage through the Internet and technology. When he isn’t behind a computer, he enjoys participating in sports and coaching his kids’ teams. Mitch resides in Arlington Heights, Ill., a northwest suburb of Chicago, with his family, which includes two rambunctious labs. Visit my Google+ profile.

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