A mortgage foreclosure is a lawsuit to repossess your house .

IMPORTANT INFORMATION FOR DEFENDANTS IN A RESIDENTIAL FORECLOSURE

(This information does not apply to commercial foreclosure. Consult a professional for advice)

YOU HAVE RIGHTS DURING THE FORECLOSURE

1. POSSESSION: The lawful occupants may be able to live in the house until a judge orders an order of eviction.
2. OWNERSHIP:   You may have the right to sell the house or refinance the mortgage during the redemption period. Contact Marki D. Lemons at 773-454-0274 to discuss saving 25% on selling your home at the highest possible price.
3. REINSTATEMENT:   You may have the right to bring the mortgage current within 90 days after you receive the summons.
4. REDEMPTION:   You may have the right to pay off the loan during the redemption period.
5. SURPLUS:   You have the right to petition for any excess money that results from a foreclosure sale of the house.
6. WORKOUT OPTIONS:   The mortgage company does not want to foreclose the mortgage if there is any way to avoid it. Call the mortgage company or their attorney to see if there are any other alternatives to foreclosure.
7. GET ADVICE:   This information is not exhaustive and does not replace the advice of a professional. You may have other options. Contact Marki D. Lemons at 773-454-0274 to discuss those options.
8. LAWYER:   If you do not have a lawyer and are able to afford one, you may call one of the following lawyers.

1)     Christopher Slaughter: (773) 493-5053

2)     Avalon Betts-Gaston:  (312) 275-0640

PROCEED WITH CAUTION

You may be contacted by people offering you help with foreclosure. Follow these precautions:

1.    Do not pay anyone any money upfront.

2.    Do not sign any papers you do not understand.

3.    Get professional help before entering any deal involving your house.