Has One of Your Neighbors been a Victim of Predatory Lending?

Living in a single-income household as a real estate agent brings with it its own bag of worries. Who would pay the bills if I were in an accident and could no longer get out to work? Certainly not my two cats, Lucy and Laura (aka: Devils of Destruction; Demons in Disguise). Their main worries don't go beyond getting enough food and sleep in the sunshine. They have no concern for how the mortgage gets paid on our modest but comfortable condo in a vintage rehab. I've talked with them about becoming productive members of society. They could gather up shedded fur bunnies, knit scarves and sell them on e-bay. To no avail. They will have nothing of it.



But on a more serious note. I recently found out that one of my neighbors here in Evanston, IL was served with a complaint of foreclosure which is only the first step in the long foreclosure process. I reached out to them to see if there was anything at all that I could do and they told me that they were in fact victims of predatory lending. A shady Florida attorney offered to help these first-time home-buyers to refinance which led to a snowball effect of events. They lost much valuable time and now find themselves in the first stages of foreclosure.



To learn more about what is being done in the greater Chicago area to help others such as my neighbors, check out the full article in Chi-Town Daily News.