Illinois attorney

14 Replies

We currently have a non performing note in Illinois and we are looking for an attorney in Illinois that will handle a foreclosure without us needing a debt collectors license.  Any advise would be helpful, Thanks. 

Bob Borla at Borla North & Associates in Downers Grove is a great real estate attorney

That's a state we usually avoid for a number of reasons. Good luck and let us know what it costs & the time it takes.

@Dennis Walker feel free to call my firm. Our attorney's have represented some of the nation's largest lenders in foreclosure actions, so I'm confident we can help you. However, just to be clear, you would also need a mortgage in your favor in order to foreclose. If all you have is a note, you can sue for breach of contract and recover damages, but its the mortgage that collateralizes the property. 

Thanks Ahmed, yes understood.  We will be in touch, thanks. 

@Dennis Walker  been there, done that.  my was in cook county.  on a private promissory note. We went ahead with a foreclosure action. I used Susan Barron in Northfield, Il.  Cook County is a jungle of lawsuits.  good luck. Ron

Ok I would like to know  names of attorneys in Illinois that do wholesalers closings, single  and double closings. I was told they are illegal in Illinois is this true? Anyone know of attorneys in Champaign county in Illinois?

Mark berardi. I've done some work for him and he's done some lawyering for me. Real great guy. Tell him Patrick Moore sent you.

Originally posted by @Ronald Filian :

@Dennis Walker  been there, done that.  my was in cook county.  on a private promissory note. We went ahead with a foreclosure action. I used Susan Barron in Northfield, Il.  Cook County is a jungle of lawsuits.  good luck. Ron

 Ronald, would you mind sharing how long the foreclosure took and what the legal work cost?  I have a non-performing note backed by a property in Cook County.  Thanks.

@Daniel Huang first you better get moving fast, time is not on your side. I don't know if your property has a tenant or not but the winter moratorium kicks in soon; for evictions.  The foreclosure did take long as cook county is #1 in lawsuits in USA. 9 months all in and auctioned off; attorney & court costs north of $15k. However, start with attorney doing "threat letters", see if you can place liens or cross collateralize other assets (or threaten too); get legal advice sooner than later. If rented, you want to be able to get the rental income during the foreclosure process or have them stop paying rent, some of these guys give tenants rent to own contracts and make more complicated. Good Luck.

Thanks @Ronald Filian Is it preferable to have an LLC own the non-performing note and initiate foreclosure if necessary?

Ask an attorney. I am not an attorney. in my case it was in my personal name and I was the only plaintiff named.  good luck.

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