Legal Question in Real Estate Law in Illinois

I have been trying to do a reverse mortgage with Litton Loan since February 2009. I received a short pay of 180k but it expired due to someone dropping the ball that was supposed to get the loan to pay off the bank. I got another person who got the ball rolling again. We asked Litton Loan for an updated payoff no one would respond. The property went to sale on March 31, 2010 and now the order approving sale and possession is on May 5, 2010. What are the rights of the borrower when they are trying to get updated information from a bank and then they foreclosure on me. I'm 78 years old black man and wheel chair bound. Please give me some hope so I will not be outside. Thanks


Asked on 4/29/10, 4:43 am

3 Answers from Attorneys
David Labovitz Labovitz Law Firm, P.A.

The fact that you weren't able to get an updated payoff isn't going to help you at this point. The better approach would have been to file some responsive pleading in the foreclosure action to postpone the matter long enough to get the reverse mortgage worked out. At this point, by waiting this long and not taking any action in the foreclosure suit, I believe you have run out of options.

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Answered on 5/04/10, 5:04 am
Burton Padove Indiana and Illinois Lawyer, Burton A. Padove

As soon as you are finished reading this call 312-341-1070, which is the number for the Legal Assistance Foundation of Metropolitan Chicago

The office closest to you is:

Legal Assistance Foundation of Metropolitan Chicago at the

South Suburban Service Office

900 East 162nd Street, Suite 101

South Holland, IL 60473

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Answered on 5/04/10, 5:09 am
Kenneth Goetz

I hghly recommend LAF also [Legal Assistance Foundation of Metropolitan Chicago].

Please call immediately 312-341-1070 and be patient. If you have hearing problems have a friend or relative assist in this call.

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Answered on 5/04/10, 8:57 am


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