Over the past few years, both a sagging economy and the bursting of the housing bubble have caused home values to drop dramatically in Dolton, IL and across the nation. Experts report that the values of homes all over the country have dropped about 12 percent. In some areas, home values have even dropped as much as 20 percent. A lot of these houses were sold using an “80/20” mortgage, that is, a first mortgage for 80 percent of the selling cost, and a second mortgage for the rest of it.
With all this economic turmoil, it’s not surprising to hear that many Americans are unable to meet their obligations. Being in that situation makes it difficult to see any way out, but Illinois law has created a solution for those struggling financially – bankruptcy.
Come talk to the experienced lawyers at Zalutsky & Pinski LTD. We can help you with a specialized solution that fits your personal needs. We have over 50 years experience in this field and can give you a free consultation at one of our 8 offices in the Chicago area.
Whether you live in Dolton or some other part of the Chicago area, call us today at 312-273-1217 to set up a free consultation. The parking is free, the consultation is free, and we even offer night/weekend appointments. What do you have to lose?
By Kerrie Neal
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