Banks – Attorneys At Law https://www.fausettlaw.com Attorneys practicing in and around the Chicagoland area. Experienced in the practice areas of Real Estate Law, Mortgage Foreclosure Defense Litigation, Business Law, & Estate Law. Tue, 01 Nov 2022 16:35:34 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.19 Federal Reserve to Keep Interest Rates Steady https://www.fausettlaw.com/interest-rates-steady/ Thu, 23 Aug 2018 17:18:41 +0000 http://www.fausettlaw.com/?p=3239 If you are planning on buying a home in the near future, there is good news for you from the Federal Reserve about interest rates. The Federal Open Market Committee unanimously voted to maintain the federal funds rate at a range of 1.75-2 percent.   Here is the original story as published by The Federal Savings […]

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]]> Beware Online Wire Transfer Fraud https://www.fausettlaw.com/banking-wire-transfer-fraud/ Fri, 11 Aug 2017 20:24:52 +0000 http://www.fausettlaw.com/?p=2793 Be aware! Online banking fraud is on the rise. If you receive an email containing WIRE TRANSFER INSTRUCTIONS, call the title company directly to verify the information prior to sending funds. Scam artists in the United States and around the world defraud millions of people each year by using internet scams to deceive people into giving them personal […]

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]]> Mortgage Rates Surging After Presidential Election https://www.fausettlaw.com/mortgage-rates-surging-after-presidential-election/ Mon, 19 Dec 2016 18:14:03 +0000 http://www.fausettlaw.com/?p=2385 The average rate of a 30-year-fixed rate mortgage has jumped to 3.94%, up from 3.57% last week. In the past two weeks, the rate has increased 40 basis points. But that’s still pretty low. This time last year, a 30-year mortgage was 3.97%. The higher rate means the monthly payment on a $250,000 home loan […]

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]]> Wells Fargo Limiting Short Sale Extensions https://www.fausettlaw.com/wells-fargo-limiting-short-sale-extensions/ Wed, 30 Nov 2016 21:29:03 +0000 http://www.fausettlaw.com/?p=2363 Wells Fargo has announced that the company will stop granting extensions for many distressed homeowners to complete short sales. The bank has stated it changed its policy on short sales at the behest of investors for whom it services mortgages, including the government-sponsored enterprises. Mary Berg, a spokeswoman for Wells, confirmed that the story reported […]

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]]> Five Tips for Beating Bank Foreclosure https://www.fausettlaw.com/five-tips-for-beating-bank-foreclosure/ Tue, 08 Sep 2015 05:18:05 +0000 http://www.fausettlaw.com/?p=2204 Since the recession of 2008, foreclosures have become much more common than before. Luckily, there is a new legal practice area for lawyers to help homeowners keep their homes. Lawyers combine many facets of their knowledge to help you keep your home. Five Common Defenses Standing is one of the tactics. The entity filing the […]

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