January 2010 Archives

January 21, 2010

On The Virtual Law Office

I'm pretty excited about the coming week. I had planned to launch our new Virtual Law Office (VLO) this week, but it's been a lot more work than I'd expected. However, by next Wednesday, everything should be live and accessible by other people.

At this point, you might be wondering what a virtual law office is. Quite simply put, it is an online law office that can provide service to the entire state of Illinois as opposed to our current reach to the counties of Cook, DuPage, Lake, McHenry, Will, Kendall and DeKalb. Once it is live, it will be accessible via our website. We aren't the first people in the country to be doing this, but the VLO field is pretty small at this point.

More detail on what this all means after the jump.

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January 6, 2010

A New York Lawsuit With Promising Implications for Chicago Homeowners

In November 2009, the Legal Aid Society of New York filed a class action suit against Aurora Loan Services, L.L.C., Timothy Geithner, and other Federal officials. The suit, filed in the U.S. District Court for the District of Columbia, takes an interesting approach.

First and foremost, any individual who is eligible for a loan under the Federal Home Affordable Modification Program (HAMP), and whose loan is serviced by Aurora is likely a member of the class. This means that an untold number of borrowers in Chicago, greater Cook County, and across the state of Illinois may be part of the class. Some of our own clients may very well fall within the class. At some point in the future, those whose loans are serviced by Aurora may very well receive a notice telling them that they may opt-out of the class if they wish to pursue their own lawsuit.

More thoughts on the complaint after the jump.

Continue reading "A New York Lawsuit With Promising Implications for Chicago Homeowners" »

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