Office address

17855 Dixie Highway
Homewood, IL 60430
phone: (708) 991-7268
fax: (312) 268-1123

Practice Areas > Foreclosure


I am “The Stop Foreclosure Attorney” Ernest B. Fenton.  It is my passion to represent clients who are in foreclosure.  To that end, I negotiate with your bank to modify the terms of your existing mortgage.This may include a reduction in your interest rate or additional time to make payments while we pursue legal remedies to your problem. If we discover that you have been a victim of predatory lending or that your rights were otherwise violated; (in many instances) I will file a lawsuit against the bank if you are in foreclosure.

I have watched countless people lose their homes or become deprived from years of equity, as a result lack of or poor legal representation.  As a Consumer Advocate, it is my charge is to bridge the information and legal assistance gap that disproportionately affects the generally underserved and underrepresented homeowners and communities, and STOP FORECLOSURE. That is what I do!  It is never too early or too late to call. I look forward to working with you.

I have been successful in stopping foreclosure on 24 hours notice.   

PHONE (708) 991-7268 for an appointment.

Loss Mitigation
What is Loss Mitigation?

Loss Mitigation is the generic term that encompasses all the alternatives
to foreclosure that include:

  1. Loan modifications
  2. Forbearance plans
  3. Short Sale
  4. Deed in Lieu
  FOR MORE INFO, download a free whitepaper.

"Crisis Foreclosure"
by Attorney Ernest B. Fenton

"King Kong Is Nothing Compared To Me"
By Attorney Ernest B. Fenton
"This is just a note to thank you personally for saving my home. I’m impressed in how efficient and diligent your staff is. I appreciate that you challenge the status quo and have the ability guide us through paths we never thought possible."

Burr Ridge Homeowner

Forebearance is a “loss mitigation” method that lenders utilize to assist homewoners who are in danger of defaulting on their loans or who have fallen behind and need assistance in “catching up.” You may be allowed to “skip” one or more mortgage payments. Typically they will be “tacked” on to the end of your loan. Other components of a forebearance may include:

  1. Reduced mortgage payments over a three to six month period.
  2. Loan term extended to reduce monthly mortgage payment (i.e., 30 year mortgage term to 35 year term)
Short Sale

A short sale is the act of selling a property for less than what is owed the lender. In order to obtain a short sale you must obtain approval from the lender. Typically a lender will require:

  1. A brokers price opinion of the current value of the property.
  2. Financial worksheet and supporting documents from borrower/seller.
  3. An executed contract.
  4. A preliminary Settlement Statement or HUD-1.
  5. A copy of the listing agreement between you and your broker, if applicable.

The LOEBF has the expertise to assist with a short sale and advise our clients accordingly. Factors to consider when considering a short sale include:

  1. Potential tax liability or imputed income liability by the Internal Revenue Service for difference of monies collected by your lender and the amount they recovered or collected from the short sale.
  2. Avoiding foreclosure while you negotiate a short sale if you are in litigation.
  3. Avoiding having to bring money to the closing.
  4. Qualifying the buyer.
  5. Clearing the title from any other encumbrances (i.e., second mortgages, judgments, liens).
Deed In Lieu
A deed in lieu of foreclosure is when you voluntarily release your rights in your property to your lender by executing a deed in the name of your lender. Typically, the following documents will need to be provided to qualify for a deed in lieu:
  1. Typically requires that you are delinquent on your mortgage.
  2. Evidence of your effort to sell the property.
  3. No second mortgage debt.
  4. No liens or other encumbrances; other than taxes.
  5. Financial worksheet and supporting documents.
A deed in lieu of foreclosure is an underutilized option of relieving a borrower of the obligation of a property they can no longer afford and/or desire. The LOEBF specializes in all forms of loss mitigation techniques; to include negotiating deeds in lieu. To find out more, please contact our office at (708) 991-7268.