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what is law in Illinois on foreclosure

Profile picture for murphylaura
How many payments can you be in arrears in Illinois before your lender can foreclose
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January 18 2010 - Rock Island
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Profile picture for hilldr
In Illinois, foreclosure is a Judicial process. Your lender can initiate foreclosure proceedings by filing a lawsuit after the third missed payment (90 days late). This is known as the Lis Pendens (also referred to as the notice of default). The timeline for the sale of the property varies depending a number of factors, but can typically be around 210 days.
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January 19 2010
Profile picture for LUXURY HOME LOANS CA
This link may be a good start to answering your question. ... Best wishes, Rudi
http://www.foreclosurelaw.org/Illinois_Foreclosure_Law.htm
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January 19 2010
 

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Questionwhat is law in Illinois on foreclosure
  • Latest answer by David Hill
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