State and federal laws govern the foreclosure process. In Illinois, foreclosures are judicial, which means the lender (the plaintiff) must file a lawsuit in state court. Here, you can find the specific laws that apply to foreclosures in Illinois, including a detailed description of how foreclosures work and more.
Illinois Foreclosure Laws and Procedures
Learn how an Illinois foreclosure works, including preforeclosure steps, foreclosure procedures, and homeowners’ rights under both state and federal laws.
Deficiency Judgments After Foreclosure in Illinois
Can your lender get a deficiency judgment against you after a foreclosure in Illinois?
Illinois HOA and COA Foreclosures
If you fail to pay your COA or HOA assessments in Illinois, the association can likely get a lien on your property and might foreclose on your home.
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If I lose my home to foreclosure in Illinois, can I get it back?
Foreclosed homeowners sometimes get the right to redeem (repurchase) the home after a foreclosure sale in Illinois—but you must act quickly.