Illinois Foreclosure Law Center
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.
Learn how an Illinois foreclosure works, including preforeclosure steps, foreclosure procedures, and homeowners’ rights under both state and federal laws.
Can your lender get a deficiency judgment after a foreclosure in Illinois?
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.
Can I redeem my foreclosed home in Illinois? Maybe. Depending on the circumstances, you might get a redemption period after a foreclosure in Illinois.
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