If you fail to make mortgage payments on time, it's possible that you will lose your Illinois home. However, there are several strategies that may prevent this from happening. At a minimum, fighting a foreclosure may provide time to negotiate a new payment plan or to...
If you live in Illinois and fall behind on your mortgage loan, your lender can attempt to repossess your home through foreclosure. Although repossession is a frightening proposition, the lender must follow a specific procedure to let you know your loan is in default....
Pre-foreclosure is the first phase of the legal proceedings that end with repossessing defaulted borrower's property. A lender starts the process by filing and sending a notice of default on the property. The pre-foreclosure begins after the borrower exceeds the...
Foreclosure is a scary word for homeowners in Illinois that are still paying their mortgages off. If you miss enough mortgage payments, your lender could potentially initiate a foreclosure action and take your home. However, foreclosure is typically the last resort...