Foreclosure is an action to take possession of mortgaged property when a borrower fails to comply with the terms of a mortgage agreement. In Illinois, foreclosure requires a judicial cause of action, and the process is governed by the Illinois Mortgage Foreclosure Act.
There are three key phases for an Illinois Mortgage Foreclosure, 1) Pre-Foreclosure, 2) Foreclosure and 3) Post-Foreclosure.
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FORECLOSURE
Illinois eviction laws vary from county to county. Generally it includes:
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Awaiting judgment
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EVICTION
Creating and finalizing estate planning documents, such as wills, trusts, powers of attorney, and living wills.
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ESTATE PLANNING
Duties generally includes preparing and reviewing key documents such as the property deed, disclosures, settlement statements, tax forms required at closing, and other legal paperwork to ensure there is no prevent error during the home transaction process.
Hire an Attorney from Legacy Law Center to support your Home selling or buying process.