All foreclosures of Illinois property occur through the judicial system. A lender must sue a borrower in state circuit court in order to foreclose on a property when a loan is in default. The court can order that a foreclosure sale occur or the borrower can offer a deed in lieu of foreclosure where the property is deeded back to the lender without a foreclosure sale occurring.
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This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified foreclosure lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local foreclosure attorney to discuss your specific legal situation.
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