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Illinois Foreclosure Laws

Judicial	Yes
Non-Judicial	No
Process Period	300 Days
Sale Publication	NA
Redemption Period	90 Days
Sale / NTS	Court

Judicial Foreclosures: In court foreclosures begin when the lender files a Complaint to Foreclose Mortgage with the court. This complaint is then served on the borrower, and any other parties involved. If the borrower cannot be found then the notice is published. The borrower has 30 days to respond to the court. If they fail to respond the court will enter an order of default. If they do contact the court parties will litigate and possibly go to trial. If the court�s decision favors the lender the borrower has a 90-day redemption period before the sale can take place.

Non-judicial Foreclosures: The state of Illinois does not prohibit out of court foreclosures.

Sale: The sale will take place after the redemption period. A notice of the sheriff�s sale is published in the local newspaper once a week for three weeks; the final publication must be seven days before the sale is to take place. The lender will provide the opening bid, which typically is the full amount, owed. The person with the highest bid at the sale receives a certificate of purchase.

Additional Information on Illinois Foreclosure

HUD resources for Illinois residents

The information and notices contained on this website are intended as general research and information and are expressly not intended, and should not be regarded, as financial or legal advice. We attempt to ensure that the material contained on the web-site is accurate and complete at the date first published, however you should recognize that information contained on this web-site may become out of date over time. Readers who have particular questions real estate financing or foreclosure, or who believe they require legal counsel, should seek the advice of an attorney. By submitting this contact request, you are consenting to be contacted by foreclosure consultants by telephone or email, even if you have previously listed yourself on any state or federal Do-Not-Call List. Please note that Wisdom may receive compensation from the foreclosure consultants for that introduction.