Mortgage Foreclosure Defense

Facing Mortgage Foreclosure in Illinois? You Still Have Options

If you have fallen behind on mortgage payments, you may be facing a mortgage foreclosure in Illinois. Illinois law provides homeowners with rights and legal defenses. Foreclosure does not automatically mean you lose your property.

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What Is Mortgage Foreclosure?

A foreclosure typically begins when:

• You fall behind on mortgage payments

• The lender files a foreclosure complaint in court

• You are served with foreclosure papers

• The Illinois foreclosure court process begins
   

How We Help With Mortgage Foreclosure Defense

• Challenging the lender’s standing

• Reviewing loan documentation

• Identifying mortgage servicing errors

• Raising foreclosure defenses

• Negotiating loan modification

• Seeking repayment plans

• Exploring foreclosure settlement options

• Protecting property equity

• Delaying foreclosure sale

• Preventing loss of property
   

Common Foreclosure Defenses in Illinois

• The lender does not own the loan

• Improper assignment of mortgage

• Failure to provide required foreclosure notices

• Payment accounting errors

• Loan servicing violations

• Statute of limitations issues

• Predatory lending concerns

• Procedural defects in the foreclosure filing
   

Options Besides Losing Your Property

• Loan modification

• Mortgage reinstatement

• Repayment agreements

• Short sale

• Deed in lieu of foreclosure

• Selling the property and preserving equity

• Negotiated payoff
   

Protecting Your Property Equity

Many homeowners facing foreclosure still have equity. Foreclosure defense helps ensure that your equity is protected whenever possible.
 

Our Illinois Mortgage Foreclosure Defense Practice

• Residential homeowners

• Investment property owners

• Multi-unit property owners

• Clients with significant equity

• Property owners facing Cook County foreclosure

• Tax deed property owners facing mortgage foreclosure

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Frequently Asked Questions
 

Can I stop a mortgage foreclosure in Illinois?

Sometimes. Depending on your situation, foreclosure may be delayed or resolved.

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How long does foreclosure take in Illinois?

Foreclosure often takes several months or longer.

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Can I still sell my property during foreclosure?

Yes. Selling may allow you to preserve equity.

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What happens if I ignore foreclosure papers?

The lender may obtain a default judgment.

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Do I need a foreclosure defense attorney?

An attorney can help protect your rights and equity.