Alternatives to Foreclosure | Options to Foreclosure



When facing foreclosure it is important to know you have options. Remember that when you are in foreclosure, or on the verge of foreclosure, you still own the property and will need to make your decisions as such.

In the state of Illinois the foreclosure process from start to finish will take about a year from the time of the first missed payment. By the time a homeowner has received a Notice of Default (the official notice that the foreclosure process has or will begin) it can take 200 to 250 days. This gives the homeowner approximately a whole year to address the issue and fix the problem!!!

Likes: 0

Viewed: 4

source