Illinois Association
of
Foreclosure Prevention Professionals

Promoting Public Education
and Ethical Foreclosure Prevention Practices

Illinois Foreclosure Type

Illinois foreclosure laws specify Judicial foreclosure.

Image of the Scales of Justice from the Illinois Association of Foreclosure Prevention Professionals
'Judicial foreclosure'

is accomplished by filing a lawsuit through the court system.

The process starts
with a notice of the lenders intent to foreclose
which must be given to the borrower (homeowner),
and any other person entitled
by Illinois statutes to receive notice
of the 30 day notice of 'mortgage acceleration'

Then a 'Notice of default'
commonly referred to as a 'NOD', is filed,
a 'lis pendens' is recorded against the property title,
and 'a complaint to foreclose mortgage' is filed in court.

The court case will be scheduled about 30 days after the complaint to foreclose mortgage is filed.

The process then runs it's course

depending on the actions or inactions
the homeowner takes

as a regular court case.

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This site provides information about foreclosure law designed to help users safely cope with their own legal needs. But legal information is not the same as legal advice. The application of law varies with an individual's specific circumstances. Although we go to great lengths to make sure our information is accurate and useful, we recommend you consult a lawyer if you want professional assurance that our information, and your interpretation of it, is appropriate to your particular situation.