Of course, if you don’t fight the foreclosure action, you will eventually lose your home. In order to protect your interest, it’s important to act quickly and wisely immediately after receiving the summons. Listed below are a few key mistakes to avoid when fighting an Illinois foreclosure:
- Failing to file an answer. If you ignore the foreclosure summons and fail to file a timely answer to the foreclosure complaint, you may lose your case by default, even if you have valid defenses to the lender’s action. Make sure to file an answer within 30 days of receiving the complaint.
- Packing up and moving out. Remember, your mortgage lender’s foreclosure complaint summons is just the first step in a long journey to take possession of your house. In Cook County, the typical foreclosure case lasts more than two years. During this time, homeowners usually have a legal right to remain in their homes.
- Refusing to negotiate. If your bank is amenable to the request, modifying your existing home loan might be a painless solution to the foreclosure problem. Loan modifications, however, require a bit of proactive negotiating, and a lender willing to work with you.
- Doing it yourself. In most cases, homeowners who seek professional assistance are able to raise more issues in their defense. Whether you call a housing counselor approved by local authorities, or a licensed Illinois foreclosure defense attorney, seeking outside assistance could help you gain an edge in court.
These are just four of the biggest mistakes to avoid when you receive your foreclosure summons. For more information on how to defend your home against a foreclosure action, contact a Cook County foreclosure attorney today.