If you’ve fallen behind on your mortgage payments, the prospect of foreclosure may be hanging over your head like a dark cloud. But the process isn’t as daunting as it sounds. Illinois law provides robust protection for homeowners fighting to keep their houses. And with the help of a local foreclosure attorney, you may be able to keep your home altogether.
How the Foreclosure Process Works
In Illinois, lenders must file a formal lawsuit in order to foreclose on a house. And while the process varies from case to case, the steps to a foreclosure usually follow the same course:
How to Respond to a Foreclosure Lawsuit
After you receive a summons—the formal letter notifying you of the foreclosure lawsuit—you have two options: (1) ignore the summons altogether, or (2) fight the lawsuit. If you simply ignore the summons, your lender will probably win the case and take possession of your home as soon as they receive the court’s approval.
However, if you choose to fight the lawsuit, Illinois law provides a number of potential defenses against foreclosure. The mortgage lending process is very complicated, and there are a number of missteps banks can make along the way.
Of course, mortgage lenders are usually represented by a team of highly skilled attorneys. To boost their chances in court, homeowners often hire a foreclosure lawyer to help them navigate the process.