Legal Question in Real Estate Law in Illinois

Normally the "last" step before the lender proceeds with collection efforts against the borrower directly, is for the court to confirm the sale, at which point the deficiency is liquidated. Making sure the numbers are right and what your additional exposure may be is something that you should care about, because if you think there's a mistake you can motion to set aside the sale. It could be your last chance to fix things, so it is wise not only to attend but also have an attorney be there with you, or for you....

The response given is not intended to create, nor does it create an ongoing duty to respond to questions. The response does not form an attorney-client relationship, nor is it intended to be anything other than the educated opinion of the author. It should not be relied upon as legal advice. The response given is based upon the limited facts provided by the person asking the question. To the extent additional or different facts exist, the response might possibly change. Attorney is currently licensed to practice law actively only in the State of Illinois, inactively in Florida. Responses are based solely on Illinois law unless stated otherwise.