Legal Question in Real Estate Law in Illinois

Forclosure

I am letting my house go into forclosure. I plan to do a deed in lui. I'm one year into bankruptcy and am not eligible for a loan modification. Can the mortage company garnish my wages or make me pay for any costs they incur?


Asked on 7/15/09, 11:42 am

1 Answer from Attorneys

Re: Forclosure

Not if the deed in lieu is properly drafted.

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Answered on 7/15/09, 11:46 pm


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