Legal Question in Real Estate Law in Illinois

foreclosures

If your home is brought back by the bank is there anyway you can save your home


Asked on 2/18/07, 5:25 pm

1 Answer from Attorneys
Charles Dobra Charles Wm. Dobra, Ltd.

Re: foreclosures

Yes. The foreclosure statute provides for a "buyback" period (Period of Redemption). So, you would need to get a "payoff" letter from the bank, and pay CASH. Good Luck.

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Answered on 2/18/07, 6:09 pm


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