Legal Question in Real Estate Law in Illinois

Illinois cook county foreclosure procedure

I lent money as a 2nd mortgage to a person.It is secured by a recorded mortgage and mortgage note.Person is behind on payments and not communicating. What is foreclosure procedure? What do I do?


Asked on 8/22/07, 9:19 pm

1 Answer from Attorneys
Zedrick Braden III Ainsworth & Associates PC

Re: Illinois cook county foreclosure procedure

Hello. A mortgage foreclosure is a court proceeding in which the lender seeks relief by going after the property in the form of a forefeiture sale. A complaint has to be filed and the defendant being sued has to be served. The statute requires a publication by newspaper as to "unknown owners, etc." I will be happy to discuss this further and in more detail.

Read more
Answered on 8/23/07, 10:48 am


Related Questions & Answers

More Real Estate and Real Property questions and answers in Illinois