Comments on: Does anyone know about the foreclosure laws in IL? http://www.bestforeclosurenews.com/foreclosure-laws/does-anyone-know-about-the-foreclosure-laws-in-il Todays Foreclosure News & Info Fri, 26 Nov 2010 15:55:08 +0000 hourly 1 By: Mark S http://www.bestforeclosurenews.com/foreclosure-laws/does-anyone-know-about-the-foreclosure-laws-in-il/comment-page-1#comment-358 Mark S Sat, 31 Jan 2009 07:47:59 +0000 http://www.bestforeclosurenews.com/foreclosure-laws/does-anyone-know-about-the-foreclosure-laws-in-il#comment-358 I'm not sure how your credit can be excellent with an approaching foreclosure. Illinois is a 13-month state (one of the longest in USA). It will take at least that long from the last payment you made until the foreclosure sale takes place. Even then, it probably won't sell and you can buy the home back from the bank. There are many options. The questions you're asking here should be addressed to your lender. Believe me, they don't want to take your home.<br><b>References : </b><br> I'm not sure how your credit can be excellent with an approaching foreclosure.

Illinois is a 13-month state (one of the longest in USA).

It will take at least that long from the last payment you made until the foreclosure sale takes place.

Even then, it probably won't sell and you can buy the home back from the bank.

There are many options.

The questions you're asking here should be addressed to your lender.

Believe me, they don't want to take your home.
References :

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