There's good news for Illinois homeowners: It appears that the percentage of foreclosures is on the decline and the forecast appears promising. According to The Illinois Foreclosure Listing Service, the number of listed foreclosures for the first quarter of 2014 have decreased by 39.17 percent.
As the real estate market appears a bit brighter for Illinois, there are still homeowners struggling to pay their mortgage and possibly facing foreclosure. Aside from contacting an experienced Illinois foreclosure attorney, taking a moment to familiarize yourself and prepare your family with a tentative timeline of the foreclosure process under Illinois Code of Civil Procedure (735 ILCS 5) may prove helpful.
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