Foreclosure Questions, Answered
Do I really need a lawyer for a foreclosure?
A foreclosure is a lawsuit, and the bank has lawyers. Without a response, the court can enter a default judgment. A lawyer can raise defenses and negotiate options you may not know exist.
How long do I have to respond after I'm served?
Generally 30 days from service in Illinois. Check your summons and call a lawyer right away.
Can I stay in my home during the foreclosure?
Yes. You can usually stay in the home until the court confirms the sale and the possession period ends.
Do I have to file bankruptcy to stop a foreclosure?
No. Bankruptcy is one tool, but many cases can be defended or resolved without it.
What if a sale date is already set?
Options may still exist, but time is short. Call immediately.
Can the bank come after me for money after the sale?
Possibly. If the sale doesn't cover the debt, the lender may seek a deficiency judgment. Some settlements waive it.
What does a foreclosure lawyer cost?
[Describe fee structure: flat fee, monthly, or case-by-case.] The first case review is free.
I'm a renter. Do I have to move out?
Not necessarily. See our Tenants in Foreclosure page for your rights in Chicago.
Read about tenant rightsWill talking to my lender stop the case?
Not on its own. Keep negotiating, but still respond to the lawsuit on time.
This page is general information, not legal advice. Every case is different.
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