North Chicago is an outer suburb/exurb of the Chicago metropolitan area and is an incorporated city in Lake County, Illinois, United States. The population was 35,918 at the 2000 census. North Chicago hosts the Great Lakes Naval Training Center and the manufacturing headquarters of Abbott Laboratories. The city is also home to Rosalind Franklin University of Medicine and Science, which houses the Chicago Medical School and the Dr. William M. Scholl College of Podiatric Medicine.

Foreclosure Law Lawyers In North Chicago Illinois

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What is foreclosure law?

Foreclosure is the cutting off or termination of a right to property to compel payment of a mortgage or other debt secured by a lien. As to real property, like a house or land, foreclosure is started because of non-payment of the debt and leads to the selling of the property to which the mortgage or lien is attached in order to satisfy that debt. Lawyers who assist with foreclosure issues help struggling homeowners consider their options -- both foreclosure and foreclosure alternatives -- and determine the best course of action. Foreclosure alternatives may include loan modification, short sale, forbearance, reinstatement, and repayment plans.

Answers to foreclosure law issues in Illinois

Laws prohibit debt collectors from using abusive or deceptive tactics to collect a debt. Unfortunately, many...

This varies from state to state and lender to lender, but most lenders don't start foreclosure proceedings until you...

When facing foreclosure it is important that homeowners understand all of the options available to help prevent...