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Foreclosure Process Timeline

In Illinois, it can take approximately 12–15 months for a foreclosure to be completed. The following is an approximate timeline of what to expect. Prepare yourself by consulting a housing counselor.

--- • If you are 30–60 days late on your mortgage payment, your lender will
--- • contact you. Don’t avoid their calls. Explain why you are unable to
--- • make the payments and when you expect to resume payments.

--- • If you are 60–120 days late on your mortgage payment, your lender
--- • will send you a notice of intent to foreclose on your home. This will
--- • become public information. Beware of companies or entities that
--- • claim they can prevent your foreclosure immediately, or sign over
--- • your deed, especially for a fee. It could be a scam.

--- • If you are 120–175 days late on your mortgage payment, you will be served
--- • with a summons to appear in court. You will have 30 days to respond.

--- • 60 days after receiving the summons, if you have not appeared in
--- • court, a default judgment of foreclosure concerning your property
--- • will be made against you.

--- • 90 days after receiving the summons, your right to “reinstate your
--- • loan” (pay all back payments and any fees) will have expired.

--- • 7 months after receiving a summons, your right to settle the loan
--- • by selling the house or refinancing will have expired and the house
--- • will be sold at a sheriff’s auction.

--- • Fifteen days after the sale, you will receive a notice to vacate
--- • the property.

--- • Thirty days after the sale, you could be forcibly evicted.