Mortgage companies in Illinois will proceed with a foreclosure at some point when a homeowner falls behind on payments.
Probably the most effective way of stopping or preventing a foreclosure is filing Chapter 13.
The basic requirements are
- Being able to resume regular monthly mortgage payment;
- Being able to repayment the arrearages and the mortgage company’s cost over a period of up to 5 years; and,
- Having a sufficient amount of income to meet your other living expenses.Robert J. Adams and Associates stands ready to help and when necessary can file a case with the court even the same day.
You can down load for free our eBook: SAVING YOUR HOME And Other Real Estate in Illinois.