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NEWS

Illinois Eases State-Wide Foreclosure Notice Requirements... but Beware of Local Ordinances Still at Play

Previously, under the Illinois Mortgage Foreclosure Law, lenders and servicers foreclosing on a residential property were required to send a notice of foreclosure to the municipality where the property is located, and for properties located in Chicago, to send a notice to the respective Alderman of Ward.[1] Illinois repealed this provision in June 2023, however, which will make the initial filing of foreclosures in Illinois move a bit faster.

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