Does the new foreclosure bill extend the window for those already in foreclosure?
Gov. Pat Quinn signs foreclosure bill. Troubled Illinois homeowners facing foreclosure will get up to a 90-day grace period under a law signed by Quinn on Sunday. Public Act 95-1047 gives homeowners more time to work with lenders and housing counselors to avoid foreclosure.
How does this impact existing foreclosures?
Answers (1)
FIRST ANSWER
After reading many articles on this bill it doesn't seem like this will effect people who are already in the actual foreclosure process. http://www.senatedem.ilga.gov/GH_ShowArticle.asp?HID=1243
Kathy Diegel
Coldwell Banker
Kathy.Diegel@cbexchange.com
847-707-8907
Web Reference: http://www.NorthernILproperties.com
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