Contact your lender & find out what your options asap.

If you have equity in the home, put it on the market priced to sell & avoid foreclosure at all costs.

Vette...

Do you have any equity to protect in this property or are you upside down. Owe more than it is worth? If you have equity reduce the price to get it sold. If there is no equity there may not be many options. ruth did you you some good advice. Good luck.

Hi Vette, it's possible you have run out of time. contact your lender(s) for information.

Have you spoken with your lender? The most common reaction by people in your situation is to avoid your lender. That is the wrong thing to do. You need to work with them. You do not want to let it go to foreclosure.

In Sunday's Chicago Tribune was an article with help. The link to the whole article is: http://www.chicagotribune.com/classified/realestate/financin…

They refer you to the following for help:
CHICAGO

*ACORN, 209 W. Jackson Blvd. People wanting help with foreclosure must call its hot line, 888-409-3557 to secure an appointment; some help is available via phone. Calls should be returned within 48 hours. Counseling available in seven languages.

*City of Chicago 311 help line. Any city resident can dial 311 and be connected with one of three credit counseling agencies that provide free mortgage help. Calls not immediately taken should be returned by the next business day. Spanish counseling is available.

*Neighborhood Housing Services of Chicago Inc. Each office offers counseling. Call for an appointment -- usually available within two weeks. The central, Back of the Yards and Chicago Lawn/Gage Park locations have Spanish counseling.

Central Office/Neighborhood Lending Services, 1279 N. Milwaukee Ave., 5th Floor, 773-329-4010.

Good luck,
Ruth

Run an owner finance ad on craigslist. Make the downpayment the amount you need to cure the loan and payments equal to what you owe.

You may be able to sell it your self. in combination, hire a realtor if the property makes sense to sell and pay a commission.

Vette,
I guess the question is do you have any equity to protect? If so get the home sold and get your money out. If not or if you have to do a short sale you don't have much more to lose at this point. Someone who's licensed in Illinois will be more knowledgeable on this then me, every state has different foreclosure laws.
Good luck, Michael