foreclosure: Skip Foreclosure and Do a Short Sale Instead! - 11/01/19 10:33 AM
"Hello Foreclosure, today's the day!" says no one ever.
Foreclosure may seem far off when the first 90 day late notice lands in your mailbox. Mortgage lenders are often slow to respond to late payments and it can vary by lender.
In Illinois, a judicial foreclosure state, it can be a very long period of time between a 90 day late notice (pre-foreclosure) and the Sheriff knocking on the door to evict a home owner.  
In fact, banks prefer short sales over the lengthy foreclosure process.  Many lenders have relaxed their rules for what falls under a short sale requirement and some have even … (0 comments)